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Apple's Steve Jobs likely to avoid criminal charges in options probe

mercurynews.com — the reasons Steve jobs will Not be criminally charged by the govt for stock option fraud is because,,

Who dugg this? Made popular Apr 22, 2007

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  • lagrange, on 10/12/2007, -6/+19Jail is for the little people.
  • inactive, on 10/12/2007, -4/+12CEO trying to rig market quotes and number shares and inflated stock-options to line CEO's pocket

    Thats a paddling !!
  • inactive, on 10/12/2007, -23/+30Obviously Jobs' dick in your mouth prevented you from reading hte article. It says he CLEARLY DID authorize the backdating. Just that he didn't do it for his own shares, or try to cover it up.

    If you think this clears Jobs of all wrongdoing, just keep reminding yourself that he will never let you swallow.
  • RemyLogan, on 10/12/2007, -4/+11A good historical review of what happened and why.
  • inactive, on 10/12/2007, -19/+25Another CEO getting away with stuff the average person would not.

    No wonder these machines are overpriced.
  • BLACKEAGLE, on 10/12/2007, -3/+8send that hippie to jail!
  • abadbronc, on 10/12/2007, -8/+12Who the ***** is Steve Jobs?
  • Toast1185, on 10/12/2007, -4/+8Dugg for a lead-in that required me reading the article.
    It's because they could not find sufficient evidence to link Jobs to the actual backdating operation or an attempt to cover it up.
  • inactive, on 10/12/2007, -6/+9Too bad, I was looking foward to him going to "federal pound me in the ass prison".
  • RandomGuySteve, on 10/12/2007, -6/+9Oh, we are so quick to defend him, yes we are.

    Can't have .. gasp.. JOBS.. attacked on the message boards!

    *Man the internets, it's all out war*
  • inactive, on 10/12/2007, -3/+6Backdating is not NECESSARILY illegal. But what Apple did very well may have been illegal, which is why the company is still under investigation. This by NO means is the same as saying that Apple's backdating was legal.
  • WiZZLa, on 10/12/2007, -6/+9Dugg by robdazomba:

    The New iMac - why the rumors are true, New iMac photo leaked?, Market Share Myth 2007: iPod vs Zune and Mac vs PC, Apple has a 10x headstart in the digital living room, Developers choose Mac over PC!, NPR discusses Steve Jobs anti-DRM post (listen online), Zune continues its freefall on Amazon.com

    Only 1 out of 10 aren't Apple related.
  • digitalarcanum, on 10/12/2007, -3/+6just remember that for every irrational apple-hating user there's at least one iZealot who will tell you to go make love to your windows box when you point out real faults and problems with mac OSX.
  • gmillerd, on 10/12/2007, -3/+6He never lied to investigators, Martha did. If he did lie he would go without a doubt.
  • inactive, on 10/12/2007, -7/+9cmer...so, that is your answer to illegal activities by a coproation? Just don't buy?

    hey everybody..cmer says that all corporate bigwigs are above the law. The only "punishment" they should ever receive is that consumers don't buy their products.

    Then again, somethings tells me that cmer would only apply this to Apple.
  • inactive, on 10/12/2007, -4/+6cmer assume you worked for Apple, and book cooking and stock scams ***** Apple and they went down as the next Enron. Would you have the same sentiment? People like that lost everything.

    If there is even a shred of wrongdoing within those corporate offices, they should go right to jail.
  • inactive, on 10/12/2007, -6/+8Jobs and Apple were no doubt padding, this guy should ***** goto jail. If Martha Stewart can goto jail this guy should too.

    Plus, when he gets sodomized by his cell mate it won't hurt cause I'm sure he has had many a ***** in there already.
  • dankCIA, on 10/12/2007, -1/+2Nothing new here. Countless numbers of companies have used back dating of options, it was a trend that at the time seemed harmless and only became an issue years later when some of those stock options were exercised and some executives made off like bandits. Although Jobs did something "wrong" by approving the backdating he didn't do what many others did : deny it and try to cover it up. Thats why he isn't going to face criminal charges.
  • eugenef, on 10/12/2007, -1/+2good video, the dude is kind of annoying, but not bad. Also the final decision... meh
  • inactive, on 10/12/2007, -5/+5No...it is that he didn't authorize it being done to his own stocks. NOT that there is no evidence that he authorized it at all. Apple ADMITS he approved it.
  • cmer, on 10/12/2007, -7/+8If you are not happy with the way Apple is conducting business, you are free to not buy Apple merchandise or stocks.

  • deanlowe, on 10/12/2007, -2/+3"His remaining restricted shares are worth about $496 million."
    "Had he held on to all of his options, they would be in the money by about $4 billion right now, even if the 2001 grant had been given the December date."

    Should people feel happy for a guy that made $500 million or feel sorry for him because he lost $3.5 billion?
  • aristotle0dude, on 10/12/2007, -3/+3Don't mind hdtvdust. He's just a frustrated closet case who seems to be obsessed with Steve Job's junk for some reason and feels the need to tell everyone about it.
  • slugicide, on 10/12/2007, -4/+4The reasons is?
  • superkendall, on 10/12/2007, -4/+4What the article CLEARLY SAYS is the board approved the backdating, not jobs personally. Hard to mess that up but I guess a strong enough hatred of Jobs is its own reality distorition field.
  • inactive, on 10/12/2007, -6/+5u,mmm,,,rob...apple fanboy...Why do you think Apple is UNDER INVESTIGATION in the first place? Becuase there is evidence that the backdating that Apple did IS illegal.

    And it is amazing that someone who claims to not be an Apple fan would know so much about the company. I guess you got it from all the Digg stories you have dugg. (I mean, you even dugg a ROUGHLYDRAFTED article! And you claim to not be a fanoby!"
  • theeXguy, on 10/12/2007, -6/+5Well, I mean it's not like anyone lost their shirt in there. I don't think this would warrant criminal charges. Then again, people have criminal charges brought against them for less than that.
  • inkswamp, on 10/12/2007, -5/+4I've been following this story as it has developed and if I understand it, backdating stocks isn't against the law so Jobs did nothing wrong in authorizing it. It happens all the time. What's illegal is when there are attempts to hide the backdating or interference with investigations of them. Show me some reference that says backdating stocks is illegal. I'm curious why you think that's the crime that was committed here.

    I'm looking over your comments here and you should just admit it. You don't know what you're talking about and you're very hot to jump all over Steve Jobs and proclaim his guilt when you have no reason to do so. Why would that be?
  • flag564, on 10/12/2007, -9/+8Pro Apple?

    More like pro corporate fraud.

    If this was a low wage nobody, how much you want to bet the cover for Jobs folks wouldn't be so quick to rush in to save him.
  • flag564, on 10/12/2007, -6/+5"If there is even a shred of wrongdoing within those corporate offices, they should go right to jail."

    Not unless that company is Apple apparently.
  • inactive, on 10/12/2007, -5/+4rob...nice try at a "save Steve Jobs comeback" but it doesn't make any sense. As if people in federal pentiteniarys are going on Digg.com.
  • Legato, on 10/12/2007, -2/+1oooh, i thought this was about another steve jobs... nvm
  • inactive, on 10/12/2007, -10/+9rob...I know you are an Apple fanboy, but can you read? The article clearly says that Apple ACKNOWLEDGES that Jobs authorized the backdating of hte stocks.

    My comment was 100% pure facts. If you consider facts to be irrational, that is YOU life problem, not mine.

    And by the way, your ***** lie trying to come off as a Windows user who just doesn't like anti-Apple people would play off a little better if not for your OBVIOUSLY lovefest with Jobs' ***** as shown by your history on Digg...or did you forget how easy it would be to check that?

    "I'm no Apple fanboy by ANY means...it is just that 100% of my dugg sotries are all ridiculously biased pro-Apple submissions..."
  • inactive, on 10/12/2007, -4/+3Well they certainly haven't seen Office Space, thats for sure.
  • cmer, on 10/12/2007, -3/+2If Jobs did something illegal, I'm sure he will be punished for it. Accusing without all the facts, knowledge and competence is not something I do. And yes, if he really did something illegal, I hope he is punished (and I know he will). From the information I have, however, it was a screw up, and he never made a penny out of it.
  • ronaldst, on 10/12/2007, -3/+2He'll use his jedi mind tricks to get out of that mess.
  • inkswamp, on 10/12/2007, -5/+4@robdazombe,

    Exactly! I wonder why the assumption is that backdating stocks is the illegal part here. It's very telling that hdtvdust is so convinced that backdating is illegal and is all over this thread saying so. From what I've read, it's not and happens all the time. What's illegal is keeping it secret and the article says Jobs was not involved in that.
  • superkendall, on 10/12/2007, -2/+1Exactly - what Martha did would not have landed her in jail if she had not lied about it. Apple and Jobs are being open about what happened, which is exactly why there is little chance of anyone going to jail over it.

    The law does reocognize differences between honest mistakes and attempts to deceive.

    Jobs and/or Apple may well have some kind of fine leveled at them though, which is more appropriate than jail time in this case (and also in the case of Martha, had she not lied).
  • cmilki, on 10/12/2007, -4/+3Corporations and its employees are protected by a little thing called "Corporate Veil" (Although we now have laws preventing some of the stuff they can get away with).
  • inkswamp, on 10/12/2007, -3/+2"I'm the government. Mind tricks don't work on me... only money."
  • inactive, on 10/12/2007, -10/+8How do you know no one lost their shirt? Because it is Apple and you want to suck his *****? EVery single penny that the Apple execs got that they shouldn't have came from SOMEONE ELSE. As in the everyday shareholder.
  • inactive, on 10/12/2007, -9/+7Yeah, nice try, ink...even most Appel users are not going to be positive to a story that talks about Apple's ACKNOWLEDGED backdating of stocks...authorized by Jobs.

    Anyone in their right mind (obviously you do not fall into this cateogy) would bury pro-Apple comments in regards to this.
  • inkswamp, on 10/12/2007, -14/+12Which will be, as we're already seeing below, totally ignored by Mac haters who will rant pointlessly about Jobs getting away with murder when the article points out that there's no reasonable cause for implicating him in any of it.

    Just another day on Digg.
  • aristotle0dude, on 10/12/2007, -4/+2@hdtvdust: Keep you ***** sucking fantasies to yourself there queer boy. Why is is that there always has to be some windows using closet ***** bringing up sucking Job's *****? Why are you windows users so damn fascinated by the dick of some middle aged California millionaire? Why do you think the rest of the internet is interested in hearing about your obsession?

    *Newsflash*
    Most of us straight people live by the don't ask, don't tell. What gets you off is you own damn business, nobody wants to hear about it. I live by the live and let live approach to life. I'll let God sort it out in the end.
  • rolf, on 10/12/2007, -5/+3hdtvdust,

    You comments on this thread are becoming annoying after I read the same thing from you for the 50th time. Backdating stocks itself is not illegal, hence Steve Jobs is not going to charged with anything.

    Stop with the Apple FUD already.
  • inactive, on 10/12/2007, -6/+4Obviously, with their expensive ass computers.
  • CogitatorX, on 10/12/2007, -7/+5damn, man you've got some kind of problem with the sucking Jobs' dick thing. Apple's just another corporation out of millions trying to score a buck.
  • inactive, on 10/12/2007, -7/+4I have no problem with Apple. They are entitled to sell inferior quality good and inflated prices all they want. I have to problem iwth hte Digg fanboys who line up to suck his *****, and for some reason thnk it makes htem SMARTER than everyone else.
  • inactive, on 10/12/2007, -4/+1"I do not want to go to any prison!"
  • robdazomba, on 10/12/2007, -6/+3Right because then you'd finally have something in common with him.
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