Apple backdating scandal

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left to him by his late father, Senator Albert Gore Sr., and valued at between US0,000 and US

left to him by his late father, Senator Albert Gore Sr., and valued at between US$500,000 and US$1-million, according to disclosure forms. He owns a 20-room, 10,000-square-foot antebellum mansion in Nashville’s wealthy Belle Meade neighbourhood that’s mostly shrouded from view by a thicket of Southern foliage and a massive iron gate.In 2010 — weeks before the Gores announced they were dissolving their 40-year marriage — he purchased an oceanfront six-bedroom, US$8.9-million villa in Montecito, California, where Oprah Winfrey and Kirk Douglas have lived. The investment company was founded by his buddy, Canadian billionaire Jeffrey Skoll, who amassed a large part of his fortune in shares he was awarded as the first president of EBay Inc.Hundt, whom Gore helped get appointed to run Bill Clinton’s Federal Communications Commission in 1993, didn’t detect a business gene in young Al back in their days at Washington’s private St. Gore went on to graduate with a degree in government from Harvard University, dabble in journalism and study but never graduate from law school at Vanderbilt University.Instead, he quit to run for public office.‘Going Places’Still, says Hundt, “it was clear that Al was smart and was going places.”Gore hasn’t tried to hide his prosperity.Utility Bill It isn’t clear how the divorce affects Gore’s net worth. After losing to Bush, he had enough wealth by March 2008 to put US$35-million into hedge funds and private partnerships through Capricorn Investment Group, a Palo Alto, California-based company, according to U. Book Profits His best-selling climate books, “Earth in the Balance,” “An Inconvenient Truth” and “The Assault on Reason,” haven’t contributed to his wealth.

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left to him by his late father, Senator Albert Gore Sr., and valued at between US$500,000 and US$1-million, according to disclosure forms. He owns a 20-room, 10,000-square-foot antebellum mansion in Nashville’s wealthy Belle Meade neighbourhood that’s mostly shrouded from view by a thicket of Southern foliage and a massive iron gate.

In 2010 — weeks before the Gores announced they were dissolving their 40-year marriage — he purchased an oceanfront six-bedroom, US$8.9-million villa in Montecito, California, where Oprah Winfrey and Kirk Douglas have lived. The investment company was founded by his buddy, Canadian billionaire Jeffrey Skoll, who amassed a large part of his fortune in shares he was awarded as the first president of EBay Inc.

Hundt, whom Gore helped get appointed to run Bill Clinton’s Federal Communications Commission in 1993, didn’t detect a business gene in young Al back in their days at Washington’s private St. Gore went on to graduate with a degree in government from Harvard University, dabble in journalism and study but never graduate from law school at Vanderbilt University.

Instead, he quit to run for public office.‘Going Places’Still, says Hundt, “it was clear that Al was smart and was going places.”Gore hasn’t tried to hide his prosperity.

Utility Bill It isn’t clear how the divorce affects Gore’s net worth. After losing to Bush, he had enough wealth by March 2008 to put US$35-million into hedge funds and private partnerships through Capricorn Investment Group, a Palo Alto, California-based company, according to U. Book Profits His best-selling climate books, “Earth in the Balance,” “An Inconvenient Truth” and “The Assault on Reason,” haven’t contributed to his wealth.

No settlement has ever been published and Betsy Mc Manus, Al Gore’s director of communications, declined to comment on it. In 2007, the Tennessee Center for Policy Research, using a public records request, published Gore’s Nashville home utility bill, showing it used almost 221,000 kilowatt-hours in 2006 — 20 times the national average household consumption. Gore has long pledged any book and film money to his nonprofit, the Climate Reality Project, created in 2011 from two advocacy groups Gore founded a year earlier.

-million, according to disclosure forms. He owns a 20-room, 10,000-square-foot antebellum mansion in Nashville’s wealthy Belle Meade neighbourhood that’s mostly shrouded from view by a thicket of Southern foliage and a massive iron gate.

In 2010 — weeks before the Gores announced they were dissolving their 40-year marriage — he purchased an oceanfront six-bedroom, US.9-million villa in Montecito, California, where Oprah Winfrey and Kirk Douglas have lived. The investment company was founded by his buddy, Canadian billionaire Jeffrey Skoll, who amassed a large part of his fortune in shares he was awarded as the first president of EBay Inc.

Hundt, whom Gore helped get appointed to run Bill Clinton’s Federal Communications Commission in 1993, didn’t detect a business gene in young Al back in their days at Washington’s private St. Gore went on to graduate with a degree in government from Harvard University, dabble in journalism and study but never graduate from law school at Vanderbilt University.

Instead, he quit to run for public office.‘Going Places’Still, says Hundt, “it was clear that Al was smart and was going places.”Gore hasn’t tried to hide his prosperity.

Utility Bill It isn’t clear how the divorce affects Gore’s net worth. After losing to Bush, he had enough wealth by March 2008 to put US-million into hedge funds and private partnerships through Capricorn Investment Group, a Palo Alto, California-based company, according to U. Book Profits His best-selling climate books, “Earth in the Balance,” “An Inconvenient Truth” and “The Assault on Reason,” haven’t contributed to his wealth.

No settlement has ever been published and Betsy Mc Manus, Al Gore’s director of communications, declined to comment on it. In 2007, the Tennessee Center for Policy Research, using a public records request, published Gore’s Nashville home utility bill, showing it used almost 221,000 kilowatt-hours in 2006 — 20 times the national average household consumption. Gore has long pledged any book and film money to his nonprofit, the Climate Reality Project, created in 2011 from two advocacy groups Gore founded a year earlier.

On paper, it was about a US-million payday based on the company’s share price on the day he claimed the options.This may be in part because Gore, by reputation, shuns figurehead appointments for real ones.One example: at Apple’s request, he dove into an options backdating scandal, which predated his arrival, chairing a 2006 committee that recommended revisions to company policies.“It doesn’t surprise me,” Reed Hundt, a Gore high-school friend, said of his business success.How Gore achieved this is as much about timing and luck as it is about business skills.His Apple board tenure has coincided with a 5,900% increase in its stock price.

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