Porn sites for glenn rorvig

However, people do make decisions about the future, whether to buy, sell or hold, stocks based upon quarterly profit reports. Furthermore, the option came with an exercise price of .They could issue them on the share price at any date in history if that had taken their fancy.Adult Swingers in the past, meeting another couple often took weeks of mailing photos and writing letters before the meeting actually took place.If you lucked out and happened to live near a swingers club, it probably wasn't a very attractive or "upscale" place.It s not an expense: it might be a contingent liability, something that costs the company money if the share price rises, but it hasn t cost the company any money that day and so isn t an expense that day.But that isn t actually the real problem: an in the money option is an expense to the company, exactly the same expense to the company that it is income to the recipient (it must be, accounts must balance, for every credit there s a debit and so on). In 2001 he was granted stock options amounting to 7.So, what should have happened is that Apple reported profits which were million lower for that quarter: they didn t, and that is the much larger problem.

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But, if the price or date means that they re creating a current expense for the company then that s what the company has to report: a current expense.This is where the real problem came in: if it s an expense, then it must be reflected in Apple s books and must, of course, come from somewhere.Further, note that there s nothing wrong with backdating options, nor even with the price at which they were granted: it is purely a problem of how the transaction was recorded, nothing more.Comment on this story Steve Jobs Obituary: the Backdated Options Scandal Opinions expressed by Forbes Contributors are their own options backdating which companies are at risk.5 million Apple shares, allegedly without the required authorisation from the company s board of directors.