SEC Reviewing Steve Jobs' Health Disclosures

H

HardOCP News

[H] News
Joined
Dec 31, 1969
Messages
0
According to Bloomberg, the Securities and Exchange Commission is now looking into Apple’s disclosures about Steve Jobs’ health to make sure investors weren’t misled by the company.

The Securities and Exchange Commission’s review doesn’t mean investigators have seen evidence of wrongdoing, the person said, declining to be identified because the inquiry isn’t public. Bloomberg News reported last week that Jobs is considering a liver transplant as a result of complications after treatment for cancer, according to people who are monitoring his illness.
Click to expand...
 
I would presume this is a standard practice? If not, I fully expect the CoA to be mighty angry!
 
Remember when they tried to get that kid that posted a "false" story about Jobs' health. They wanted to put that guy in jail for "manipulating" the stock market. Now, all those rummors turn out to be true, who do you think should get the short end of the stick.
 
Remember when they tried to get that kid that posted a "false" story about Jobs' health. They wanted to put that guy in jail for "manipulating" the stock market. Now, all those rumors turn out to be true, who do you think should get the short end of the stick.
Click to expand...

Yup...whether you agree with his right to privacy or not his health directly effects Apples stock price as history shows.
 
why is this news.... leave the guy alone. Ever hear of HIPPA - his health information should be protected.
 
teststrips said:
why is this news.... leave the guy alone. Ever hear of HIPPA - his health information should be protected.
Click to expand...

You are right. Because if I had stocks in a company that revolved around the image of one guy, I wouldn't won't to know his health either.
 
teststrips said:
why is this news.... leave the guy alone. Ever hear of HIPPA - his health information should be protected.
Click to expand...

If you meant HIPAA (Health Insurance Portability and Accountability Act), I'd like to hear why you think it applies here? Considering the privacy rule covers disclosure by covered entities of your personal information, it has no bearing on whether or not Jobs should have disclosed his information to the board/investors.
 
why is this news.... leave the guy alone. Ever hear of HIPPA - his health information should be protected.
Click to expand...

He's the head of a publicly traded company who's health directly effects the share price of stock holders as proven in the past. Nobody is asking for his medical records but basically "is he going to be around long term and do they have a game plan in place if not". It's not a question of privacy at this point, but money.
 
This is my :careface:

I do not care about Steve Job's health, and neither should you. It is his personal life, and it should never have been made public in the first place.

He's an integral part of a business, and that's all that we should know about him. His private life SHOULD BE PRIVATE.

Besides, I honestly don't care about his health stature.
 
I'm glad the SEC is getting involved. This guys image is very important to the company. Every time there is rumor of his ill-health, stocks drop and investors loses money, but Apple keeps coming back refuting with a false story to regain shares.
 
teststrips said:
why is this news.... leave the guy alone.
Click to expand...

TRUST ME...I literally cringe every time I see another article like this but, the fact of the matter is, it is news.

This whole thing has been so mishandled by Apple and Jobs, it is unbelievable. What could have been a simple medical footnote months ago has turned into a media frenzy that sends stock prices crashing every time the guy farts.

Unfortunately, real people spent real money on those stocks and they have the right to know if they have been taken for a ride by a company trying to (mis)manage Steve's health issues causing the stocks to tank.
 
BravO))) said:
You are right. Because if I had stocks in a company that revolved around the image of one guy, I wouldn't won't to know his health either.
Click to expand...

Well maybe youre an idiot for buying stock in a company based upon a persons image, as opposed I dont know, a viable and profitable product line? Financial statements? R&D? Industry leadership? That sort of thing?
 
This is my :careface:

I do not care about Steve Job's health, and neither should you. It is his personal life, and it should never have been made public in the first place.

He's an integral part of a business, and that's all that we should know about him. His private life SHOULD BE PRIVATE.

Besides, I honestly don't care about his health stature.
Reply With Quote
Click to expand...

You would if you owned Apple stock! :rolleyes:
 
Monkey God said:
Well maybe youre an idiot for buying stock in a company based upon a persons image, as opposed I dont know, a viable and profitable product line? Financial statements? R&D? Industry leadership? That sort of thing?
Click to expand...

When you have no business continuity in the event of the head's death, you should be worried, as no financial statements, r&d, industry leadership, or profit is going to help you.

People do invest in this company for it's profits and it's statements, but you would be a retard not to look at external forces and continuity.
 
Im not saying leadership shouldn't be a factor, but Jesus Christ leave the mans private life out of it. Either he is at work and working, or he cant work. But as what kind of problems he has, his detailed medical info, its nobodies damn business.
 
Anyone who invests in the stock market knows they are not traded mainly on facts and past performance, but rumors, speculation and here say. You should know that by now watching SCO for years, and lately Yahoo. Privacy has nothing to do with it anymore.

Trust has been lost in our financial system and the top corporate boards that run rampant in our country, of which Apple is one of them.

We see it every day in the news about CEO's and officers bilking their company's dry, then moving on while the middle class suffer are the ones that suffer. Silence and lies up until the filing of chapter 7 no longer sits well with most americans...
 
Monkey God said:
Im not saying leadership shouldn't be a factor, but Jesus Christ leave the mans private life out of it. Either he is at work and working, or he cant work. But as what kind of problems he has, his detailed medical info, its nobodies damn business.
Click to expand...

And nobody is asking for access to his medical records.

McDonald's faced this situation a few years back. Their CEO developed cancer. They said "Our CEO has cancer, here's what we're doing in order to maintain leadership." Their CEO ended up dying due to the cancer.

Now while McDonald's and Apple are two totally separate things that kind of statement is all the Apple stockholder's want. Right now stockholders know Tim Cook is running some of the show but Jobs will still be on the phone with people every day.

But what if Jobs suddenly keels over and dies? The stock will plummet because there is no known plan of action.
 
Vermillion said:
But what if Jobs suddenly keels over and dies? The stock will plummet because there is no known plan of action.
Click to expand...

But anyone at anytime can die. If anyone fails to plan for such, then, they plan to fail.

People want to know the plan. No plan? Plan to fail?

Why would you invest your money in failure to begin with?
 
But anyone at anytime can die. If anyone fails to plan for such, then, they plan to fail.

People want to know the plan. No plan? Plan to fail?

Why would you invest your money in failure to begin with?
Click to expand...

huh?
 
Tolyngee said:
But anyone at anytime can die. If anyone fails to plan for such, then, they plan to fail.

People want to know the plan. No plan? Plan to fail?

Why would you invest your money in failure to begin with?
Click to expand...

Well lucky me, I have never invested in Apple as I didn't have money during the time it would have been good to invest (I was a poor college student at the time).

But you're right. Although keep in mind that not every CEO is the face of their company like Jobs is. If Ballmer keeled over today MS stock wouldn't blink. They'd just promote and move on. Cisco and Intel would do the same. Those are all companies where we know their CEO's but their CEO's aren't like Jobs when it comes to public image.

Everybody always says "Steve Jobs is Apple" but we never see anybody say "John Chambers is Cisco."
 
I think that there are a lot of apple stock holders that did buy stocks because of Jobs. They see a sales man that can sell overpriced tech very easy. With out Jobs' salemanship, how will Apple fuction? This is why I think their stock move like they do.
 
You must log in or register to reply here.
Back
Top