Saturday, January 13, 2007

Not Likely

According to this article, the Apple, Inc. board may be "forced" to fire Jobs as CEO. This is not the first article to suggest such an outcome of the backdating scandal. What I find interesting is that none of the articles I have read explain why exactly the board would be forced into such an action. The board is responsible to the shareholders. I think it is pretty clear that the majority of Apple stockholders want Jobs at the helm. Unless there were some legal limit to Jobs remaining as CEO, the board doesn't have to do jack—backdating or no.

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