• Most Popular
  • Most Shared
Vincent Padois, head tutor at the Pierre and Marie Curie University who teaches robotics and is babysitting the Paris ICub, makes a demonstration with ICub robot, a ?hybrid embodied cognitive system for a humanoid robot" about 1 metre (3.2 feet) high, at the Pierre and Marie Curie University in Paris September 4, 2009. Six versions of ICub exist in laboratories across Europe, where scientists are painstakingly tweaking its electronic brain to make it capable of learning, just like a human child and hoping it will learn how to adapt its behaviour to changing circumstances, offering new insights into the development of human consciousness.   REUTERS/Philippe Wojazer

Pictures of the year: Technology

A look at the year's best science and technology photos.   Slideshow 

    Apple CEO subpoenaed in options case

    NEW YORK
    Thu Sep 20, 2007 6:28pm EDT

    Stocks

       
    Apple CEO Steve Jobs introduces the Apple iPod Nano media player in San Francisco, California September 5, 2007. Jobs has been asked by U.S. securities regulators to give a deposition in a stock options backdating lawsuit against the company's former general counsel, Bloomberg reported on Thursday, citing two people familiar with the matter. REUTERS/Robert Galbraith

    NEW YORK (Reuters) - Apple Inc (AAPL.O) Chief Executive Steve Jobs was asked by U.S. securities regulators to give a deposition in a lawsuit against the company's former general counsel involving stock options backdating, a person familiar with the matter said on Thursday.

    Regulatory News

    The U.S. Securities and Exchange Commission subpoenaed Jobs for its case against former Apple general counsel Nancy Heinen, who was sued on April 24 for backdating option grants to Jobs and other executives.

    Jobs was among a number of Apple executives who were expected to give depositions in connection with the suit, the source said, adding: "We are at beginning of that process."

    Apple and the SEC declined comment. A lawyer for Jobs could not be reached for comment.

    According to a document filed in a California court on August 31, Heinen is seeking 45 depositions for the case, while the SEC is looking to limit the number to 12 per party.

    SEC lawyers have accused Heinen and former Apple Chief Financial Officer Fred Anderson of backdating more than $20 million in stock options in 2001 for Jobs, themselves and other executives.

    Anderson in April said he had been told by Jobs that Apple's board had given its approval in the handling of the backdated stock options.

    The SEC did not pursue charges against Anderson after he agreed, without admitting or denying the allegations, to pay $3.5 million in fines and disgorgement of profit.

    The agency in April said it would not pursue enforcement action against Apple, but that the decision did not bar further civil claims against other Apple executives.

    Cupertino, California-based Apple has said that an internal review found two questionable options awarded to Jobs, but found no wrongdoing by current management, including Jobs.

    Apple shares fell 0.33 percent to close at $140.31 on Nasdaq.

    (Reporting by Sinead Carew and Michele Gershberg)



    More from Reuters

    A customer is served at a counter inside a foreign exchange store displaying a poster of various banknotes including the Chinese yuan or renminbi (RMB) in Hong Kong November 20, 2009. REUTERS/Bobby Yip
    OUTLOOK 2010:

    Be careful what you wish for

    Pressure on China to loosen its grip on the yuan will continue but the U.S. should tread carefully. Here are five world market issues to watch.  Full Article 

    Aurora, a 20-year-old Beluga whale, swims with her newborn calf after giving birth at the Vancouver Aquarium in Vancouver, British Columbia June 7, 2009. REUTERS/Andy Clark

    365 days for the doomed

    From polar bears to emperor penguins, endangered species will get top online billing in 2010 during the Year of Biodiversity.  Full Article