This page shows the source for this entry, with WebCore formatting language tags and attributes highlighted.

Title

You're Free to Go

Description

So that's that; the big brouhaha over Steve Jobs's stock options has finally, officially blown over. It seems the 6th generation iPod and 1st generation iPhone are both safe for now. <a href="http://biz.yahoo.com/ap/070316/pixar_stock_options.html?.v=5" source="Yahoo News">Disney Board Clears Current Pixar Execs</a> has more information, but it basically boils down to: <bq>Although the manipulation itself isn't necessarily illegal, securities laws require that companies properly disclose the practice in their accounting and settle any resulting charges.</bq> That's it? Just a little tax-auditing error? Really? It's hard to say, of course. if Disney/Pixar/Apple is determined to let it go, then there's not much anyone can do about it. There is much that in the legal system that a layman would consider illegal, but is, instead, only highly immoral and unethical, but perfectly legal. Steve Jobs was jubilant, as evidenced by his blog entry, <a href="http://fakesteve.blogspot.com/2007/03/watch-me-make-options-scandal-disappear.html" source="The Secret Diary of Steve Jobs">Watch me make an options scandal disappear!</a> <bq>Disney's official report is out. The verdict: I'm innocent. No harm, no foul. Were options backdated? Yes. Was I the largest shareholder? Yes. Was I running the company? Yes. Am I to blame? No. Does this make sense? Absolutely.</bq>