RSS EntriesSteve Jobs’ Transplant
Posted by oshane | Leave a comment at the end of this post.. . . 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. Â It is a complex, extremely frightening, private affair.
An argument for materiality undercuts our cultural notions of privacy. Â Jobs did the right thing by stepping down as CEO for the time he was waiting for and receiving the transplant. Â The market correctly priced the uncertainty of his return at that point, and the discussion should end there.
Investors who cry out “Materiality! Â Materiality!” are just upset they didn’t have the chance to put or call the stock more lucratively. Â Get over it.
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