Apple’s long-festering stock-option backdating scandal may finally be put to rest: former Apple general counsel Nancy Heinen has settled with the SEC for $2.2 million. Back in April 2007, Heinen and former Apple CFE Fred Anderson were sued by the SEC for fraudulently back-dating sizable stock options grants to Apple executives—including Apple CEO Steve Jobs. Although options back-dating isn’t illegal, its real impact on a corporation’s bottom line must be disclosed. The SEC’s suit alleged company records were altered to conceal the impact of the backdating.
