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FeedVideo: Jobs talks iPhone, Apple stock options crisis on CNBC
Right after wowing the crowd at Macworld, Steve Jobs did an interview with CNBC. It starts off all about the iPhone, but at the five minute mark, the question about backdated stock options and whether Jobs will remain CEO of Apple, Inc. (NASDAQ:AAPL) comes up. Steve responds that he was frustrated by the press, who he perceives as not doing their research well. He goes on to talk about the internal and external investigations Apple started, and points out that the company handed the results over to the SEC.
The money quote: "We did find some things that we didn't wish we had, but we turned it all over to the SEC."
Scrub the video over to the five minute mark to see Steve talk about his confidence that current leadership at Apple would remain on, and his wish to continue running the company.
The money quote: "We did find some things that we didn't wish we had, but we turned it all over to the SEC."
Scrub the video over to the five minute mark to see Steve talk about his confidence that current leadership at Apple would remain on, and his wish to continue running the company.
Monster.com founder's stock option scandal
Recently, the founder of Monster Worldwide (NASDAQ:MNST), Andrew McKelvey, resigned from the board. He said he would not agree to an interview with the company's lawyers regarding the stock options backdating scandal. Until a month ago, he was the company's CEO and Chairman.
So what can companies do in this type of situation? I had a chance to interview Brad Sugars, who is a business coach and author of The Business Coach.
Things have been embarrassing for Monster. What could the company do to improve things?
From what I have read, apparently McKelvey did not know backdating was illegal. The job of any CEO is to be across everything. This also means they are ultimately accountable for all areas of the business. In a publicly listed company like Monster Worldwide Inc., this is even more important because not only do you have to answer to the board, but also to stockholders as well.
Apple after the bell 08/07/06: WWDC not enough to buoy Apple against stock options scandal
Today at WWDC Apple announced new pro level desktop machines and updated its server offerings both to use Intel chips with all the power savings and speed boosts that were expected to come with such a transition.
Steve Jobs also previewed the new OS that will come out this spring, called Leopard. 64 bit computing, improvements to iChat, virtual desktops, and an automatic backup or versioning system built into the system called 'Time Machine' were debuted.
What didn't debut? The flurry of predicted items that Apple had never promised, including the iPhone, the touch-screen full-screen iPod, and many others. Apple closed the day down $67.21 a 1.6% percent drop. With pressure from the backdated stock options scandal and the disappointment from the rumormill that had some overexcited about the next iWhatever, one can expect dips in Apple stock here in the next few days.
If you are strong on the company, remember to view the upcoming dips for what they are: buying oppurtunites.
Steve Jobs also previewed the new OS that will come out this spring, called Leopard. 64 bit computing, improvements to iChat, virtual desktops, and an automatic backup or versioning system built into the system called 'Time Machine' were debuted.
What didn't debut? The flurry of predicted items that Apple had never promised, including the iPhone, the touch-screen full-screen iPod, and many others. Apple closed the day down $67.21 a 1.6% percent drop. With pressure from the backdated stock options scandal and the disappointment from the rumormill that had some overexcited about the next iWhatever, one can expect dips in Apple stock here in the next few days.
If you are strong on the company, remember to view the upcoming dips for what they are: buying oppurtunites.
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