As any other Director of Apple Computer, Eric Schmidt, CEO of Google and newly appointed to the Apple's Board, had received an automatic grant of 30.000 shares. But know what ? He turned down the offer, instead saying he would buy 10.000 shares on the open market, as anybody else !
I'd like to see this kind of behavior in other companies.
Options are however a sensitive issue at Apple these days : the firm is currently delinquent in its SEC regulatory filings because of an internal investigation into its stock option procedures in the years from 1997 to 2001.
And by the way, still hanging on my 75$ stock price target before mid october ! I expect some new products to be introduced soon, as Apple is holding a press event on the 12th in San Francisco, the very day Apple Expo starts in Paris. Maybe just dreaming, but also awaiting the long rumored video rental service. This one makes Walmart, which has grabbed 40% of the $17 billion US DVD market, very nervous. I'll talk about that tomorrow.
Latest joke in Cupertino : Apple is RSS friendly. In that particular case, RSS meaning the infamous Random Shutdown Syndrom which has affected my black MacBook (now in AppleCare's hands for the last 2 weeks).
Eric Shmidt becomes Antoine Zacharias (Ex-CEO of Vinci) but in the good way :-D
Posted by: Badr | September 04, 2006 at 10:01 AM