Steve Job’s corporate governance scandal is a signal of board level corruption and greed in major corporations
Peter Oberois
Dec. 29, 2006

It is much wide spread than manifested by occasional ‘fish caught in the net’ syndrome. The Apple, the HPs are plenty out there. It will be difficult to find a single honest corporate financial statements in the last six years since dot com collapse of 2000. These corporate servants are eager preserve their standard of living by hook or crook as SEC and the Government absorbs their aggressive dishonesty and incompetancy.

Apple said in an SEC filing that CEO Jobs recommended the selection of some favorable stock-option grant dates, but didn''t personally benefit. The board said it has "complete confidence" in Jobs. Apple shares jumped 4%. Apple misdated thousands of stock options grants to employees and executives.

It is not just Apple. When the rug is lifted you will find the whole corporate world is infested with ‘Enron style’ corporate governance and the Wall Street is riding these on the ‘High’.

The problem is after all ”Highs” come devastating “Lows”. And that is what is bothersome for common people. When these scandals are exposed, thousands of Enron will happen. The loss of jobs, savings, retirements will be enormous as Dow struggles to survive 3000 level by 2009.

Steve Job’s corporate governance scandal is a signal of board level corruption and greed in major corporations
Peter Oberois
It is not just Apple. When the rug is lifted you will find the whole corporate world is infested with ‘Enron style’ corporate governance and the Wall Street is riding these on the ‘High’.
READ MORE>>

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