Archive for January 2nd, 2007

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The Options Debacle

January 2, 2007

WSJ covers the latest news regarding Apple’s stock option debacle. The entire thing stinks, irrespective of whether Jobs knew or not or recommended the dates or not. I think the timing and the amount involved reveal that management had a lack of confidence regarding Apple’s future and/or were greedy. The 2000, post-iMac exuberance, grant in particular strikes me as a desperate measure – clearly the iPod was nowhere in the plans. I am not sure where all this will lead, but I feel let-down and I suspect I am not the only one.