Monday, January 08, 2007

Strategic News Service Blog » Blog Archives » Back to you, Steve

Read the full post.  Things are not looking good for Apple at the moment... 

While clearly biased Apple fans are hoping this filing will make the problem go away, I see it as having the opposite effect.  In fact, it suggests, unlike earlier filings, that Jobs had a direct hand in selecting backdating operations.  Earlier, the (totally unbelievable) explanation was that Jobs was involved, but didn’t clearly comprehend the accounting issues.

Now we have what seems to be a smoking gun: Steve is admitting that he was involved in backdating in specific options grants.  There is no more talk about being dumb about accounting.  And it appears that his hand is directly involved.

Source: Strategic News Service Blog » Blog Archives » Back to you, Steve

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