Rip Ragged

Tim Beyers, over on The Motley Fool, opines here.

If you don’t want to go read it, here’s a brief synopsis:

Steve Jobs liver transplant was done in secret. Therefore the board of directors at Apple should pay the stockholders. They are at least liable for civil, if not criminal penalties.

Tim quotes people who think they know something about the situation. Warren Buffett – bridge partner and good friend of Bill Gates – has an opinion. The once-relevant Wall Street Journal is quoted agreeing that Apple should be reporting every time Steve Jobs blows his nose too many times in a meeting.

Tim has assigned a level of priority to this situation somewhere between “candy-apple-red-with-a-big-flashing-neon-arrow” and “Moscow is in flames and there are missiles headed for New York.” This is probably because he’s a cheap hit-whore. Or maybe he’s a short-seller who’s pissed off that there was no huge sell-off while The Master was under the knife.

As a stockholder myself, I don’t see that I was in any way harmed by the lack of disclosure. Apple didn’t announce that His Steveness was waiting for a new liver, getting a new liver, or resting comfortably and getting to know his new liver. That caused a lack of the stock dropping precipitously. Now that everybody knows, the stock is still not dropping.

I’m questioning how stockholders were hurt when the price of their shares keeps going up.

I don’t want to say that Tim is being stupid or disingenuous, but he’s definitely wrong.

…

Not Michael Jackson…..