And whether Jobs benefited from backdated options may be immaterial if federal regulators come calling. Regulators have indicated that they are focusing more on whether insiders defrauded investors in how they disclosed or accounted for backdated options than whether they profited from them.
For instance, the
The companies caught up in the backdating scandal are accused of issuing to insiders options to buy company stock at prices that were known weeks or months after the fact to be near-term lows.
Although backdating by itself isn't necessarily against the law, investigators are trying to determine whether companies