The loan to Belluzzo - who recently became chief executive officer at data storage firm Quantum - was made shortly after he joined the software giant in September 1999, according to Microsoft's annual report which was filed with the US Securities...
Currently, publicly traded companies must follow a detailed set of rules when filing annual reports with the Securities and Exchange Commission. Corporations listed on US stock exchanges would have to certify that they have conducted an annual...
The Sarbanes-Oxley legislation among other matters appears to have increased the costs of maintaining a listing on US exchanges. While there may be benefits in terminating a US listing, it appears organisations must continue to file accounts with...
Public companies must certify their compliance with a key section of the Sarbanes-Oxley Act when they close this year's books, noted JMP Securities analyst Patrick Walravens. The law, which Congress passed in 2002 following financial scandals at...
Anderson's statement came just after the US Securities and Exchange Commission (SEC) filed a lawsuit against Nancy Heinen, the former general counsel at Apple, saying her actions led to "fraudulent" stock option backdating at the company.
Apple has admitted that Jobs received two options packages that came with cherry-picked exercise dates but he never exercised those options, exchanging them for a restricted stock award in 2003. A US Securities and Exchange Commission investigation...