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72 Comments
- picaman, on 10/12/2007, -4/+29Et tu, Fred?
- dgrgich, on 10/12/2007, -3/+27Ah - the accountant's Nuremberg defense. Almost as good as the Chewbacca defense.
- cannibaljp, on 10/12/2007, -3/+20uh... no - it wasn't french.
it was a reference to a play written by william shakespeare...
http://en.wikipedia.org/wiki/Et_tu,_Brute%3F
the fact that you didn't get it makes me quite sad.
On Topic: this is going to wind the anti-apple kids into a frenzy... and it all ignores the real story. big business is almost always up to no good.
period. - justnick, on 10/12/2007, -2/+17You read the article? You must be new here. Reading articles are a waste of time. Base all of your comments on the sensational title and brief descriptions. Also, no matter how much people prove you wrong, just stick to your opinion and don't change it. If all else fails, call them a troll or shill. Digg them down for not agreeing with you or having a different opinion than you even if what they say makes sense. Do that and you will fit in just fine here. Welcome to digg.
- clickmyface, on 10/12/2007, -6/+16Wow, well played Fred, well played. I'm sorry, he is the CHIEF FINANCIAL OFFICER and he thought Jobs was correct. I see, I see. No reason to bother, I dunno, doing your job to make sure things were in order?
I'm not great at reading PR from lawyers, but I really cant imagine that they didn't put this language in front of Apple first. Would Fred really burn bridges with Apple? Seems like a really horrible idea. More likely they are painting a picture with language so that the least damage to him happens. - mmaf, on 10/12/2007, -11/+20How will the worlds most glorified car salesman get himself out of this mess?
- totorototoro, on 10/12/2007, -6/+11"I'm just glad I never bought there stock"
Yeah, who would want to buy that stock? *rolleyes*
http://finance.yahoo.com/q/bc?s=AAPL&t=5y - AhmedB, on 10/12/2007, -3/+8I'm no legal expert here, but i don't think the 'he said/she said' strategy works with SEC. Unless there's proof that they were both in on it and that Anderson did it or let it through on Jobs' orders, I think it makes 0 difference to the SEC.
- chris9902, on 10/12/2007, -2/+7I didn't read what justnick said because it was more than 20 words but i'm sure he's a troll or shill and I'm not changing my opinion.
- Solstice, on 10/12/2007, -3/+8@wageslaven: What's wrong with a $2 bill? It's perfectly acceptable form of US currency. See:
http://en.wikipedia.org/wiki/United_States_two-dollar_bill - Trojan, on 10/12/2007, -3/+8It's the latter. This wasn't part of the settlement agreement. It's Thompson making a poor attempt at clarifying his guilt. As CFO, he's responsible for accounting errors and confirmatory information from the board.
Of course, it may also be true and the bitter break up between conspirators. In which case the feds will be on Jobs. Too bad. He's the soul reason Apple is what it is. - themonkielives, on 10/12/2007, -3/+8@hdtvdust
Worst case... He was the CFO, if Jobs said "Back date this stock grant", he should have said "No, thats not right, we can't do that", Jobs then said "Do it or your fired", he should have said "I quit!". But he didn't, he went through with it.
I think this is just ass covering on Anderson's part, but if there is evidence that Jobs was responsible then he should be prosecuted for it as well. - totorototoro, on 10/12/2007, -3/+8If this is Fred Anderson, talking to the SEC in return for a reduced sentence/leniency/cooperation, then Jobs is in real trouble, i.e. Anderson cut a deal so the SEC could go after bigger game.
If this is Fred Anderson, making a PR statement of innocence to get future job offers/clear his name, it doesn't affect Jobs any more than a 'he said, no, he said" dick waving session. - knelto, on 10/12/2007, -3/+8@jsp317
Well, I've got THEIR stock and I'm pretty sure it hasn't dropped like a rock and it's not going to. The days range was $91.30 (which is still higher than it's been the past few days) and $96.39 (which is about $2 shy of the 52-week high). Sure it ended down a bit, but after hours it's already up more than it lost today. I bet you'll be kicking yourself in a year or so when you realize you could have made a good investment. - cyclonus5150, on 10/12/2007, -2/+7There's really nothing else to see here folks. SEC announced yesterday that they have no plans to pursue this any further. You can bet you bottom dollar that they've heard all of this long before now and obviously decided that it didn't matter. Fred saying that Steve assured him of board approval doesn't really mean anything. For all we know, Steve got his assurances from someone else, probably the attorney. In the end, all that matters is what's on paper and the SEC has found that there's nothing there to pursue. They also made it clear that Apple had cooperated to the fullest and were satisfied that the company had put the proper safeguards in place to prevent anything like this in the future. The silliest part of all of this is that everyone with an interest in the company has made out like bandits since 2001 when all of this monkey business supposedly transpired given Apple's runaway success so where's the damage? What's the point?
- cubedude6491, on 10/12/2007, -7/+11as brilliant as he is, I don't think I can actually trust the man, he's just a crafty fellow.
- wonderchemist, on 10/12/2007, -8/+12The word blame appears nowhere in the article.
- streak, on 10/12/2007, -2/+6The SEC didn't prohibit him from working in that role. The SEC may not look down so kindly on Jobs, though.
- ccrook, on 10/12/2007, -0/+4@themonkielives
It's not illegal to backdate options, it only is if you fail to account for the difference in price the options would be exercised at, so it's unlikely the CFO "refused". It's very possible Jobs didn't know this - he's probably never taken an accounting course in his life. I would assume the CFO has some sort of accounting background. It could very well be that the board approved the back dating, because it IS legal, and that's all Jobs thought needed to be done, not knowing the nitty-gritty of what had to be done on the books to compensate for it. - monkeyrun, on 10/12/2007, -3/+7Actually the CFO (Fred Anderson) is responsible for spotting (and to a certain extend avoiding) things like these.
- streak, on 10/12/2007, -5/+8FYI: Anderson already has another job.
- h00ligan, on 10/12/2007, -4/+7latin
- inactive, on 10/12/2007, -4/+7Where Steve Jobs can resell used tires like no one else.
- inactive, on 10/12/2007, -1/+4That's funny all of the other mac holdouts _know_ they can't trust him.
- MacParrot, on 10/12/2007, -1/+4@digital
you said, "But I probably shouldn't have said that Apple's personal army controls most of digg regardless."
If that was true then why are all the nail Job's ass no matter if he's guilty or not being dugg up? General statements like that are foolish and untrue. But since when have trolls (pro or anti-Apple) let a little thing like facts bother them?
If this is true AND is provable, then Jobs could be in trouble. If all the SEC has is the word of Fred, then nothing will happen. That's the way the world works kids and no amount of salivating over seeing Steve in an orange jumpsuit will change it. Martha went to jail because what she did was illegal and the evidence proved it. We'll see if the same can be done with this case. - inactive, on 10/12/2007, -3/+6greed lies - idiots!
- Boondoggle, on 10/12/2007, -1/+3Your expectations are significantly out of sync with reality. You are celebrating early, and in error. But that goes with being a rabid ninny I suppose.
- inactive, on 10/12/2007, -2/+4So, that means that Steve Jobs shouldn't have known as well?
- Boondoggle, on 10/12/2007, -0/+2Andersen made no legal comments. They're just plain comments without any substantiating (at this point) evidence. Smart money says there never will be any.
- slantyeyed, on 10/12/2007, -2/+4if you don't know where that reference came from, you shouldn't be posting responses, lol
- digitalarcanum, on 10/12/2007, -7/+9I hate him too. apple followers make him out to be the god of computing. He's no better than the CEO of any other major computer company. But I probably shouldn't have said that Apple's personal army controls most of digg regardless.
- Inqu, on 10/12/2007, -0/+2because those are the SEC's obvious areas of expertise instead of catching Corporate criminals?
edit: bah, didn't refresh before submitting - Boondoggle, on 10/12/2007, -0/+1Prepare for disappointment.
- Boondoggle, on 10/12/2007, -0/+1You are so totally wrong.
The stock is up. Wall street can spot this as *****.
I've got 1000 shares. I paid around $15 each for them. Know what they're worth today smart boy? - digitalarcanum, on 10/12/2007, -2/+3what about that legendary reality distortion field he has?
- cannibaljp, on 10/12/2007, -0/+1@ justnick:
you forgot to mention that if you sound like you are supporting a company in any way...
you are a fanboy.
today. tomorrow. forever. - Boondoggle, on 10/12/2007, -0/+1Check the stock. Wall Street is not worried. And wall street is usually right.
- MacParrot, on 10/12/2007, -2/+3He won't be sorry knelto because he would actually have to have bought stock...in anything...and have a paying job
- RagdollOp, on 02/02/2008, -0/+1He still sucks!!!!!!!!!!
- superrcat, on 10/12/2007, -0/+1"Look at me. I'm a lawyer defending a major record company, and I'm talkin' about Chewbacca! Does that make sense? Ladies and gentlemen, I am not making any sense! None of this makes sense!"
- esoteric0, on 10/12/2007, -2/+3wow, i didn't realize the SEC handled those types of cases.
watch out everybody, the SEC is going to be breaking down your door for torrenting that episode of pokemon. - Scoresheet, on 10/10/2007, -0/+1Actually, YOU'RE wrong too. It's meant to be Julius Caesar's last words, around 1600 years before shakespeare wrote the play.
- crazyboy1121, on 10/12/2007, -0/+1He is just mad that he isn't going to get a free iPhone now...
- LeeSoong, on 10/12/2007, -0/+1New Apple Products?
iLied,
iStoleIt,
iMscrewed. - Swift2, on 10/12/2007, -4/+4So, let me see. He settles with the SEC, and after he's done so, he says that Steve Jobs made him do it.
And this is credible because--?
It's just one guy saying, "We said this to each other. Conveniently, this is what the SEC asked me to do: roll over. Maybe for a lesser fine. No, really, he said that."
Unless there's more, it's just one guy saying something that just happens to be self-serving, and maybe also true. Or untrue.
To get Jobs on some kind of criminal activity, they'd have to prove intent to defraud. They won't have that.
Even if, eventually, Jobs himself has to pay a fine, what are the odds of the BoD firing him? Answer? Zero. What about a shareholder revolt? What, are they crazy? Shareholders have made billions from Jobs' second tenure at Apple. Will they fire him? No. Are you crazy?
No, you've got two financial types who will pay fines. There may be a shareholder suit they have to pay off someday. Meanwhile, if they sell a million iPhones in the first few months, which idiot shareholder will hold out for him stepping down?
The tightened SEC started after all those fraudulent financial statements at the end of the 1st Internet boom, and particularly by Enron. So they cracked down. These offenses: did they happen before the new law? Just asking. - inactive, on 10/12/2007, -4/+4@streak
He now works as the managing director of his own company. I bet that was hard to get. - cambrown99, on 10/12/2007, -3/+3narc
- Cooperjones, on 10/12/2007, -4/+3I understood the Shakespeare comment. I don't understand the legal comments by Anderson. If Anderson falsified documents as CFO, then why is he trying to nail Jobs on the way down now? All I know is I can't wait for my iPhone and Apple is the Bauhaus (school of design) for the 21st Century.
- slantyeyed, on 10/12/2007, -4/+3[sarcasm]thou shall not blaspheme on anything apple[/sarcasm]
- robdiggity, on 10/12/2007, -2/+1"Ine juss keeeding!!"
Oh, my bad, that's Fred Armisen. -
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