NYT Reports Steve Jobs' Exoneration 129
heyitsgogi writes "The New York Times is reporting that Apple has cleared Steve Jobs of any wrongdoing. From the article: 'In a filing with the Securities and Exchange Commission, Apple said that while its investigation revealed that the company's stock option procedures did not include sufficient safeguards to prevent manipulation, Mr. Jobs did not benefit financially from any questionable stock awards.' As a result of the internal investigation, Apple said it would record $84 million in expenses related to the options awards."
Whew.... (Score:4, Interesting)
Re:...what the!? (Score:3, Interesting)
Whole Lotta Fakin' Goin' On Over Jobs' Options (Score:5, Interesting)
Re:...what the!? (Score:2, Interesting)
Re:Whole Lotta Fakin' Goin' On Over Jobs' Options (Score:3, Interesting)
I don't think you understand how the billionaire mind works. They don't think of much of motivation when dealing with such trivial amounts of money. When you find a quarter in the vending machine change slot, how much effort do you exert to find the proper owner. What were your motivations in putting it in your pocket?
I'm sure Steve feels the same way. He had a bunch of worthless options, he traded them in for some that aren't worthless. So he had to fake a board meeting. What's the big deal? It's only 1/10,000th of the value of the company that he's pocketing. Divide the amount by the (my estimate) 3 million Apple share holders and it's only a bit more than 2 bucks a piece. They can afford that. Besides, he's entitled to that money because he doesn't take a salary and after all when they gave him the (now worthless) options a while back, they were worth something. I'm sure Steve feels that he was owed...