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Earnings

Apple Being Investigated By SEC Over Disclosure Of Jobs’ Health

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Apple’s disclosures—and non-disclosures—about the health of CEO Steve Jobs are being investigated by the SEC, Bloomberg reports, citing “a person familiar with the matter.” The person said: “The Securities and Exchange Commission’s review doesn’t mean investigators have seen evidence of wrongdoing.” Jobs announced last week that he was taking a medical leave of absence, but his health has been in the spotlight since June, along with denials for most of that time that anything was wrong.

Our sister site at paidContent.org addresses the question: when do companies owe investors information about the health of a key employee and how much should be divulged? I’m sure the company will have to field questions about the topic during its earnings call today, following the release of its financials after-market. In afternoon trading, Apple’s stock was up about $2 or 2.4 percent at $80.20 a share.

Jan 21, 2009 3:06 AM ET

Posted In: Legal, Regulatory, Money, Earnings, Companies, Apple, steve jobs

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