Steve Jobs nearly died and lied about it

By cabron
in Apple (macOS)

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t_r_nelson

Posted
Posted
You can think that all you want to, but you are simply wrong.

Apple Broke the Law By Lying About Steve Jobs Health

Professor Paul A. Argenti has a BA, Columbia University, 1975; MA, Brandeis University, 1979; MBA, Columbia University, 1981. He teaches of Corporate Communication at Tuck School of Business.

Once again, Hurmoth, you are citing opinion. This is someone who shares your same OPINION. In every article you reference, there is nothing to base their outrage on other than the claim that they have somehow been wronged by what happened here.

I have read the SEC regulations on disclosure and nowhere in the documents does it require anyone to disclose their medical records. Anything that is related to the business must be disclosed, but nothing beyond that.

I have also read the regulations on medical privacy. They are pretty clear. Not gonna happen.

Keep digging. You'll find nothing. Too bad, so sad, bye-bye.

Grand Master

Miuku.

Posted
Posted
It really makes me laugh how many people in this thread are saying he did nothing wrong and he deserves his privacy.

What a 'surprising co-incidence' that the people who are "outraged" are also the same anti-Apple trolls that go from thread to thread here.

Grand Master

Hurmoth

Posted
Posted
Once again, Hurmoth, you are citing opinion. This is someone who shares your same OPINION. In every article you reference, there is nothing to base their outrage on other than the claim that they have somehow been wronged by what happened here.

I have read the SEC regulations on disclosure and nowhere in the documents does it require anyone to disclose their medical records. Anything that is related to the business must be disclosed, but nothing beyond that.

I have also read the regulations on medical privacy. They are pretty clear. Not gonna happen.

Keep digging. You'll find nothing. Too bad, so sad, bye-bye.

Did you even read who this guy is? He teaches this stuff. He isn't stating opinion, he is stating fact, he's stating law. Why is that so hard to understand? Please provide your credentials that you know better?

I spoke with a family friend, a former US Attorney for Virginia, and he states that law is clear about this and that Apple broke SEC rules.

What a 'surprising co-incidence' that the people who are "outraged" are also the same anti-Apple trolls that go from thread to thread here.

I'm anything but anti-Apple. I have so many Apple products it isn't funny. But I'm also a shareholder.

Veteran

t_r_nelson

Posted
Posted
Did you even read who this guy is? He teaches this stuff. He isn't stating opinion, he is stating fact, he's stating law. Why is that so hard to understand? Please provide your credentials that you know better?

Read the SEC regulations - SEC. Once you're done doing that, show me where it states that he must reveal his medical history. I've read them. I needed to research them for SOX compliance at my workplace. Have you or are you just relying on other people's OPINION?

I spoke with a family friend, a former US Attorney for Virginia, and he states that law is clear about this and that Apple broke SEC rules.

Again, show me where it says what Jobs did violated SEC regulations. And trusting anything a lawyer says...? Really?

I'm anything but anti-Apple. I have so many Apple products it isn't funny. But I'm also a shareholder.

And there it is. Your bias is clearly based on your wallet :rolleyes: Had this been at IBM, you wouldn't have even blinked.

Grand Master

Hurmoth

Posted
Posted

^ I own stock in IBM too, so it would have matter.

Clearly you aren't reading the rules very clearly. It states, "full disclosure of material information". Jobs' health as CEO is material information. If he cannot perform his duties, that makes it material information.

Do you even understand what Regulation FD is for? It mandated that all publicly traded companies must disclose material information to all investors at the same time. That is to help thwart against insider trading. The board and other executives were probably kept up-to-date with his condition.

It isn't about bias, it is about the law, about SEC rules. And SEC states full and fair disclosure. We did NOT get that.

Bill George, a professor of Management Practice at Harvard Business School, says "CEOs are public figures and constituencies have the right to know about their health." George says that "anything that potentially impairs leader’s ability to function should be disclosed."

Grand Master

spenser.d

Posted
Posted

Hurmoth is correct. It's a publically traded company, so information about those who are running the company, including their health is relevant and has to be disclosed. It's very similar to how presidential candidates have to disclose their health to the public before the election occurs. Same principle applies to both situations.

-Spenser

Veteran

Darrian

Posted
Posted

No, it doesn't. The President of the USA runs the entire country, and is accountable to every citizen, and his actions affect all of us. Steve Jobs is only the CEO of a company. Only extremely loyal Mac fans and people deeply invested in Apple even know who he is. I didn't even know who the CEO of Apple was until all the fuss about his health over the last year (which I only heard anything about only here on Neowin; if I didn't visit this site I still wouldn't know who the hell he was, or care).

Grand Master

Hurmoth

Posted
Posted

^ You're missing the point Spenser made. He isn't saying Jobs is as important to the country as the President, he's making the comparison as to why Jobs has to disclose his medical wellbeing. The same principle applies in both situations. One position just happens to be more important because of the amount of responsibilies he has, but that doesn't the mean the principle doesn't apply.

But legally, he has to notify his shareholders. No two ways about it. Full and fair disclosure to the companies investors.

Veteran

Darrian

Posted
Posted

I still disagree. If Apple has a board of directors, which it probably does, then I can see having to notify them. However, if I go buy one share of Apple stock that doesn't give me a right to know what's going on in somebody's personal life, regardless of who they are. Only people with enough shares to have a say in the direction of the company might have any business being notified.

Grand Master

Hurmoth

Posted
Posted
I still disagree. If Apple has a board of directors, which it probably does, then I can see having to notify them. However, if I go buy one share of Apple stock that doesn't give me a right to know what's going on in somebody's personal life, regardless of who they are. Only people with enough shares to have a say in the direction of the company might have any business being notified.

That's the point of Regulation FD. That Board of Directors is made up of other shareholders. If they are told and you aren't that introduced the possibility of insider trading. Full and Fair Disclosure helps to stop that kind of activity. It helps protect even the smallest shareholder all the way up to the top, as it should.

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