Linked by Thom Holwerda on Mon 19th Jan 2009 15:25 UTC
Apple Speculation about Steve Jobs' health situation has been a hot topic for a while now, and Bloomberg is jumping on the bandwagon as well - but you have to wonder if there's a limit as to how far journalists should go in order to gain insight into Jobs' health. While his position as CEO of a large publicly traded company puts him on a pedestal, I do believe there are limits to the hight of this pedestal. Bloomberg grossly crossed the line in my book, and Jobs seems to agree with me. "Why don't you guys leave me alone?"
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Steve's Heath vs Investors
by ncc4100 on Mon 19th Jan 2009 17:25 UTC
ncc4100
Member since:
2006-05-10

While everybody would like to know what is going on with Steve's health, it is not their right to know. There is nothing in HIPAA or other US health related laws that says "everyone except CEOs".

With regard to the investor argument, there is nothing about the heath status of Steve Jobs that prevents investors from investing or not investing. If the investors are nervous about investing in Apple due to the health status of Jobs, then don't invest. If investors with money already invested in Apple are nervous, they can sell their stock.

While I agree that Steve Jobs can keep his health status a secret, he can't lie about it. Jobs either has to keep quiet about his health or tell the truth. Investors can't be mislead. I suspect that if Jobs lies about his health, the SEC will probably investigate. Only time will tell.

Regarding the Boomberg story, time will tell us if they were right. However, I am suspicious of the story. If the story doesn't pan out, I hope Bloomberg is punished for it. If their story is incorrect, they have mislead investors and possibly hurt Apple stock. They would be no better than what investors are accusing Apple of.

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