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Pixar Options Draw Scrutiny

Stock quotes in this article: DIS , AAPL  

Pixar, the animation studio formerly headed by Apple Computer (AAPL Quote) CEO Steve Jobs, handed out favorably priced options to key employees between 1997 and 2001, according to published reports.

In several cases, the options handed out carried a strike price equivalent to the lowest market price of Pixar's stock in the year they were granted, according a Bloomberg report.

In another case, Pixar, which was recently acquired by Walt Disney (DIS Quote), granted options right before it announced a key deal with Disney that sent Pixar's stock up 49%, according to the report. ...

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