Wednesday, February 28, 2007

Jobs' Role In Backdating Now Issue For Pixar

Already under scrutiny for his role in misdated stock options at Apple Inc., Steve Jobs is facing growing questions about whether he was involved in similar problems at Emeryville-based Pixar Animation Studios Inc. The latest issue with the Walt Disney Co.-owned film studio involves a 10-year employment contract the company signed in 2001 with star director John Lasseter. As part of that agreement, the company awarded Lasseter 1 million stock options that carried a strike price equivalent to the lowest price of Pixar's stock the previous year, according to a report Friday in the Wall Street Journal.

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