Tuesday, July 17, 2007

Look mom, no hands - option backdating

The defense of Steve Jobs in the option backdating at Apple and Pixar appears to be buttressed on evidence that Mr. Jobs was not caught with his hands in the backdated options cookie jar - although Mr. Jobs reportedly knew about the jar and perhaps even opened it so that others could reach inside.

At Rambus Inc., former CEO Geoff Tate and reported sole member of the options awarding committee, has thus far taken the heat for Rambus' backdating fiasco by either falling on the sword of his own accord or perhaps he was pushed.

I admit, a part of me admires a man who takes one for the team . . .

Read about Mr. Jobs at News.com.com.

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