This San Francisco Chronicle article does a good job of laying why Jobs should still be sweating (if only in private) his 2001 stock option grants. Jobs has already passed through one options investigation untouched, that of, Pixar the animation house he bought of George Lucas for a song and then turned into a creative powerhouse.

But backdating issues with Jobs's gig at Apple, Inc. still loom large. There's a lot of smoke and maybe a bit of fire too. After all it would seem fortuitous for Job's to have accepted options backdated to just four days before Apple made the announcement of its first iPod...until you recall that the iPod was widely derided as a flop-in-the-making.

The Daily Caveat thinks Jobs'll skate...but time will tell.

-- MDT

Labels: Apple, backdating, Steve Jobs, stock options