Well if you thought it was a legitimate issue, fair enough. No one says you can't ask questions.
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Did Apple Mislead Investors?
- Thread starter Blorzoga
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Well if you thought it was a legitimate issue, fair enough. No one says you can't ask questions.
Well if you thought it was a legitimate issue, fair enough. No one says you can't ask questions.
Well considering that some people like you call anyone who does not worship Apple a hater.....
Would I be surprised if Apple is investigated over this by the SEC.
It would not be the first time. They were investigation during SJ first leave of absences before his liver transplant. I do not know the results of that investigation but I would not be surprised at all if Apple was given some pretty strong warnings.
This could be why they played it were he stepped down and my guess was it was a planned step down from the day he gave his "leave of absents" Jobs and Cook both knew he was never coming back. It was that way to make it hurt less. They might get looked into on that front but the result will be at most a slap on the wrist.
Jobs was a special case of CEOs as so much of the company's image was linked to him so it was much more relevant that his heath be known as long as he was CEO. As soon as he was Chair of the board not so much.
This must be about the most disgusting post that I have ever read on MacRumors. I wonder what you have in the place where other people have a brain; I wouldn't even want to know what's in the place where other people have a heart.
While disgusting it is a valid question. SJ health is sadly effects the stock price way more than it should. As I pointed out Apple was already investigated once for this and as I said I bet they got a stern warning about not doing it again.
While I won't discuss whether this is a valid question or not, it is disgusting. Do you think Apple should publish a statement now that they don't expect Steve Jobs to attend any further board meetings, to avoid lawsuits?
If you could read you would see there is nothing at all disgusting about my comment. The management of all publicly traded companies is obligated to inform investors of certain events and conditions that could adversely affect the results of the company. Certainly the health of the company's founder fits the bill. If management knew Steve's condition was terminal and did not disclose it, they will be criticized by the SEC. You obviously missed the whole point of my post. I, like most people on here and everywhere, am deeply saddened by the passing of this amazing man. My comment was in no way meant to trivialize this tragic event.
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Actually, Apple has filed with the SEC, as required, a Form 8-K disclosing to the public, the news of Mr. Jobs' passing.
The "whole world" was told that Steve Jobs had been cured of pancretic cancer with his surgery. It also was told that he had had a liver transplant. The issue is whether Apple management knew that his cancer had returned and did not inform the public that he was terminal.
What in your mind would rectify your displeasure about apple's handling of Steve health? Do you think investors should be compensated for the difference in the stock price when it was first learned of his health issues compared to the last day of closing last Tuesday? That would be about a $200 per share gain so stock holders really don't have a case there.
I believe in 2009 it was reported his cancer returned. In mid to late 2010 his health to continue on as CEO was questioned.
During those two years of various news agencies reporting on his health did the SEC, apple board, stock holders and enthusiasts overlook his deteriorating physical condition, the reported time away from the office and the grooming of Time Cook as CEO of things to come?
Then again, I would find it hard to believe that the same government agency you mention, SEC, that failed investors in the Bernie Madoff scheme could let something like Mr Jobs' health issues go unnoticed.
Contrary to what you may believe, it was never reported that Steve Jobs's cancer had returned. See this timeline of events: http://www.bloomberg.com/news/2011-...ce-his-cancer-diagnosis-in-2003-timeline.html
I am not an investor in Apple, I am not looking to rectify any situation, I am merely bringing up a topic of discussion. Apple has been investigated in the past regarding disclosures about Steve's health:
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aDL78iMCdOzk
Unfortunately, most people can't read my comments objectively and only interpret them as in some way bashing Steve Jobs. I am questioning Apple's management and their possibly intentional nondisclosure of information that investors are entitled to receive.