Apple’s forged documents

My thoughts? Great time to buy Apple stock. Nothing will come of this, apart from a fine (which might be hefty to make Apple an example). Jobs didn’t authorize the shares to be given to himself, and they were never actually used, so this will leave him unscathed.

The stock will take a hit, but that just means it’s a good time to buy….

Ted, I agree…. I see the stock dropping to the $60′s then BUY BUY BUY!

But do you think Jobs could be removed if they prove he knew of the falsified documents?

There are many reasons that falsifying board of director records is a bad idea. It’s lousy control, and can be used for many shenanigans.

That said, if this is the only falsification, it doesn’t seem particularly venal. The options weren’t out of line for what Jobs was getting at the time, and if it had been raised in the board meeting it would have been approved. Jobs was clearly into his “savior of the company” mode at the time.

I’m going to guess that someone, a few days after the board meeting, said “Shoot, we for about Steve’s options!” (Maybe it was Steve saying, “So, were my options approved?”) So, they call people on the phone to get enough people to approve so it would have been a majority if it happened in the board meeting, and adjusted the minutes to say it was decided at the meeting.

It’s still not right, and I’d be investigating to see if anything else was falsified. But, it happened before Sarbanes-Oxley was passed, so if nobody is stupid enough to lie about it and nothing else is found, there will probably be a fine and an agreement never to do it again. Jobs turned back the options, so any harm done by the questionable options was rectified.

Yeap, I do think so, they’ve done it before and they can do it again :S

If this was Bill Gates the cries for his imediate death would be heard around the world, but it’s Jobs so it must be just a simple mistake….

You mean something will come of it? When we’ve been duped out of economy, homes, land, port control, soldiers’ lives and loss of freedoms over “falsity”?

I think it is unwise to underestimate Mac loyalists with sayings like “You can take my Mac, from my cold dead fingers”. — If only we had politicians with such honor.

If Apple removes Jobs or any attack is placed on the company..the new ownership in control will be very sorry. Kind of like what Howard Stern did to Snapple when the “new” owners took over!