Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.2 9/5/84; site terak.UUCP Path: utzoo!linus!philabs!cmcl2!seismo!hao!noao!terak!doug From: doug@terak.UUCP (Doug Pardee) Newsgroups: net.micro,net.micro.mac Subject: Re: Apple suing Jobs Message-ID: <825@terak.UUCP> Date: Fri, 25-Oct-85 14:18:36 EST Article-I.D.: terak.825 Posted: Fri Oct 25 14:18:36 1985 Date-Received: Thu, 31-Oct-85 22:39:43 EST References: <429@imsvax.UUCP> <438@looking.UUCP> <583@bonnie.UUCP> Organization: Calcomp Display Products Division, Scottsdale, AZ, USA Lines: 22 Xref: linus net.micro:11291 net.micro.mac:3156 > A stockholder suit is no fun, and I'm sure that Apple's lawyers told > Scully, et all, 'If you don't sue him for this violation of his fiduciary > responsibility, some stockholders will sue him, AND YOU.' or words to > this effect. This is an important point. Many of us separate the people who work for a company into "workers" and "management". Being at the "worker" level, we are unaware the there are actually three levels: workers, employee managers, and company officers. A company officer (especially in a company like Apple where the stock is traded publicly) is in a totally different situation from the everyday employee managers. In particular, he is the company's legal representative, and so is held *legally* responsible for how his actions (or inaction) affect the company. If he misbehaves, he has a lot more to worry about than being fired. Like lawsuits, or even prison. Unless someone shows that Jobs was not a company officer at Apple, Jobs is in deep water with his actions. The "Errors and Omissions" insurance policy isn't likely to pay off on this one! -- Doug Pardee -- CalComp -- {calcom1,savax,seismo,decvax,ihnp4}!terak!doug