New VP for Apple as share options scandal rolls on
Link: New VP for Apple as share options scandal rolls on
Apple has appointed a new senior vice president and general counsel for the company.
Donald J. Rosenberg moves in from IBM to replace Nancy Heinen, who left mysteriously in May earlier this year.
The event of change of senior VP is seen by many as widely linked to the share options scandal that has rocked most of the tech companies in America, including Apple.
The share options scandal involves the backdating of shares within a company when allocated, in order to retain key workers.
Technology companies have been specifically keen to hold onto their most valuable employees, and many may have fallen foul of US Securities and Exchange Commission investigations because of this.
More than 120 companies have been, or are currently being, investigated by the SEC, most of which are focused in America’s Silicon Valley.
Last month Apple’s Chief Financial Officer, Fred Anderson, resigned over the issue, while Steve Jobs, though cleared of wrongdoing, has already been forced to personally apologise.
However, while Apple has to ride out the scandal along with the rest of corporate America, business is still looking strong for the company.
Over the past year they sold an average of 106,000 iPods every day - with an additional 20 million expected to be sold over the coming Christmas shopping season.
