Comments (0) Business, Disney, News, Pixar, Steve Jobs

SEC Troubles Head To Former Pixar CFO

The SEC stock options abuse surrounding Steve Jobs and his companies doesn’t seem to end. CNN Money is reporting today that Ann Mather’s, former Pixar Chief Financial Officer and board member at Google Inc., might face charges from the SEC on stock options backdating during her time overseeing the books at Pixar.  

Google said the SEC told Mather last week that the agency’s Los Angeles staff will recommend a civil complaint be filed against her for alleged stock option abuses that occurred during her five-year stint overseeing Pixar’s books.

says the article. Pixar founder, Steve Jobs, was cleared last year of backdating stock options at Pixar. Mather’s was not an employee at Pixar at the time of the Disney•Pixar merger, having left in November 2005. 

Disney have acknowledged that some of Pixar’s stock options were improperly backdated, and released a statement on Monday confirming it had no new evidence that would change it’s conclusion "or that would lead the company to believe that the SEC staff will recommend an enforcement action as to any individual currently associated with the Walt Disney Company."
Read the full story here.

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