Consumers adore him for liberating them from the tyranny of expensive CDs and crappy radio.
That means the company incurs an expense equal to the difference in the share price between the two dates.
If you cover it up and fail to report that expense, the way Apple's folks allegedly did, well, that amounts to accounting fraud.
Just so, which midlevel investigator at the Securities and Exchange Commission would have the temerity to recommend to Chairman Christopher Cox that the agency haul the most successful Silicon Valley entrepreneur into court?
Which junior federal prosecutor will recommend indicting the guy who smashed the PC monopoly?
You'd think they'd be up to their eyeballs in rope.
I count no fewer than 38 top executives at 19 high-tech companies that have bit the dust over this stuff.
Heinen allegedly covered up the back-dating, which caused Apple's earnings to be inflated.
This apparently violates a whole bunch of SEC rules.
While a few of those 38 terminations may turn out to be the result of such activity, it's likely that the vast majority fell on their swords to avoid sullying the good names of their companies.