Stockholders in the Doctor’s Office

posted on Jul 08 by in the Opinion and Discussion category

Apple

You may have heard recently that Steve Jobs, Apple’s CEO, underwent a liver transplant in Tennessee sometime during the past couple months.  There is a debate going on whether the company disclosed the right information at the right time, and the SEC is said to be reviewing the circumstances.
Steve Jobs told the public on January 5th that he had a hormone imbalance which was causing him to look sickly and lose weight, which Apple critics had noticed at recent company events.  However, on January 14th, a statement was released that he was taking a 5 1/2 month medical leave because his condition changed from being simple to “more complex.”  Investigators are unsure what Apple’s board knew at the time of the first January 5th announcement.  The SEC wants to figure out if Jobs misled the investors to believe that his health was better, or at least not serious, when he knew that he was actually very sick.
This brings up many interesting questions for those of us who have health issues, or have had them in the past.
How much information should an employee be required to disclose to their employer, or an important CEO, to his or her shareholders?

More information on Apple, Steve Jobs, and the SEC at InformationWeek.

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One Comment

Bruce Bromley, posted this comment on Jul 29th, 2009

From an evacuation in an emergency perspective whatever is required to ensure

(a) the employer can put an evacuation plan in place for each individual,

(b) to ensure additional risk to co workers during an evacuation, i.e. an individual with say claustrophobia trying to evacuation in a crowded stairwell and panicking causing a slowing in evacuation. Or an individual with a vision impairment that in normal office lighting can see sufficiently but under evacuation lighting conditions is effectively blind.

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