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Disney Clears Jobs in Stock Option Inquiry

by on March 17, 2007

An internal investigation at The Walt Disney Company has cleared Steven Jobs of misconduct related to backdated stock options at Pixar, The New York Times reports.

According to the newspaper, a statement issued by Disney chairman John E. Pepper says “no one currently associated” with Disney performed “any intentional or deliberate acts of misconduct” connected to the backdating of options.

The Department of Justice and the Securities and Exchange Commission are still investigating the matter.

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