Saturday, October 6, 2007

Excuses, excuses... Mac-Style

Steve Jobs was issued a subpoena from the SEC to testify about his role in backdating his own stock options (as well as those of other Apple CEO's). It has come to light that Jobs had a personal hand in the illegal action, but "did not appreciate the significance" of the financial hand-waving. So far, he is facing no criminal charges...

Okay, putting aside the fact that if he didn't realize he'd be making more wealth for himself by doing this THERE WOULD BE NO POINT IN HIM ASKING THEM TO BACKDATE the stock purchases... since when did ignorance of the law become a legitimate excuse?!? Isn't this kind of like somebody driving a brand new Porsche out of a dealership, being caught with it a few days later, and then being set free because he claims he thought it was a "free sample" since it was just out there in the showroom with the keys laying around...

Is this special consideration for one of the greatest magnets of wealth to this country? Or just croney-ism??? Well, at least it doesn't set a precedent for this "ignorance" excuse in jurisprudential history, since without charges it never even enters the courts system...