Continuously opining, intermittently publishing.

Steve 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.  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.

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