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The author of Waffle, some guy in Sweden, also occasionally writes stmts.net.

About That Crazy Steve Jobs Person and His Wacky Options Business

Paul Thurrott managed to coin the entire situation: Steve Jobs is involved in the whole options mess and most of the Mac web is going either “so?” or “no he wasn’t”.

The options mess is a big deal regardless of what any of us may personally think. That Steve Jobs is involved is bad for the company, since the options mess is bad for the company. What speaks in Apple’s favor is that they started their own investigation, and that since they’re delivering it to the SEC in the form that they are, they had better make sure it’s correct or face even more charges.

Here is what’s factually correct: Steve Jobs is basically cleared of any bigger wrongdoings in Apple’s own investigation. That’s about it. That doesn’t mean that it’s not in Apple’s own interest to make damn sure that the investigation is correct in its entirety, because it is, very much so. There’s little doubt that if SEC does their own investigation and comes up with different stories, Apple’s in some deep, Zune-colored doody. But the peanut gallery may want to stop getting ahead of things and proclaiming that Steve Jobs “didn’t do it”. There’s a reason Paul Thurrott just totally used their toothbrush.

That said, I can’t wait for this one to become old news.


  1. The main point to me is that it has nothing to do with the Mac.

    For what it’s worth, a friend of mine who knows a lot more about this than me and a couple of decades on our combined ages says that yes, it’s an unfortunate situation, but a lot of companies where had backdating going on (in his words “everyone was doing it”). I can’t prove that, but it’s something to consider.

    The difference is that it’s more public because it’s Apple, and there are people blogging about Apple constantly. If this happened to a national grocery store chain, it would be news for one day and then out of the collective consciousness the next.

    Do with that what you will. The fact is they’re dealing with it.

    By Scott Stevenson · 2007.01.01 21:40

  2. When Microsoft restated earning in an exact duplicate of the Apple restatement, the media didn’t even bother to write about it. After all Microsoft is, as you know a totally criminal corporation, and this level of malfeasance is almost an improvement on anything one imagines the company doing. It simply wouldn’t catch anyone’s attention, sort of like the Hitler accidentally smiling at a Jew. (In the mirror…)

    Apple is all things good, clean and right, so the media gets worked into a frenzy when a hint of impropriety arises, fantasies flying out their asses and onto paper and the electron page. Truth in the media a practice utterly abandoned, if seldom known, in their rush to crush while sating their need to animate those who toil far beyond their moral and ethical lot.

    By Melinda Balmer · 2007.01.02 08:22

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