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117 Comments
- GabrielS, on 10/12/2007, -30/+106Wow, an internal Apple probe found no CURRENT management at fault, but it did find two FORMER managers at fault.
Color me surprised. I can't believe a group investigating itself would find itself without fault. - Odiwan, on 10/12/2007, -28/+88I find your lack of faith disturbing.
- macfanboi, on 10/12/2007, -16/+62Arthur Andersen found no wrong doings with Enron.
- MikeOSX, on 10/12/2007, -24/+67An internal investigation doesnt mean that Apple was investigating itself. It means Apple sought out and hired the investigation agencies to do the job. It's a completely independant company.
- AWBoy666, on 10/12/2007, -13/+50The title of this story is incredibly inaccurate. They were cleared by a private investigation by a company hired by Apple. They are still not cleared in any way by the SEC or any other federal agencies. Furthermore, Jobs has hired his own attorney instead of the Apple one to represent him in the case which is a strange move.
Jobs is not clear in any way. Marked as inaccurate. - GabrielS, on 10/12/2007, -16/+35The internal investigation was controlled and directed by members of the Apple board. That's Apple.
- colincornaby, on 10/12/2007, -7/+23He didn't make any profit from the shares and gave them back as soon as he found out what happened. What are they going to sue him for? Making no money and fixing problems as soon as he becomes aware of them? And besides, what motivation would he have to secretly do this? The guy's a billionaire, who voluntarily works for Apple for a $1 a year, and owns a huge chunk of Disney and just sold Pixar to them. Jobs wouldn't risk getting himself in hot water over such a small amount of wealth compared to what he is worth.
- SpottyLayton, on 10/12/2007, -9/+25Reminds of a galaxy far, far away...
Stormtrooper: Let me see your identification.
Obi-Wan: [with a small wave of his hand] You don't need to see his identification.
Stormtrooper: We don't need to see his identification.
Obi-Wan: These aren't the droids you're looking for.
Stormtrooper: These aren't the droids we're looking for.
Obi-Wan: He can go about his business.
Stormtrooper: You can go about your business.
Obi-Wan: Move along.
Stormtrooper: Move along... move along. - m00kie, on 10/12/2007, -4/+13About the same odds as OJ getting time for killing Nicole and Ron Goldman
- zang74, on 10/12/2007, -2/+10Flag; do you really think there's a media conspiracy to hide everything negative about apple? And if so, do you realize how crazy that makes you sound? Oh no, a story you really liked and most people thought was complete and utter BS doesn't make it to the front page; it must be a conspiracy by Apple fans to hide everything!
Get real. You can't seriously believe that Apple users outnumber PC users on Digg. I'm sorry, but either that 5% market share you so often mention is either the largest vocal minority on the web, or you are another in a line of McCarthyist alarmists, sensationalizing every little thing as a conspiracy against the majority. Dude, get over yourself. People digg stuff they want to read; there's no "digg club" that gets together to hide anything that flag564 would like to see. - eyesee360, on 10/12/2007, -0/+8From Apple's 10K filing:
"The Investigative Team spent over 26,500 person-hours searching more than one million physical and electronic documents and interviewing more than 40 current and former directors, officers, employees, and advisors."
That's quite a 'rudimentary' investigation. - strictnein, on 10/12/2007, -4/+12"The guy's a billionaire, who voluntarily works for Apple for a $1 a year"
Because he owns 0 shares of Apple stock, right? Oh wait, no, he still owns a ton of their stock so Apple doing well = him doing well. And there are plenty of execs who pull down $1 salaries. They just get big bonuses and stock options. - zang74, on 10/12/2007, -1/+9Wow, personal insults in poor taste directed to an entire community of computer users. Yes, that gets you respect. No, wait.. That makes you a troll.
- aristotle0dude, on 10/12/2007, -1/+8Who the hell keeps on digging down statements like ndelc made? They are factual. Do you anti-apple fanboys have a problem with facts? The CFO (Chief Financial Officer) is responsible for accounting practices. Unless you can find evidence that Jobs was orchestrating a great conspiracy to defraud the shareholder, I would say that you critics do not have a leg to stand on.
- colincornaby, on 10/12/2007, -2/+8"For creating the iPod? or iMacs? yea he's really had such an impact (/s), riding on the coattails of Woz's brilliance."
Marketers are important too. Ford didn't invent the car, but he's famous for how he marketed them. - djSyndrome, on 10/12/2007, -3/+9He'll be on trial beginning February 30th.
- ndelc, on 10/12/2007, -3/+9"For creating the iPod? or iMacs? yea he's really had such an impact (/s), riding on the coattails of Woz's brilliance."
Sorry, but as brilliant as Woz is, he would be about as well known as the guy who designed the original Altair, Commodore, or TRS-80. Jobs was the one responsible for bringing Woz's creation to the people. Woz only wanted to sell to hobbyists. Steve Jobs was the visionary who knew what giving EVERYONE a computer could create.
Do a little reading. It's amazing what you can learn. - ThinkFr33ly, on 10/12/2007, -0/+5He pays capital gains tax, which is 15%.
That's a LOT less than the 35% (Federal) + 9.3% (CA State) taxes he would normally have to pay. - tadunne, on 10/12/2007, -0/+5flag564..
Dude, you are amazingly anti Apple!? Wanna talk about it? I'm interested were this hate comes from? Maybe a childhood incident.. unless you're still a child? - zang74, on 10/12/2007, -2/+7He pays taxes on the profits he makes selling stocks, y'now.
- tekz0r, on 10/12/2007, -2/+7having worked as an accountant, and having spoken to numerous prior professors about how things really go down makes it easy for me to say that if someone who is paying me wants me to value something at a certain price, you can bet your ass he'll get his way.
and there are millions like me out there. i don't mean to be a skeptic or anti-mac but there's probably a reason why nothing was found. - strictnein, on 10/12/2007, -3/+7@Jaycliche:
From wikipedia:
On 1999-03-09, during an interview on CNN's Late Edition with Wolf Blitzer, Gore said,
"During my service in the United States Congress I took the initiative in creating the internet."
Not a quote from the 70's. A quote from when he was getting in gear to run for President in 2000.
I'm just curious. If I told you I created Product X, would you infer from that that I invented Product X? I think you would, as would most reasonable people. - jaycliche, on 10/12/2007, -0/+4That is bizarre about Gore though....had no idea.
Still not like having a buddy called "Kenny Boy" though is it? - ndelc, on 10/12/2007, -1/+5No charges have been filed, Einstein. Apple employees found the inconsistencies in question. The board hired a third party investigative group to look into it. That group found that two former executives were to blame for the inconsistencies, and turned their findings over to the SEC. No government agency has investigated it. Apple started the probe of their own volition. No charges have been filed against anyone, not even the two former executives. No one has been accused of even breaking the law. It's entirely possible that it was an honest mistake. Unlikely, but possible.
Obviously you have no idea what the facts are in this situation, so why bother posting? - deanlowe, on 10/12/2007, -0/+4The 10 Millions shares he got is nothing to sneeze at.
- majordannyboy, on 10/12/2007, -5/+9Wow, Al Gore and Jerome York found Apple Execs clear of any wrong doing. Well then it is settled, buy more Apple Stocks.
Oh did I forget to mention that both Gore and York are Apple board members? - zang74, on 10/12/2007, -1/+5That's because there have been NO charges made by the SEC.
- tadunne, on 10/12/2007, -0/+4Ok maybe I was being a bit off topic. I was just refering to flag564 being all over any negative Apple story like a rash. Just look at his history.. it's quite "Impressive" This man is on a mission!
- tktk, on 10/12/2007, -0/+4When the sweatshop allegations came up, I talked to a daytrader friend about the stock going up and then down. He said it went down because people who worried about the sweatshops sold their stock. But then the investors who didn't care bought those shares up again a day or two later. In fact, he said that the sweatshop allegations probably improved Apple's image with a small minority of investors who wanted to see Apple a bit more cutthroat when it came down to business. I guess those investors imagined happy little hippies putting together iPod and Macs on a farm.
In any case, it's good to remember that the average digg / slashdot reader is nothing like the average investor. And when the stock market is completely unpredictable, everyone just labels the phenomenon irrational exuberance. - zang74, on 10/12/2007, -1/+5"Their a plenty of Apple users in newsrooms around the country. That is not news."
And there are plenty of PC users too. I'd venture to say more than Mac users. Hell, Avid machines used to be Mac based. Well, they aren't any more, they're based on PC hardware. Adobe Premiere (Now PC only) still outranks Final Cut Pro (Mac only) in television production. As someone who works in marketing, my own experience has shown that a lot of print houses and newspapers also run PC; Aside from design houses (who really don't have final say about anything that goes on the air or out in print), PCs usually outnumber Macs, even in the media world.
If you're going to make outrageous claims, back it up. Find me proof that the Mac users outnumber PC users in the media.
"You think Im the only one who says this?"
You're certainly the most vocal, the most adversarial, accusatory, ignorant and insulting one who does.
"Conspiracy? They are very open about it."
Find me proof Flag. You know proof, right? It's that thing you so often avoid showing when asked for it. Show me a forum posting where someone says "alright Apple users, let's go wipe everything anti-Apple off of digg!" It just doesn't happen except maybe in your mind, that for some odd reason, has severe problems with Apple being successful at something. Don't BS and say this is about Apple fans; as a non-Apple user who dislikes Apple fans, you'd be avoiding Apple stories if that were the case. Don't like Apple users and Apple stories; DON'T READ THEM. You can even block them with that handy checkbox in your topic selections. Why don't you do that, Flag? Many of us here would like to know.
"They don't outnumber anyone, but while PC users have stories scattered amoung several different categories, which makes it difficult for one story to get enough views to get promoted, Apple stories have ONE section where the fankids can auto digg every one of them with ease."
One section that can be blocked by you, if you don't like the stories.
"Um, their has been many stories detailing ow Digg is rigged by people to promote certain stories, you may want to read them someday."
Yes, and the majority of them occurred over 8 months ago, prior to changes in algorithms, and methods for determining spammers and gamers. If this is happening today, somehow it's only Apple users doing it? Get real. The majority of computer users are on PCs, but they're all respectful of Digg?
There's no group newsletter for Apple users. FFS, I'm an Apple user and I couldn't tell you one speck about how to game Digg.
"You mean like stories that don't involve what Jobs ate for dinner today?"
Find me that story on Digg and I'll mail you $50. You sensationalize and exaggerate everything, almost always at the expense of Apple or for the promotion of MS. Don't like it here at Digg? DON'T BE HERE. Slashdot's over that way --> Hell, start your own site, man. The ones who complain the most are always the ones completely unwilling to change their situation. - insomniac8400, on 10/12/2007, -0/+4How is the site biased? People submit stories and vote for them, not digg.
- ndelc, on 10/12/2007, -2/+6"Sad statement. So Jobs was consciously aware of what he was doing, he just didn't know it was illegal. Since ignorance of law is not a legal defense, I'd say this statement is going to put him in jail."
Not exactly. Back-dating is not illegal, as long as it's reported correctly. Jobs was aware that the back-dating occurred, but not that it wasn't being recorded correctly. He has a team of executives in place who are responsible for taking care of such things. Fred Anderson was the CFO at the time. Ensuring that the options are recorded correctly is his responsibility, so if anyone gets in trouble for this, it will be him. He retired from his CFO position a couple years ago, and because of this problem, he resigned from his position on the board. - wilhoitm, on 10/12/2007, -4/+8Steve Jobs salary at Apple is only $1 a year. Give him a break!
- Geoserv, on 10/12/2007, -2/+5I'm finding it hard to keep this whole story straight. What are the chances Jobs will face charges?
- snowwrestler, on 10/12/2007, -0/+3The real news here is that Apple finally filed their annual and Q3 financial statements. These statements happened to include the results of their own investigation into the matter--the reason they were late in the first place.
Believe it or not the SEC will not throw away these results just because the company paid for the investigation. Whether it affects the federal investigations depends on what exactly the report says. The whole point of an investigation is to bring a conviction. If Apple shows that it will be very difficult to get that the SEC might divert resources to one of their other cases. - winnch, on 10/12/2007, -0/+3>Furthermore, Jobs has hired his own attorney instead of the Apple one to represent him in the case which is a strange move.
There is absolutely nothing strange about retaining an attorney in any matter. And certainly hiring a lawyer is the first thing you would do in any situation like this. Finally, hiring an outside attorney is pretty standard procedure for a variety of reasons. There could be a conflict of interest if Steve Jobs were to retain an Apple attorney. At the end of the day, these options were pretty small and I find it hard to believe a multi-billionaire would risk his company to make some tens of millions. - johnpaul191, on 10/12/2007, -0/+3there was some legal loophole that supposedly made some of this stuff legal... at least to some interpretation? i am not saying that was the situation here, or that it is an excuse, but that law was recently clarified (by congress or the courts?) and that's why suddenly a lot of companies are in the same situation.
i don't have intimate knowledge of this stuff, i saw a segment about it on CNN a while back. their focus was some other company that is/was being investigated, but they also mentioned Apple as one of the handful of companies being looked at. Apple is the only name that stuck in my head.
i know on NPR i also heard that this "loophole" was started by just a few financial people and as they hopped from company to company, or worked on their respective books they spread this "new loophole". the NPR show had somebody that was trying to trace it back to where it began. Apple was just one of many companies that he mentioned. - zang74, on 10/12/2007, -3/+6No, no. It's a conspiracy by Apple and Apple fans to exonerate Steve Jobs of every sin under the sun. So, somehow the investigation MUST be falsified and misleading. It MUST be! Flag says so.
- Feanor, on 10/12/2007, -0/+3@merien
Pope Urban II - initiated the crusades in the 11th century. - schestowitz, on 10/12/2007, -1/+4With All the Focus on Apple's Options Issues, When Will We Hear About
Microsoft's?
,----[ Quote ]
| But we haven't heard anything about Microsoft's similar practice,
| as documented in the Wall Street Journal this summer. Further, some
| have said that the practice at Apple was actually initially pioneered
| by Deloitte and Touche, Microsoft's auditor.
`----
http://biz.yahoo.com/seekingalpha/061228/23176_id.html?.v=1 - alternative724, on 10/12/2007, -6/+9hey stupid.
go swallow a knife - superKduper, on 10/12/2007, -4/+7Steve Jobs $1/year salary is a SCAM to beat payroll taxes. See, there are no payroll taxes on stock option profit. So while you and I have to pay social security tax, Steve Jobs doesn't. What a great man he is!
- johnpaul191, on 10/12/2007, -4/+7as brilliant as Woz is, it also takes somebody with charisma or presence like SJ to convince people to take a chance on their out of the box thinking. thinking back to the early Apple days, they were really up against a pinstripe suit wearing wall. IBM was the powerhouse of computing, and they were a pretty formal corporation. i'm sure that history has lost many great inventions and designs because when they were presented to some suit at a bank or corporation or whatever they were disregarded and ignored. sad but true. that being said, Steve Jobs is not stupid. he knows what he is selling. blowing him off as a crafty salesman is to massively underestimate him.
- colincornaby, on 10/12/2007, -3/+6"That's $1 per year *salary*. He also gets -- surprise -- stock options which he can exercise for money."
So even then, these stock options that he gave back are insignificant to the stock options he gets as CEO. Why would he go through the potential trouble over getting these shares? - jaycliche, on 10/12/2007, -2/+5Still better than any exec at any oil company. He is squeky clean in comparison with many or his other peer CEOs.
- prammy, on 10/12/2007, -1/+4Capital Gains Tax has to be paid.
- joshuakulpa, on 10/12/2007, -0/+3"Scam?" More like smart money management. The government doesn't charge taxes on stock options profits for a reason : it's helping the economy to have the money there. Of course, once you take that money out you have to pay taxes on it. Why must you slam someone who does better than yourself?
- aristotle0dude, on 10/12/2007, -0/+2I've got a question for you insomniac8400, why would you expect the CEO to do the job of his CFO? Shouldn't the CFO be responsible for financial matters? Did Jobs make money directly on all of this? No.
- thebeck, on 10/12/2007, -0/+2Everyone in Apple are going to make damn sure Steve Jobs is cleared of any wrong doing, regardless. Their future depends on it. If Apple weren't doing so well Steve would be hung out to dry.
- zang74, on 10/12/2007, -3/+5Sure, but he also takes the risk that those options will be useless when it comes time to selling them.
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