Thursday, December 28, 2006

Backdating Scandal to Lose Fizz?

The low-octane scandal of stock option backdating has been a fantastic source of 'corporate greed' stories for the MSM for many weeks now. The only MSMer who I can tell is trying to inject any sort of rational parsing of the story has been Holman Jenkins (here), doing his typical lonesome zig while the MSM gleefully zags. But what to do now? Now, that is, that the demigod of left coast tech nirvanaland has been caught, or appears to have been caught, doing the same slimy things that executives at Big Healthcare do? Will the story just die? Will the MSM throw Jobs in with the other corporate wrong doers and paddle his arse all the same? Or will they keep the general story rolling while conveniently ignoring any of Jobs's misdeeds if they prove to indeed be misdeeds. Hmm, decisions decisions. It stinks when the wrong guys get caught.

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