Steve Jobs testifies to feeling underappreciated by Apple board

Apr 23rd, 2009 - AppleInsider

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Roughly four years after returning to Apple, Steve Jobs had set the company on course for one of the most remarkable comebacks in Silicon Valley history but says he felt underappreciated by his board of directors and as a result asked for a sizable stock grant that would later play a major role in the company's widely publicized option-backdating scandal.

Leveraging the Freedom of Information Act, Forbes magazine was able to obtain a transcript of the 119-page deposition Jobs gave to the Securities and Exchange Commission last year regarding the role of his former general counsel Nancy Heinen in matter. He was also probed in regard to his knowledge of the situation and whether he fully understood the implications of backdating stock options.

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