Report: SEC Probes Jobs’ Health Notices

Ed Sutherland ()

Report: SEC Probes Jobs’ Health NoticesThe U.S. Securities and Exchange Commission is probing whether Apple sufficiently informed investors of CEO Steve Jobs’ health status, Bloomberg reported Wednesday.

An unnamed source told the news organization the review does not mean Apple committed any wrongdoing, according to the report.

Last week, Apple announced Jobs was taking a six-month medical leave of absence after being informed his health troubles were “more complex” the previously announced. Prior to the announcement, Jobs had assured the Mac community an ailment that had prompted speculation was due to a “hormonal imbalance” the Apple co-founder described as “easily treatable.”

However, the latest pronouncement by Apple has failed to quell talk that Jobs’ health problems are connected to a 2004 pancreatic cancer.

Earlier this week, an assistant professor of management at a Texas university said the SEC should require CEOs inform investors if health problems force leaves of absence, as in the case of Apple’s Jobs.

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“I think the SEC should take a more proactive stance,” Alexa A. Perryman of the Neely School of Business at the Fort Worth-based Texas Christian University. The paper, “When the CEO is Ill: Keeping Quiet or Going Public,” was quoted by Macworld.

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Ed Sutherland

Ed Sutherland is a veteran technology journalist who first heard of Apple when they grew on trees, Yahoo was run out of a Stanford dorm and Google was an unknown upstart. Since then, Sutherland has covered the whole technology landscape, concentrating on tracking the trends and figuring out the finances of large (and small) technology companies.

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  • Lucas

    “Earlier this week, an assistant professor of management at a Texas university said the SEC should require CEOs inform investors if health problems force leaves of absence, as in the case of Apple’s Jobs.”

    I believe there is already a rule that says that a public company must inform investors if the CEO goes on leave. Period. forget why. if the person can’t do the job, the shareholders have a right to know that he/she can’t.

    what does Perryman want, a daily accounting of the CEOs health. hey it can be like the forms I get when I pick up my goddaughter from daycare.

    Wednesday Jan 21
    5am. Stevie woke up. Went to bathroom and pee pee. Color mildly yellow. Needs to drink more water
    5.15am. Stevie started 30 minutes of exercise. 10 minutes of light stretching, 10 minutes on the treadmill, 10 minutes more stretching
    5.45. Stevie drank 16 oz bottled water.
    6.00. Stevie pee peed again. color clear

    and so on.

    hate to see what happens to the stock the day that little Stevie eats too much spinach and poops green.