Wednesday, January 17, 2007

"Innocent" Steve Jobs - no, he can't be canned!

When Guy Kewney at NewsWireless.net asks:" Can Apple manage without Steve Jobs?" - he's joking, right?

"CEOs have been fired for doing what Steve Jobs is supposed to have been caught doing at Apple: backdating their share options to a time when they were worth less. Suppose it's true; and suppose he has to carry the can - will Apple manage without him?"



Summary:
"Even if they were legally required to appoint another CEO (they aren't) they'd make sure he stayed in charge, and obviously so. The alternative would be a collapse in the share price. Of course, there might be those who are already shorting their options in anticipation. Not inside Apple, of coure! - they wouldn't understand that, would they?"




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