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Apple CEO Jobs Subpoenaed In SEC Backdating Probe

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Steve Jobs, Apple Inc.'s chief executive, has been subpoenaed by the Securities and Exchange Commission to answer questions in a stock-options backdating case against Apple's former general counsel, according to a person familiar with the matter.

The subpoena, issued last month, isn't an indication the SEC is targeting Mr. Jobs, say two people close to the case. Mr. Jobs is being asked to give a deposition in a civil suit brought in April by the SEC against Nancy Heinen, Apple's former general counsel. Ms. Heinen, who left the company in May 2006, is accused of helping to manipulate one of her own stock-option awards and a grant to Mr. Jobs, and falsifying company records to conceal the alleged fraud

Read the whole story at The Wall Street Journal