6/22/2006
Steve Jobs Dress-up
I don't get this company. Any other company would be sunk with what's been going on.
Apple has worse corporate governance than 95% of the public companies out there. The CFO resigns in October along with the general counsel. THe options backdating comes out a month later. And now 7.5 million options allocated to Jobs in 2001 weren't approved by the board because the minutes were falsified? This company is dogshit and the stock is bulletproof. I don't get it. News like this tanks a company and the stock won't crack $75. Fidelity and Teachers own 7 and 3%, respectively. Institutional investors like these don't like to read about this stuff - they get scared and liquidate their holdings.
Apple has worse corporate governance than 95% of the public companies out there. The CFO resigns in October along with the general counsel. THe options backdating comes out a month later. And now 7.5 million options allocated to Jobs in 2001 weren't approved by the board because the minutes were falsified? This company is dogshit and the stock is bulletproof. I don't get it. News like this tanks a company and the stock won't crack $75. Fidelity and Teachers own 7 and 3%, respectively. Institutional investors like these don't like to read about this stuff - they get scared and liquidate their holdings.
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