Apple’s Option Imbroglio: What Jobs Didn’t Know, and When He Didn’t Know It

I have largely ignored Apple’s current stock option imbroglio — the market seems intent on getting past it, so far be it from me to get in the way — but am I the only one not entirely buying the select board committee’s report? They have changed their description without much explanation: Originally Jobs supposedly knew about the backdated options, but he didn’t influence or benefit; now he knew and influenced it, but still didn’t benefit.

Hmmm.

More broadly, much of the stock option witchhunt is just that, a witchhunt: A hunt for the superficially guilty without any intruding thought about motives or consequences. That said, I’m still amazed that there are people out there who apparently believe that the micromanaging Mr Jobs didn’t know more than it currently seems about his own compensation at Apple. It all comes to that old phrase, What didn’t Jobs know, and when did he (allegedly) not know it?

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  3. Eddie Lampert as the Steve Jobs of Investing
  4. Jobs, Jobs, Jobs!
  5. Steve Jobs Doesn’t Get Network Effects