01-25-2009, 03:43 AM
Despite, or perhaps because the 'rules' are relatively generic (Disclose Material Risks, etc..), I predict the following:
1- Apple will get an SEC slap on the head for not 'fully disclosing' details of Steve's illness.
2- Apple will appeal.
3- To avoid looking like the fools they are, the SEC will publish detailed rules that will require fully annual physical exams of the officers and board members of all public corporations. While the results will not be made fully public , sufficient details will be provided to cause a privacy hue and cry the likes of which haven't been seen since it was illegally made public that "Joe the Plumber" owed back taxes, and worst of all, was not named "Joe".
4- Many board members and corporate officers will retire to avoid their PSA and Cholesterol counts (not to mention the good stuff, like STD's, etc..) becoming public.
5- It will take several years before the SEC backs down and rescinds these rules.
6- The rest of the world will, as always, laugh at us.
I don't think Forbes has read the crayon on the wall, as yet
Forbes discussion, forgetting the rule that "Hope is not a Strategy"
1- Apple will get an SEC slap on the head for not 'fully disclosing' details of Steve's illness.
2- Apple will appeal.
3- To avoid looking like the fools they are, the SEC will publish detailed rules that will require fully annual physical exams of the officers and board members of all public corporations. While the results will not be made fully public , sufficient details will be provided to cause a privacy hue and cry the likes of which haven't been seen since it was illegally made public that "Joe the Plumber" owed back taxes, and worst of all, was not named "Joe".
4- Many board members and corporate officers will retire to avoid their PSA and Cholesterol counts (not to mention the good stuff, like STD's, etc..) becoming public.
5- It will take several years before the SEC backs down and rescinds these rules.
6- The rest of the world will, as always, laugh at us.
I don't think Forbes has read the crayon on the wall, as yet
Forbes discussion, forgetting the rule that "Hope is not a Strategy"