Tuesday, April 29, 2008

Pixar's Ex-CFO Could Face SEC Charges

The investigation on the stock option backdating at Pixar before the Disney merger continues. This one appears to be more serious than others. Pixar's Ex-Chief Financial Officer Ann Mather could face a civil suit by the SEC.

A lawyer for Ann Mather acknowledged that his client might become the target of a civil action brought by the Securities and Exchange Commission for alleged stock option irregularities at the Emeryville, Calif.-based creator of such blockbuster hits as "Ratatouille" and "The Incredibles." Mather left Pixar in 2004.


So far, all the major players in this, including former CEO Steve Jobs, have not been implicated in any wrongdoing. But it appears that the investigation continues....

Zz.

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