The network discusses the growing rift between Steve Jobs and his former CFO regarding and issue that surfaces regarding Jobs landing in hot water with the SEC over some stock options that were seemingly over the edge. Stock options to major companies have always been part of corporate culture and the same is with Apple, one of the biggest earners in today’s technology driven world. The scandal has some millions of dollars in question regarding the value and amounts of shares the former colleagues used to share that some accuse the former CFO of blowing the whistle out on which led to his eviction from the board of directors in 2006. After all the finger pointing and accusations, Steve lands in the sights of the SEC more and more who are interested at the matter due to taxes and other financial issues and so does the long gone Apple executive.
Apple elevates the matter by hiring a former competitor from Palm and the other party hires another top Apple executive and the battle continues between the two principal characters. The events at Apple is no nothing new and anybody in the Valley accepts the fact that this is no coincidence. Technology driven firms fighting out each other, slinging mud left and right is a battle for control or at least a part of the market shares in the ever growing smart-phone market which has boomed in the last few years with Apple at the helm of course with their show stealing iPhone.
Seems corporate life will remain as cut-throat as it always is for all over the industry the same events happen over and over with much documentation on the net with the millions of people, experts and analysts each having their own views. So what do we make of all the fuss? Cash people and lots of it, for these companies make millions if not billions and even such lowly incidents brings publicity which in turn brings in more cash as people become interested in the events and products in question. That is the norm of corporate life, where what you know or don’t know can indeed make or break the bank, figuratively of course or not.