Apple allegedly falsified stock documents to guarantee maximum profits for certain executives. I am certainly not a stock market expert, but I do know that something like that is a no-no (although, I bet plenty of companies do it).
So, the Securities and Exchange Commission is investigating these allegations.
Which brings me to the Quote of the Month. In a filing delivered to the Securities and Exchange Commission earlier this month, here is how Apple officials described the SEC investigation:
the resolution of these matters will be time-consuming, expensive and will distract management from the conduct of the Company’s business
Wow. I am glad that I don’t own any Apple stock. Based on the tone of their response, it sounds like they are more concerned with the inconvenience they are facing than with the bottom line of their shareholders.
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