Today in Apple history: Stock ‘backdating’ scandal hits Steve Jobs

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There was even some speculation Jobs could lose his, err, job.
Photo: Ben Stanfield/Flickr CC

Dec28December 28, 2006: As the rest of the country enjoys a much-deserved holiday, Apple gets embroiled in a stock “backdating” scandal.

The news, centered on the dubious awarding of stock options to Steve Jobs, prompts Apple share prices to fall. Some people even suggest Jobs might have to step down as Apple CEO. Fortunately, that doesn’t happen.

Steve Jobs Threatened Patent Litigation To Enforce ‘No-Hire’ Agreements

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Steve Jobs shakes hands with Eric Schmidt.

Apple co-founder and former CEO Steve Jobs threatened Palm CEO Edward Colligan with patent litigation if he did not agree to stop poaching Apple employees, according to a court filing that was made public on Tuesday.

Confidential emails between the pair, along with documents from Adobe and Google, have surfaced in a civil lawsuit that claims a number of major companies in Silicon Valley violated antitrust rules by entering into agreements not to recruit each other’s employees. Five employees are now fighting for class action status and damages for lost wages as a result of the “no-hire” agreements.