John Paczkowski

Recent Posts by John Paczkowski

Apple: "Let's Rock" This Backdating Settlement

One new Apple achievement that went unannounced at Tuesday’s “Let’s Rock” keynote was a final tidying-up of the company’s options backdating scandal. A group of former and current Apple executives that includes CEO Steve Jobs, CFO Peter Oppenheimer and COO Tim Cook has reached a tentative settlement in a shareholder lawsuit filed over stock-option irregularities. Under terms of the suit, Jobs et al will pay $14 million in attorney fees and damages. Well, the insurers representing them will, anyway. And they’ll pay it to Apple (AAPL) itself, because the shareholders sued those executives on behalf of the company.

Should the settlement be approved at an upcoming Oct. 31 hearing, it will put an end to an options debacle that’s been going on since 2006.

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus