Thursday, October 05, 2006

Apple Says Jobs Knew of Options - New York Times

Well, that's reassuring... 

“The major risk in the backdating of options was that somehow Steve Jobs was actively involved,” Mr. Wolf said. “The announcement today eliminated that possibility.”

Mr. Wolf said it was within reason that Mr. Jobs would not have paid attention to the backdating, particularly given that it was common and legal. “I don’t think he’d know an asset from a liability,” Mr. Wolf said of Mr. Jobs. “That’s not his game.”

Source: Apple Says Jobs Knew of Options - New York Times

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