Investors still seem to think Apple is worth something. Shares of the computer giant are holding strong so far today--as the company released information saying it found NO misconduct by CEO Steve Jobs in regards to backdating stock options between 1997 and 2001. But--not all is well with Jobs and Apple according to Christopher Whalen. He's senior vice-president at Institutional Risk Analytics.
On "Morning Call" Whalen reacted rather strongly to part of the statement released by Apple. It stated in part that Jobs was aware of some favorable grant dates and even suggested some of the dates--but that he did NOT benefit from them. Whalen says "it's a bit of a smoking gun" to say something like that. Jobs was a big picture guy according to Whalen--and he never really dealt with smaller issues. It raises issues--according to Whalen.