The backdating and repricing of stock options became a huge public issue last decade, almost immediately after the WorldCom and Enron scandals rocked the business world, causing the passage of the Sarbanes-Oxley Act of 2002. The timing of this backdating and repricing of the stock options occurred it seems in the years that followed the bursting of the Internet stock market bubble in the years 2000 and 2001, followed closely the events of September 11, 2001.

Explain in detail what is meant by the backdating and repricing of stock options.

Look up on the Internet information which is available concerning when Steve Jobs of Apple was deposed by the SEC to testify when the SEC was investigated Apples back dating of stock options. Summarize in your own words the results of that disposition. Did someone at Apple get in trouble related to the back dating of the stock options? If so, who and why?

Comment on the ethics and backdating of stock options. In fact, use that as a search term in Google, and you will find lots of authoritative literature on this subject. Summarize the best and most authoritative literature you can find on this subject. Do you believe that either the backdating or the repricing, or the combination of backdating and repricing at the same time, constitutes an act of fraud? Why or why not? Be specific. This is the most important Question in the Homework Assignment for this week, so make sure your research and answers are well grounded, explained, and written