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More likely, though, he's been saved by his special status.

It turns out that Jobs did, indeed, receive backdated options—just not at his own direction. 18, 2001, when the stock stood at .01, the company gave Jobs a monster 7.5-million-share options grant dated Oct. By doing so, the company gave Jobs million in compensation for which it did not account properly. It also pretended the options grant was approved at a special board meeting, when no such meeting occurred. He received a massive grant that was approved at a phantom board meeting, though he didn't know about the phony meeting.He was also feeling pretty stung that Apple's board never approached him with a stock option reward without his prompting.The SEC claimed Heinen fraudulently cooked up options grants by misrepresenting the true dates the grants were awarded to times when the price was at a historic low.As Jack Shafer noted in 2005, even the press loves Jobs.Nobody—no board member, or analyst, or hedge-fund manager, or columnist—will step up to say that Jobs should go.

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