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corporate governance

Steve Jobs avoids criminal charges in backdated options probe

Mercury News reports that Steve Jobs has been found to be in the clear when it comes to criminal charges related to the backdated options he received as CEO. Backdating isn’t always illegal, but steps must be followed, including disclosure rules. In Apple’s case, the company has admitted the grant to Jobs, approved in December… Read More »Steve Jobs avoids criminal charges in backdated options probe

Ovitz Case… prognosticating the results

Larry E. Ribstein, who plays a law professor in real life, breaks down the Ovitz shareholder lawsuit and posts what he sees as the likely result and why it is such an important case in corporate law. First, … this case straddles several recent eras of corporate history.  It has moved from the pre-Enron era,… Read More »Ovitz Case… prognosticating the results