Should the SEC be investigating the circumstances around Apple revealing Steve Jobs' health issues?

admin
|
February 03, 2009
Share

Comments (17)

Benjamin Dobson | February 03, 2009 - 6:14am

I think while they ought to make sure Apple wasn't deliberately lying about the matter, that is as far as it should go.

9to5Mac Noob (not verified) | February 03, 2009 - 2:54pm

KA

youre exactly right. but if anything comes up, they should definitely look into it more, seeing as its a crime to with hold important information like that from stock holders.

talkingfuture.com (not verified) | February 03, 2009 - 6:26am

As long as it wasn't done to manipulate the share price its a private matter.

9to5Mac Noob (not verified) | February 03, 2009 - 6:50am

The government needs to be Investigated on the way they do business. That's what people need to worry about and not worry about the small stuff.

9to5Mac SECs (not verified) | February 04, 2009 - 2:00am

couldn't agree more!!!! where was the SEC with so many other mega scandals? and where exactly lies the maniputation of stock re:AAPL? over the years to me it appears to have been continually exploited by analysts/investors/nasdaq. what was the SEC doing then?

powers | February 03, 2009 - 7:33am

No harm found, no harm done. 

9to5Mac Noob (not verified) | February 03, 2009 - 7:43am

I know the fan boys instantly want to defend all that is apple (and H*ll I'm one of em!) but it just seems to coincidental, one day its a protein issue, then it's cancer? The stock is HEAVILY invested in the company's CEO and trademark leader. It makes sense they could have lied, and they need to check into it. Let's hope its all clear!

9to5Mac Noob (not verified) | February 03, 2009 - 9:25am

So what if they didn't reveal his health issues? What specific laws were broken, or what rights were violated?

The fact is that that people have health issues all the time. The important point for Apple, as with any organization, is to make sure there is a solid leadership plan regardless of what happens to anyone.

So Steve Jobs has well known health issues. It was well known that he was diagnosed with pancreatic cancer a few years ago.

As a shareholder, do you think there was an effort by someone within the company to make financial gains from the situation, and what exactly are your "unexpected" losses, and how were they unexpected?

9to5Mac Noob (not verified) | February 05, 2009 - 2:29am

I was NOT defending Apple or Steve Jobs. What I'm saying is that people always want to blame someone else because them, them selfs made a wrong decision on something. That's exactly what's wrong in this country today. As far as Steve Jobs goes, the man is sick and has enough to deal with as it is. People need to go out and get a life. If they want a "crusade" they need to worry about the way our country is being ran. With all this SEC stuff going on, now they are talking about giving them incentives to catch the crooks, like Madof. Hey how about the incentive that if you don't do your job, your fired. Wake up America and start using a little common sense.

9to5Mac Noob (not verified) | February 03, 2009 - 8:13am

HIPAA regulations say he doesn't have to tell anyone about his health. The only thing he has to do in regards to SEC regulations is step down when he can no longer perform his job. He did that. There doesn't seem to be a reason to investigate anything. He can lie about his health all he wants.

9to5Mac Noob (not verified) | February 03, 2009 - 9:00am

He could be hit by a bus tomorrow. The fact is that any well-run company needs to have a plan for an unexpected "departure" of anyone.

Since no one knew of his condition, it seems that the market had a consistent view of his health, and therefore no one had an unfair advantage or disadvantage in terms of the stock price. However, if an insider knew and was able to manipulate his/her holdings given this knowledge, than that's a different story. I haven't heard of any speculation regarding such manipulation.

ChampagneBob (not verified) | February 03, 2009 - 9:07am

Steve Jobs health is one of the most highly publicized information on the internet. How could any informed investor not be aware of the possible circumstances based on the thousands of written articles on the subject. It's almost impossible not to have read or seen some of these articles that appeared daily on radio, tv, internet, blogs, newspapers, magazines and assorted news groups.... what rock would one have to live under to not be aware of the health issues and multiple guesses about the nature or gravity of his illness.

The SEC has plenty of real issues to look into that are factual/criminal and need attention..... where is the outrage over the political contivances and omissions of corporate America?

ChampagneBob (not verified) | February 03, 2009 - 9:08am

Steve Jobs health is one of the most highly publicized information on the internet. How could any informed investor not be aware of the possible circumstances based on the thousands of written articles on the subject. It's almost impossible not to have read or seen some of these articles that appeared daily on radio, tv, internet, blogs, newspapers, magazines and assorted news groups.... what rock would one have to live under to not be aware of the health issues and multiple guesses about the nature or gravity of his illness.

The SEC has plenty of real issues to look into that are factual/criminal and need attention..... where is the outrage over the political contivances and omissions of corporate America?

GQB (not verified) | February 03, 2009 - 10:27am

Apple stock will continue to be chaotic until Jobs stops being equated with Apple. They need to take advantage of this 6 months to move him back and put another face on the company.

Steve Jobs... "Super Senior Apple Fellow", and still 'He Who Must Be Feared."

9to5Mac Noob (not verified) | February 03, 2009 - 11:21am

Apple stock will continue to be chaotic until Jobs stops being equated with Apple?

You've got to be kidding. The whole market has been, and will continue to be chaotic. No one stock or collection of stocks owned by a substantial number of shareholders is anything BUT chaotic.

Apple stock will continue to be chaotic until Apple no longer has a large number of shareholders. That's just the way the marketplace works.

SRP (not verified) | February 03, 2009 - 12:40pm

My only thoughts are "Would any other company CEO have to go through so much scrutiny?". If not, then the answer is absolutely not.

If he steps down or leaves, then they should tell us. The Board has every right to know. We do NOT....

farmboy (not verified) | February 03, 2009 - 1:34pm

NONE OF YOUR BUSINESS. Period. No statute obligates him to reveal anything including sexual predilections, health, welfare, or children out-of wedlock. His popularity as a CEO/inventor/messiah is absolutely irrelevant. He performs his legal job description, and when he can't he steps aside or is replaced. That's it. Investors invest in the company, not the people--that's why the stock certificate says "Apple", not "Steve Jobs". Is this still not clear? Two separate entities, factually and legally.

And this nonsense about if they did (did not) do something to "manipulate" the stock price----PLEASE GROW UP---manipulating the stock price is the job of the Board of Directors in every company. That's what they do. Every company. All the time. AND IT'S NOT ILLEGAL.