Apple pays off pension fund Apple has paid $14m to a New York pension scheme to end a lawsuit over its backdating of share options for Steve Jobs and other executives. The company has already paid to end investigations into backdating by the Department of Justice and other shareholders. Apple is paying $14m for shareholders in the New York City Employee …
How will Apple achieve this when Jobs treats Apple like a personal fiefdom and a private company? Hard to achieve when the fox has keys to to hen house.
And whose money will be used to pay off all the administrative fines - no doubt the shareholders will cover Jobs malfeasance?
Can 2010 get any worse for Jobs? (And Android sales are now ahead of iSO!)
iPhans click he red box below.
I hope soon everyone will realise Jobs is seriously a underhand dodgy BS and not worship him like they do. He is a ultimate capitalist in the way that if there was money in it he'd screw your dead corpse. Mind you the way business laws are in the US soon enough people will be campainging for his canonisation..
WE know who is paying for this.
For example the US price for the macmini server 999 US Dollars
Equivalent prices in Europe for same spec machine
UK Pounds 929 exchange rate USD/GBP 1.59 = 1476 USD
Swiss Frank 1499 exchange rate USD/CHF 1.03 = 1554 USD
Euro (Ireland) 1149 exchange rate USD/EUR 1.39 = 1594 USD
So we europeans are paying 50% more for the same article made in China!!
http://www.theregister.co.uk/Design/graphics/icons/comment/unhappy_32.png
What a dick.
"Can 2010 get any worse for Jobs?" I don't know what parallel universe you are living in, but 2010 has been a pretty good year for Jobs and his businesses. The company that he founded over 30 years ago has superseded it's arch-rivals in terms of value*, they have successfully launch an new product class that their competitors are again clambering, and so far failing, to better, the 'lemon' that you so often refer to has been a sales **success** despite it's well publicise and overblown issues, to he extent that manufacturing cannot keep up with demand. Android may now have a larger share, Apple's individual sales compared to their hardware competitors is significantly better; in figures, ~3% of the overall mobile market and ~39% of the profits. Comparing Android sales to iPhone sales is overly simplistic as between HTC, Samsung, Motorola et al. there are around 30-40 different phones, there are essentially 2 iPhones on the market. Apple have 100% of iOS's share, Android's share is divided by **all** the manufacturers in that space, many of which will be soon developing phones for Microsoft too. Disney/Pixar produced Toy Story 3 to critical acclaim and has to date grossed over $1 billion **in 4 months** and Christmas is just around the corner. Oh, and it's a year since he had his liver transplant and he's still here. If this is a bad year for Jobs, I'd happily swap my year...
* I, and for that matter everyone else know that it's linked to share value etc. and understand what this means, but as it stands Apple posses a greater **value** than Microsoft.
I have watched with interest just how easy it is to get Apple adopters / fanbois / iPhans to fall for the bait!
That said, comparing iOS and Android is not like comparing hardware - Apple has so many versions out on the street which is the intent of their marketing - first adopted by automobile companies.
Android, in any hardware, is still a sale just as iOS, in any version, is a sale. And as someone pointed out Android is being adopted faster than iOS at the present time.
Nielsen said that Android chewed away at the competition and increased its share even more dramatically, rising from 14 to 32 per cent. Apple meanwhile, let some 7 per cent of users slip through its fingers and fell from 32 to 25 per cent, despite its release of the Iphone 4 in June, while Blackberry took an 8 per cent dunk and dropped from 34 to 26 per cent.
Guess this must put iOS in 3rd place.
When a company grants you a share option it means that you can acquire the share at a "given price" at a certain point in the future. If in that time the share price goes up, then you are sitting on profit.
The "given price" is usually the closing price of the share on the day the option was granted. However, if the share price was lower two weeks ago, backdating the "given price" to that day would mean your option would be worth more.
Doing this could be seen as screwing other shareholders out of money - which is OK if they agree to it but fraud if they didn't know about it.
Note: there are some generalisations here but that's the gist.
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