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To: inaflash who wrote (60837)1/17/2007 1:44:23 PM
From: Kip S  Read Replies (2) | Respond to of 213177
 
Alan Murray has a very interesting column in today's Wall Street Journal. It is entitled:

"If Mr. Jobs is Punished, Would Holders Suffer?"

It ends with this rather surprising-to-me conclusion (my bold):

If Mr. Jobs participated in backdating options, he should be punished. To let him off the hook would send a terrible signal that some people are exempt from the rules or above the law.

But any punishment that hampers his ability to continue running the company would be a mistake. That is punishing the victim, and only compounds the crime.


So a major WSJ columnist is advocating that if Jobs participated in the backdating, he be punished but not removed. Joe Grundfest, former Chair of the SEC and Stanford law professor advocated the same. WOW.

Here's a link to the article, but I'm not sure if it is subscription only.

online.wsj.com