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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?


To: cirrus who wrote (59752)12/28/2006 12:23:49 AM
From: David Bogdanoff  Read Replies (1) | Respond to of 213183
 
"One doesn't reach into a drawer, grab a handful of options and "hand" them out like candy. Nor could Jobs simply reach in and "take" them. There is certain paperwork required and until that happens the options don't exist in the real or legal sense."

right on. Said options must have had the look and feel of genuine options, with proper signatures coming from standard authorized sources(otherwise they would be a total forgery as opposed to invalid on a technicality). Sort of like a company paycheck must carry the proper signatures, be recorded in the appropriate accounts, etc. Only a few, perhaps only one, person could issue an option just like only a few persons can issue a paycheck. I doubt that person has the initials SJ. jmo.

Bogtalk
p.s. I too find it far fetched that there are forces within the company who would or could force its key executive out in the interest of good governance or public image. For that to happen a serious criminal conviction(remember Martha Stewart) would have to happen. jmo