Apple Computer last night said it had uncovered 'irregularities' in its awarding of stock option grants, including to chief executive Steve Jobs, and had informed the US Securities and Exchange Commission.
Apple said in a statement that an internal investigation uncovered the questionable options grants made between 1997 and 2001.
'One of the grants in question was to CEO Steve Jobs, but it was subsequently cancelled and resulted in no financial gain to the CEO,' the company said in a statement.
Apple did not disclose details about the irregularities, but some companies have reportedly been embroiled in a controversy over 'back-dated' options. Back-dating involves ways of changing the grant date to increase the options recipient's profit.
