Apple ended the day at $64.07, up 48 cents at the market's close. This is an interesting reaction, as most of today's Apple news has had a negative spin. Even though Steve Jobs takes restricted stock as salary, and not options as some comments on Apple posts here have suggested, investigations are revealing that Steve Jobs presided over the compensation committee that granted the backdated options. Some analysts think bureaucratic layers between Jobs and the people making the decisions will keep him out, but what kind of leader does that portray him as? There could be some very negative PR for Jobs ahead.Apple after the bell 08/10/06: did Jobs grant options himself?
Posted Aug 10th 2006 8:29PM by Tobias Buckell
Filed under: After the bell, Bad news, Industry, Apple Inc (AAPL)
Apple ended the day at $64.07, up 48 cents at the market's close. This is an interesting reaction, as most of today's Apple news has had a negative spin. Even though Steve Jobs takes restricted stock as salary, and not options as some comments on Apple posts here have suggested, investigations are revealing that Steve Jobs presided over the compensation committee that granted the backdated options. Some analysts think bureaucratic layers between Jobs and the people making the decisions will keep him out, but what kind of leader does that portray him as? There could be some very negative PR for Jobs ahead.
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Reader Comments (Page 1 of 1)
8-11-2006 @ 12:03AM
Mr. noitall said...
Little guy, look out! The small individual investor who owns some Apple shares should get out now! Maybe you bought your shares based on all you heard about this great company. Great & inovative products, great leadership. Well it's starting to look like that leadership betrayed you. So now they will have to re-state their passed earnings.(no big deal you think). But what about their future earnings? What about all the lawsuits that are coming? Will that add some tremendous litigation costs to their expenses? How many pension plans or other large institutions hold Apple stock? You think they won't sue? What do you think Apple will offer you as a settlement? My guess would be a coupon for 10% off your next purchase of one of their great and innovative products, lol. Consumer backlash against this company's products might also hurt their future earnings. Aren't we all getting tired of hearing about the greedy misconduct of corporate executives who allready make a ton of money?
8-11-2006 @ 7:35AM
Warren said...
#1
Yeah, you know what all of that means? Buying opportunity. Apple stock is going on sale and that's nothing but good. Apple will do great things in the future as it has done in the past. Getting on board NOW is the only sensible play.