Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10.3 4.3bsd-beta 6/6/85; site seismo.CSS.GOV
Path: utzoo!watmath!clyde!bonnie!akgua!gatech!seismo!mo
From: mo@seismo.CSS.GOV (Mike O'Dell)
Newsgroups: net.micro.mac
Subject: Jobs and foolishness
Message-ID: <470@seismo.CSS.GOV>
Date: Sat, 19-Oct-85 10:42:51 EDT
Article-I.D.: seismo.470
Posted: Sat Oct 19 10:42:51 1985
Date-Received: Sun, 20-Oct-85 06:09:00 EDT
Organization: Center for Seismic Studies, Arlington, VA
Lines: 13

Steve Job's seeming breech of his fiduciary responsibility has already been
mentioned here.  But more importantly, all the other directors of APPLE have
the same responsibilities, making the suit against Jobs essentially mandatory.
If the board had not sued him (with the purpose to protect Apple's  future
products), the board would be wide open for a stockholder's suit.  While
in general, the "corporate vail" protects directors from suits against
the corporation, a stockholder's suit is very special - as a holder of
a single share, you can sue a director or priniciple of the company,
and they can be held PERSONALLY RESPONSIBLE!!!  With this liability at stake,
and the the apparent facts of the case, the Apple Board had no choice but
to sue Mr. Jobs to protect Apple shareholder's interests.

	-Mike O'Dell