|
SAN JOSE, Calif. (AP) - In the wake of its backdated stock options troubles, Apple Inc. is offering affected employees the chance to amend their past options and receive cash payments to avoid related tax penalties, according a regulatory filing Friday.
Apple said it sent an e-mail to affected employees, offering them the chance modify the exercise price in accordance with the company's designated schedule.
Apple is one of dozens of companies under federal scrutiny over the backdating of stock options, the practice of pegging a grant date to an earlier, lower point in the company's stock price so the recipient could receive a larger windfall in the future.
|