Skip to main content

Is Steve Jobs Descandalizing Backdating?

  • Author:
  • Updated:

There's a host of good backdating stories out today. So many it's almost hard to know where to start. Let's begin with Larry Ribestein's explanation of how Apple and Steve Jobs might actually help regulators, the media and the public think more clearly about the so-called "scandal."

Backdating is not a business scandal. It is a scandal of credulous (or worse) business journalism. It is a story about how journalists have been willing to whip the public into seething resentment against corporate malefactors, while paying little attention to the actual real world consequences and implications of the practice it was reporting. Backdating may not have been totally innocuous (I never said it was), but that doesn't exonerate the journalists from telling both sides. Apple has brought us at least a little closer to the light at the end of this depressing tunnel.

Apple and backdating: the scandal unravels [Ideoblog]