Katie Dean wonders "if Apple lost Jobs"...
Apple has said that Jobs knew of backdated option grants but "was unaware of the accounting implications," and an internal investigation cleared him of misconduct.Hypothetical satire follows...
Steve Jobs: "Gee, yeah, I knew we were backdating stock options to ideal dates where we could capitalize on changes in stock price that already occurred in order to enrich ourselves, but... you mean to say there is a problem with that?"
1 comment:
Well....yes. There are other places in finance where unintuitive behavior occurs. I still remember my reaction the first time short selling was explained to me. "And that's legal!?"
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