Company Former Pixar CFO faces stock fraud charges

[Tom Morrow]

Former Pixar CFO faces stock fraud charges for backdating stocks

SEC recommends options lawsuit vs Pixar ex-CFO Reuters Google Inc (GOOG.O: Quote, Profile, Research) said on Monday that board member Ann Mather was told the U.S. Securities and Exchange Commission plans to recommend a civil proceeding against her.Mather was chief financial officer at Pixar from 1999 to 2004, Google said. She became the third executive to face stock options backdating claims at companies run by Apple Inc co-founder Steve Jobs. Last year, a Disney audit committee found stock options backdating had occurred at Pixar prior to the acquisition, but said, "No one currently associated with the company engaged in any intentional or deliberate acts of misconduct." Disney paid about $30 million to the U.S. Internal Revenue Service and the state of California to cover income tax liabilities on behalf of Pixar employees who held the options. Reporting by Gina Keating; Editing by Jeffrey Benkoe and Braden Reddall complete article

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[Magic1]

But... Pixar's so wonderful... And Apple too... How could this... continue.



.:Magic1:.

[princesschloe777]

Hum. Interesting Stuff...