In Statement About Steve Jobs, Questions of Anderson’ Motive: NYT
6:18 am, April 26th, 2007, Leander Kahney
In the Times, reporters John Markoff and Matt Richtel cast about for the motives behind Fred Andeson’s statement on Tuesday that he warned Steve Jobs about the legal and accounting ramifications of the controversial 2001 “executive team” options grants.
Markoff and Richtel say the statement against Jobs was “an extraordinarily sharp elbow” and a “shot heard round Silicon Valley.” Speaking to various analysts and observers, they speculate that Anderson may be contributing to the “legal cloud remaining over Jobs.”
There’s a couple of interesting tidbits. It reveals that Anderson, when serving on Apple’s board, volunteered to conduct an internal investigation into how the company handled options when the SEC first started investigating widespread backdating practices. He “did so at the time not because Apple was suspected of having a problem but because many major companies were trying to understand their practices in case they did face scrutiny or accusations,” the Times says.
Irish rock star Bono, a co-founder with Anderson of Elevation Partners, a venture capital firm, said: “He is a man to whom you would give the keys to your life and know it would be calmer, tidier and better organized every day he was in it.”
Another Elevation colleague, said Anderson had been” deeply hurt by insinuations from Apple that he was responsible for the option accounting problems.”
He said the comments by Mr. Anderson’s lawyer were an attempt to clear Mr. Anderson’s name and “set the record straight in a way that has not been possible because of the pending legal action.”
Posted by Leander Kahney in Apple, Steve Jobs | Comment on this article
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