[Macworld]

Post your comments for Apple, Steve Jobs face securities fraud lawsuit here

[bcode]

Seriously, these punks need to get a life and get on with it... Cases like these have no business going to criminal court; Solve your issues at the boardroom table. If the board overrules your complaint, get over it. Not only is this a complete waste of time for courts (boohoo, someone stole money that didn't belong to anyone in the first place), but it only makes for sub-par products and overly-cautious accounting.
Lets all leave the revolutionaries alone so that they can do what they do best... make superior products. If they find a way to make a few extra dollars along the way (without stealing it from someone else) than really... Who Cares?

[Penner]

Does the complaint really say that the defendants "falsified the company’s records to create the appearance of illegality?" Really? The appearance of illegality? Why would anyone want something to appear illegal? If it really is illegal, why bother to create the appearance? And if it's not, where's the grounds for the suit?

[Mississauga]

Yeah, sounds like a whole bunch of "pretzel logic" to me!

Is this falsifying of records some kind of slight of hand to lay blame on others? Totally weird!

[benroethig]

Its not in criminal court, its a civil case.

[Martian]

The issues here are not trivial. A healthy economy requires, among other things:
Honest and trustworthy securities markets — therefore efficient markets*
* Reasonable limits on executive compensation — the reasons here are just too numerous to list




None of us know where the facts yet to be uncovered will lead, but the issues are not trivial.

[SLLhotD]

Fake crap from jealous punks. they better drop this shit before Jobs and his crew take over and screw these fakers up so bad they wouldnt know what hit them.
SLLhotD
web.mac.com/dheeraj_flyboy

[bcode]

benroethig said:

Its not in criminal court, its a civil case.

Knowing this does make it a little more tolerable, at least they are not eating up a criminal courts time... but still I believe that this is something that should have never left the boardroom. Too many companies are being ruined, all because they partake in the same business practices as everybody else. I personally think that it's time to start looking at the root of these issues, instead of attacking individual companies.

[Martian]

bcode said:

Too many companies are being ruined, all because they partake in the same business practices as everybody else.

This is a very good defense for unsavory competitive business practices — namely those practices which seek to level the playing field with your business competition. But neither competitive advantage nor level playing fields are the issue here.

Nor is the issue about excessive executive compensation. It is simply about fraudulently understating the compensation — in other words lying about the compensation amounts and subverting trust in our financial markets in the process.

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I personally think that it's time to start looking at the root of these issues, instead of attacking individual companies.

I agree. The root cause for backdating is that there have been no conciquences for just taking a little more compensation and lying about it.