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While Arends suggested Jobs' move in 2003 was the "dumbest trade ever," Jobs has also been behind some quite profitable deals.

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The chief executive famously takes a salary of only

The chief executive famously takes a salary of only $1 for his work at Apple, but receives millions in compensation in the form of stock options.

Reyes was fined $15 million and sentenced to 21 months in federal prison after being found guilty in 2007 of picking favorable dates in the past for the awarding of stock options without revealing that information to shareholders. Circuit Court of Appeals tossed Reyes conviction Tuesday, finding that prosecutors lied to the jury in final arguments, telling them that no one in the Brocade's finance department knew about the backdating.

He was the first of more than a dozen executives who faced criminal prosecution in the wide-ranging scandal. In fact, some of those employees explicitly told the FBI they knew about the shenanigans.

He noted that the tech bubble burst in 2000 had left many companies hurting, including Apple, which dropped from a peak of $36 down to $7.

In 2003, stock options granted to employees "seemed completely worthless," he wrote.

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The chief executive famously takes a salary of only $1 for his work at Apple, but receives millions in compensation in the form of stock options.Reyes was fined $15 million and sentenced to 21 months in federal prison after being found guilty in 2007 of picking favorable dates in the past for the awarding of stock options without revealing that information to shareholders. Circuit Court of Appeals tossed Reyes conviction Tuesday, finding that prosecutors lied to the jury in final arguments, telling them that no one in the Brocade's finance department knew about the backdating.He was the first of more than a dozen executives who faced criminal prosecution in the wide-ranging scandal. In fact, some of those employees explicitly told the FBI they knew about the shenanigans. He noted that the tech bubble burst in 2000 had left many companies hurting, including Apple, which dropped from a peak of $36 down to $7.In 2003, stock options granted to employees "seemed completely worthless," he wrote.

for his work at Apple, but receives millions in compensation in the form of stock options.Reyes was fined million and sentenced to 21 months in federal prison after being found guilty in 2007 of picking favorable dates in the past for the awarding of stock options without revealing that information to shareholders. Circuit Court of Appeals tossed Reyes conviction Tuesday, finding that prosecutors lied to the jury in final arguments, telling them that no one in the Brocade's finance department knew about the backdating.He was the first of more than a dozen executives who faced criminal prosecution in the wide-ranging scandal. In fact, some of those employees explicitly told the FBI they knew about the shenanigans. He noted that the tech bubble burst in 2000 had left many companies hurting, including Apple, which dropped from a peak of down to .In 2003, stock options granted to employees "seemed completely worthless," he wrote.




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