Tuesday, May 19, 2009

Do CEOs Matter ... and the state of Steve Jobs' health & company.

The ghouls and hustlers at play on the Web have been quick to exploit the interplay between Apple’s stock price and its CEO’s health. In October, one of CNN.com’s volunteer “iReporters”—the network is experimenting with so-called citizen journalism—filed an entirely false report that Jobs had been rushed to a hospital after a massive heart attack. Traders suspected that this was a ruse by the iReporter to profit from a fall in Apple’s stock price, though a subsequent investigation by the Securities and Exchange Commission concluded it was just a teen prank.
More in The Atlantic here.

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