Options backdating

Apple's new top lawyer: The end of 3 years of legal musical chairs?

September 15, 2009: 10:27 AM ET
Bruce Sewell. Photo: Intel Corp.

Bruce Sewell. Photo: Intel Corp.

In a bit of high-level counsel swapping, Apple (AAPL) announced on Tuesday that it had hired Bruce Sewell to be its general counsel, one day after Intel (INTC) reported Sewell's resignation.

The hire marks the end of a game of legal musical chairs that dates back to the 2006 options backdating scandal, when Nancy Heinen, Steve Jobs' long-time consigliere, was thrown under the bus.

Sewell, who had worked for Intel for 14 years, replaces Daniel Cooperman, whose retirement in less than two weeks was announced in the same press release.

Cooperman, in turn, had left Oracle (ORCL) for Apple just as Donald Rosenberg, Heinen's replacement, was leaving Apple for Qualcomm (QCOM). Cooperman had held the job for less than two years. Rosenberg for less than one.

More

Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by WordPress.com VIP.