Steve Jobs’ Back Dated Stock Options Scandal

Steve-Jobs

Steve Jobs was accused of back dated options trading, in which stocks could be purchased from Apple at previous price points which had since passed (e.g. purchasing 100 shares of stock for $100 at the January 2010 price point, when those same stocks were worth $200 because the actual date was July 2010). Jobs did this to give his key people stock options which were so enormous in value that these employees would never even consider taking their talents and skillsets elsewhere. Back dating is legal, if properly reported within official corporate records. After the backdated stock options scandal was exposed by various media outlets, 200 U.S. companies came under investigation for doing the exact same thing. Jobs escaped any wrongdoing by effectively throwing Apple’s CFO Fred Anderson under the bus, a person who was instrumental in the hard fought come back of Apple. Anderson was forced to resign and pay back restitution to the sum of $3,600,000 ($3.6 million) in penalties. In reality, Anderson explained this process to Jobs, and Jobs fully understood the implications, yet chose to place blame squarely upon the Anderson with the rationale that a CFO must oversee all practices related to accounting within a corporation. It was estimated at the time that had Jobs gone to prison for back dating, Apple would have dropped in value by $22,000,000,000 ($22 billion)

Societal Changes Within the United Kingdom Which Occurred​ After World War I

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Post World War I in the United Kingdom, many battle hardened veterans no longer viewed themselves as servants to the wealthier classes of society and demanded social equality, suddenly realizing that work in factories and within dense city populations could provide a better standard of living than within small economically cut off villages. Suddenly, without warning, aristocratic estate owners went from paying 6% on their income tax, to a much higher rate in line with what a common person would pay. Due to this massive increase in the amount of income now required to continue the running of an estate, many were demolished during the 1950’s and 1960’s and much of the artwork within these homes which initially would have been passed down throughout subsequent generations as family heirlooms, were sold to the U.S. as the U.S. was the wealthiest nation in the world during the era and had the ability to help once wealthy families avoid complete financial ruin. Most aristocratic dynasties simply gave up with the introduction of these new income tax policies as the cost of maintenance was simply too great for what an estate could reasonably generate

The Statistics and Layouts Casinos Use To Get Gambling Customers To Spend More

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During 2014, 40,000,000 (40 million) people visited Las Vegas, United States of America and lost a combined total of $10,000,000,000 ($10 billion). The average odds of winning when using a slot machine are approximately 6.6% meaning that for every $100.00 put in, the casino takes $6.60, baiting players with a win but bleeding them dry in the long term, banking nearly $0.07 (7 cents) for every $1.00 dropped into them. Casinos with the worst odds are clustered within the Las Vegas Strip, and casino games with the worst odds are clustered within the middle of each casino itself. This snowman pattern of 3 grids, each one sitting on top of a larger one beneath, surrounded by a larger perimeter of less high function activities going on also occurs in other industries including the design of digital circuits, agricultural design for industrial farms, indigenous villages layout and design in Africa, and occurs naturally within the biology of the human body. These systems are designed for maximum efficiency

Highest Elevation at Which People Live

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In La Rinconada, Peru, the entire village of La Rinconada lives as high as those who make base camp on Mt. Everest before attempting to scale its peak. When Spanish settlers first landed in La Rinconada, most lost their infant children shortly after birth because oxygen levels are half of what they are in comparison to most other places on Earth. The reason people stayed and continue to stay in La Rinconada is because of the gold which can be extracted from the nearby mountain ranges. La Rinconada is the absolute highest elevation at which humans can live, as anything considerably higher would cause organ failure which is often quick and difficult to detect by oneself resulting in death in many cases

Moroccan Slavery

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Slavery has not been abolished in Morocco and is technically still legal even during the modern day. Many people have parents, or grandparents who were born into slavery and have experienced slavery first hand. An estimated 13,000,000 (13 million) slaves were transported north across the Sahara Desert, a number similar in size to those who forced into slavery during the 18th and 19th century in the U.S.. In Morocco there are entire villages of people who descend from the lineage of slaves who were forced along the salt roads of West Africa

The Effect of Chinese Investment Capital Upon the Vancouver, Canada Housing Market

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In 2015, $1,000,000,000,000 ($1 trillion) USD left China which set a new historic record for the amount of currency exported from China within a single year. This dump of currency directly coincided with the July 2015 real estate jump of 30% – 40% of Vancouver, Canada the Greater Vancouver area and the Fraser Valley. Many economists and financial experts working in China have correctly predicted a growing problem in which the financial bubbles that have been created in China have caused investors to become spooked and therefore cash out of these bubbles to put their income into hard assets around the world. This creates a bubble in other markets which are international, which would lead to the plausible conclusion that the Vancouver, Greater Vancouver area, and Fraser Valley real estate markets are now bubbled in that they have taken the place of many Chinese companys valuations and debts (e.g. stocks and bonds) within the Chinese market. It is estimated that 90% of condominium sales in Vancouver are due to speculative buyers who are often offshore and never set foot in the asset they purchase yet they are paying top dollar, making home costs surge ever further for those who actually live and work in said market. Some of this activity is thought to be due to the ability to create offshore tax havens by owning property outside of one’s country of residence. Most of the condominiums built in Vancouver are single bedroom units, which act as safety deposit boxes for investors as families cannot physically fit into such tight quarters and therefore these units are designed so that the only people purchasing them will be investors and single individuals if they can afford it. It has been said that Vancouver is a manufacturing city which manufactures condominiums; the only caveat is that the exports manufactured stay put making future condominiums worth even more as there is less and less space available to build continuously with consistency. The resource of land is finite and unless buyers are willing to move further out from this hotspot economy, they will be forced to rent or live in less than acceptable living conditions, and sometimes both

Art Auction Giant Christie’s

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Creating the illusion of a bid in the room by an auctioneer to ensure a reserve price is met is perfectly legal and is often done so that Christie’s turns a profit because they are solely commission based and without a sale, Christie’s actually loses money when factoring in storage, transport, and the brokering of the piece which involves many people behind the scenes as well as the auctioneer. Antiquities of the art world tend to sell at bargain price points so Christie’s has put much of its resources into living artists whose works sell in the millions of dollars instead of hundreds, thousands, or hundreds of thousands of dollars. Most of these newer works have been created within the past 20 – 30 years and provide commentary upon a specific moment in time often one which the purchaser remembers during their own lifetime (e.g. tank man in Tiananmen Square, China)