. . . was nobody’s business but his own, literally and figuratively.

The so-called “public” and its grand protector, the SEC, have no morally sufficient argument to demand that a person, even a CEO, explain to them that he is receiving a transplant.  It is a complex, extremely frightening, private affair.

An argument for materiality undercuts our cultural notions of privacy.  Jobs did the right thing by stepping down as CEO for the time he was waiting for and receiving the transplant.  The market correctly priced the uncertainty of his return at that point, and the discussion should end there.

Investors who cry out “Materiality!  Materiality!” are just upset they didn’t have the chance to put or call the stock more lucratively.  Get over it.

Read this piece by Thomas DiLorenzo. It expands on the following:

In government, failure is success. That’s what I call DiLorenzo’s First Law of Government.

. . .

DiLorenzo’s Second Law of Government is that politicians will never assume responsibility for any of the problems that they cause.

. . .

DiLorenzo’s Third Law of Government is that, with one or two exceptions, all politicians are habitual liars.

. . .

DiLorenzo’s Fourth Law of Government is that politicians will only take the advice of their legions of academic advisors if it promises to increase their power, wealth, and influence, even if they know the advice is bad (or even devastating) for the rest of society.