Steve Jobs nearly died and lied about it
section: common, for your questions: KezNews forum, 24.6.2009
Tip: Click here to update all your PC's outdated driversI did not intend to offend anyone, and I admit to a bias in favor of Steve Jobs. I thought long and hard before posting. But what if this had happened to Warren Buffett 25 years ago?
erious attention to disclosure rules could have limited the Bernie Madoff scandal, and prevented other harms against investors, including earlier accusations of back-dating options against Apple itself, many involving Jobs.
We can’t have one law for those we don’t know and another for people we like.
For daring to steal fire from the Gods, it is said, Prometheus was chained to a rock and sentenced to having his liver pecked out by birds.
Steve Jobs can relate.
Not only did Apple come awfully close to losing Jobs over the last few months, but he will never be truly out of the woods.
The bottom line is that Jobs is very lucky to be alive following a liver transplant. The first successful liver transplant took place in 1967, but it did not become common until the 1980s, with the introduction of cyclosporine.
About 6,000 liver transplants are now done each year in the U.S., but the waiting list for organs averages 17,000. Those waiting lists could be reduced as more donors can now survive having part of their liver removed for transplant.
How and why did Jobs jump the queue? He was dying dieing faster than others, the company now admits.
Paul Argenti of Dartmouth’s business school says Apple deserves to face SEC action for lying about failing to disclose Jobs’ condition, which is the outgrowth of his 2004 pancreatic cancer.
I hate to be one of those birds pecking at Prometheus, but I agree.
This would not be the first time for Jobs on the SEC’s operating table. He was questioned in a scandal over the backdating of stock options, with Jobs later telling Forbes “nobody loves me.”
That’s not true at all. What we don’t like, and what we shouldn’t be made to like, is a lie material to our investment. Apple is as dependent on Jobs as any U.S. company since Walt Disney, and he spent months denying he was knock, knock, knockin on heaven’s door.
Jobs’ January letter, calling his condition a “nutritional problem,” was a lie from beginning to end. A straight-out, bald-faced lie. I complained about this possibility a year ago, and repeat the complaint.
Why, Steve? Were you embarrassed? Not want us to make a fuss? Don’t like get well cards? Or were you trying to boost your own fortunes in case the liver didn’t come and you actually did die?
It’s hard to have to ask these questions, even though Jobs is reportedly back at work, because he is, and will remain, a very sick man. Jobs will have to take drugs that suppress his immune system for the rest of his life. He’s got a 9 in 10 chance of still being with us in 2014.
source:
healthcare.zdnet.com
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Comments(11)
no one except the immediate family and friends can be partial to a ceo of a company. what
has steve jobs done for you personally lately? i guess being a disciple of his kinda
negates that question.
even when he does die, apple's position in the
marketplace will not change. what made them what they are right now is their products. all
steve has ever done was to give the thumbs up, but there are other shills working there
who also have 2 thumbs.
let's get back to something more important...like when
windows 7 rtm will leak...
yoyoma, the us laws require full disclosure, regardless of family ties or whether you
care about it or not.
"the sec’s regulation fd requires “full and fair disclosure by
public companies,”
http://cultofmac.com/apple-broke-the-law-by-lying-about-steve-jobs-health/12082
the point of this discussion was not to elaborate on a medical history of a financially
successful ceo, but rather to show a dishonest business ethic. without getting into to
much details, a brief glance at other illicit business operations, albeit one could argue
worse, such as enron would allow us to see consequences of dishonest business practices.
to the op, i completely agree with you, and as much as i am anticipating win 7 rtm release
this was a great issue to bring to the eyes of the readers.
yep, i concur!!!
what i still fail to understand is why people seem to think that apple is an "evil"
company. when i see nothing to make me believe so. i believe microsoft is the more greedy
company. for example, they built an hd-dvd reader for the xbox 360 because they supported
it as a format and wanted people to be able to enjoy hd movies from a disc as done with
the ps3. well great! except the format failed miserably. and they did nothing to make up
for it. anyone who bought it was screwed for the most part. then they state they will not
but the rights to something from their competitors. not only that they will not even
include a codec for blu-ray within windows 7 (which i do think will be great) when in snow
leopard this will be an included feature. and another thing sony should only be considered
a competitor in the gaming industry not the home entertainment/computing industry as they
build computers running their os with them. they cannot admit their mistakes or make up
for them if even in a small manner at all. they cant build hardware either. with all the
failed xboxes and zunes. they can write os's for the most part i'll give them that. and
they do make the best console (as long as it works). but i completely dislike the company
itself.
ending days is near for him. same for ted kenedy
seriously, why does anyone even want to know about this? his pancreatic cancer and liver
transplant are personal information, if he wants to conceal it, so be it. personally, i
believe it was a very smart move because if he came out with it and said he was dying then
apple's stock would have dropped tremendously. also, think about it, if you were dying
i'm sure you'd have a lot more to worry about then informing the public, and i'm sure
you wouldn't want to deal with 300 million people's pity. put yourself in his shoes,
you'd do the same thing.
i agree with laser!
it is jobs' personal info, he doesnt have to tell anyone.
what steve did is stock market fraud, and the law clearly outlines this. he should join
bernie madoff. read the article, it has nothing to do with steve being sick, it has to do
that he lied about it to prevent the drop in share values. totally illeagle and he should
go to jail.
apple is just plain silly. it shows how scared they are.
does that mean if
something happens to steve jobs, thousands of users are going to throw their iphone away?
employees leaving in droves? or their stock plummets?
...to the management of
apple, just gotta brave the inevitable.
steve jobs is more than "just a figure head". his decisions do shape the direction and
day to day operations of the company....if he were to die, a second in charge might have a
"different vision" for apple...one that could possibly affect apple's
profitability....therefore the disclosure law. it protects the investors. without steve
jobs, apple would have failed and gone under lonnnnng ago. the have been close to
financial ruins several times in the past. while enjoying profitability now.....that
could stil change over night.
what should really be a point of focus now, is how the
liar got at the top of a list for a liver transplant....passing up many people who have
been waiting longer. have anything to do with $$$???
surely not....
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what's the point of this medical history lesson?
By yoyoma on 24.06.2009 - 23:06