Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
In 2006, Apple disclosed that it had backdated thousands of grants of stock options to executives during the preceding decade. That practice - which involves linking exercise prices to earlier and lower stock values - is legal, if properly accounted for.
But it seems Apple failed to properly record the transactions. Multiple suits were brought in various jurisdictions against the executives, and the cases were subsequently aggregated.
Among the defendants were CEO Steve Jobs, CFO Peter Oppenheimer, COO Timothy Cook, former CFO Fred Anderson, and former general counsel Nancy Heinen.
The $US14 million will be funded by insurers, not Apple or the individual executives.
The settlement also requires Apple to address corporate governance issues as well as making changes to the way it grants and records stock options and related matters.
This week, the judge hearing the case gave preliminary approval for the proposed settlement, with a final hearing scheduled for October 31.
David Bass
| For the fourth year in a row, IDC has placed content security provider Websense (NASDAQ: WBSN) at the top of the IDC Worldwide Web Security 2011 –…
How to Make Business Discovery Work for Your Business
Business Discovery takes its cues from consumer apps. Like Google, it encourages us- ers to hunt for and explore data without worrying about or even noticing the underly- ing technology. Their entire experience is working within an intuitive interface to get real-time, self-service results with only minimal training. ...more
Try an easy-to-use set of web-enabled
tools for business-class productivity services. Office 365 provides
anywhere-access to email, important documents, contacts, and calendars
on almost any device.
Latest Headlines from IT INDUSTRY
