Jobs Subpoenaed For Backdating Trial
09.21.07 - 11:46am
Steve Jobs is know for his genius marketing and for quietly slipping through the investigation in the stock options backdating scandal that Apple has been under fire for.
It is not over yet however, as Jobs has been subpoenaed by the Securities and Exchange Commission to give deposition in the civil stock-options backdating case involving Nancy Heinen, Apple’s former general counsel. Heinen, is considered by many to be the fall guy for Apple.
“It’s unfortunate that Nancy Heinen is being sued,” said Jesse Fried, a professor at Boalt Hall School of Law at UC Berkeley and co-director of the Berkeley Center for Law, Business and the Economy. “She did not have as much to gain from this backdating as Jobs did. She was presumably doing what she was asked to do or what she believed she was asked to do by Steve Jobs. I think that she may have served as a fall person.”
