Apple
chief executive Steve Jobs has been drawn into a second stock options
investigation.
While serving as the head of
Pixar Inc
Jobs allegedly signed off a "well-timed" stock option deal with director John
Lasseter in 2001, according to the
Wall
Street Journal.
Lasseter is credited with helping turn Pixar into an animation powerhouse,
having directed
Toy
Story,
Toy
Story 2 and
A
Bug's Life.
The options were reportedly given as part of a 10-year deal with Lasseter,
who was awarded stock options priced at Pixar's lowest point of the previous
year, three months before the actual day the contract was signed.
The back-dated options reportedly netted Lasseter an extra $6.4m in potential
profit.
Pixar was sold to Disney in 2006, netting Jobs a position on the company's
board and Lasseter a spot as chief creative officer at Disney's animation
studios.
Jobs is already mired in a stock options probe with Apple Inc, which is under
investigation for
back-dating
stock options awarded between 1997 and 2002. The adjusted reports from the
scandal ended up costing Apple $84m.
An internal probe cleared Jobs of any wrongdoing, and the company maintains
that neither Jobs nor any current members of Apple's executive team was
implicated in the scandal. The US Attorney General's office is currently
investigating the case.
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