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iPod god could still face share action


Steve JobsIt seems that Apple chief executive Steve Jobs thinks he’s a little bit psychic, especially when it comes to a certain share scandal. The CEO has decided he knows what the US Securities and Exchange Commission (SEC) is going to do about the whole affair – and that's to clear his name.

Big Steve maintains that he did nothing wrong in his handling of alleged back-dated stock options and claims a passage in a report from the SEC means they think so to.

And he's right: the financial regulator had said it will not bring legal action against Apple Inc for backdating the time shares were awarded.

Unfortunately, several spokespersons for the SEC have also said that they haven't ruled out coming after individuals within Apple.

That would be a shame for Jobs, because without his share options all he earns at Apple is $1.

"I get 50 cents a year for showing up, and the other 50 cents is based on my performance," he joked.