No one's pay was "inflated" by backdating, unless you assume that the alternative would have been awarding executives exactly the same number of options at less-advantageous prices.
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Alex Gibney’s incisive documentary “Steve Jobs: The Man in the Machine,” opening this week, starts with the messianic depictions of its subject following his 2011 death, then digs into his ruthless business tactics and a brash desire to change modern civilization.
The scariest takeaway is that he seems to have gotten away with it.
READ MORE: Danny Boyle’s ‘Steve Jobs’ Joins 53rd New York Film Festival as Centerpiece Selection Nearly four years after Steve Jobs’ death, his legacy continues to haunt us.
Every myth faces a reckoning at some point, and this fall, Jobs’ moment has arrived.
The total compensation to executives granted back-dated options was either unchanged or, perhaps, lower than it would have been, since people tend to irrationally over-value a bird in hand (in the money options) to a dozen in the bush (out of the money options).