BusinessWeek: Apple’s vote for Gore a ‘Risky Scheme’

In his “BYTE OF THE APPLE” column for BusinessWeek, Technology Editor, Alex Salkever outlines “why Apple shouldn’t vote for Gore.”

“The failed Presidential contender is a business novice whose board nomination raises more questions about Apple’s governance. In The Global-Investor Book of Investing Rules (Financial Times Prentice Hall), shareholder activist and gadfly money manager Robert Monks, with tongue planted firmly in cheek, coined a new rule for investors: Short the stock of any company employing a former Tennessee senator on its board. After all, Albert Gore Sr. sat on the board of oil giant Occidental Petroleum (OXY ) during a period of corporate misdeeds back in the 1960s. Former Senate Majority Leader Howard Baker of the Volunteer State was on the board of Waste Management (WMI ), another troubled outfit. Construction concern Stone & Young had on its board ex-Tennessee Senator Fred Thompson. It declared bankruptcy soon after his tenure.”

“Now comes 2000 Democratic Presidential nominee Albert Gore Jr., another former Tennessee senator, who has accepted nomination to Apple Computer’s (AAPL ) board of directors. If past is prologue, Apple shareholders better keep their eyes open and their ears peeled.”

Full article here.

52 Comments

  1. He is unqualified to help run a computer hardware company.

    He’s only been offered this position because of the name recognition and lobbying doors he can open.

  2. Is it wise to put politicians on a board of directors when it will automatically tick off the 50% of your customers and stockholders from the other party? How will adding Al Gore increase sales, profits and stock value?
    Pissed off stockholder and customer.

  3. Can You Believe It? We don’t have enough controversy
    now we have to entertain every polotico idealist with conversations about meaningless dribble and trite theories from every honest abe…To explain why Mr Gore…Does That Sell CPU’s? Well that Is What It’s all about Isn’t It Mr Jobs?
    Apple sells …or maybe we are switching,,,,,,,,,,,,,,,
    to buying hog wash …who knows ?

  4. Grow up!!!! Take a look at the board of any company and see how qualified all it’s members are to help run that company…. Steve Jobs was on the Board of the Gap for God’s sake… How qualified is he to sell jeans!!!! We should be MUCH more concerned about the Multi-Million dollar contract that was just rewarded to Haliburton… A company once run by Vice Prez DICK Cheney…. If you want an example of corperate/goverment abuse… Look no further…

    Hail George W. Bush
    Hail to the THEIF!

  5. Newspapers’ recount shows Bush prevailed
    USA TODAY

    “George W. Bush would have won a hand count of Florida’s disputed ballots if the standard advocated by Al Gore had been used, the first full study of the ballots reveals. Bush would have won by 1,665 votes – more than triple his official 537-vote margin – if every dimple, hanging chad and mark on the ballots had been counted as votes, a USA TODAY/Miami Herald/Knight Ridder study shows. The study is the first comprehensive review of the 61,195 “undervote” ballots that were at the center of Florida’s disputed presidential election.”

    Sorry to dash your illusions with facts, Flaming Libs. Click here for USA Today article.

  6. OK, I’m a staunch Republican and Gore wouldn’t get my vote for president But, as a board member of Apple I think he’s a good fit. He has values around the use of technology in education and I suspect he’s got a decent network of connections in gov’t and edu. With Steve’s active involvement I don’t think he’s really in position to screw things up on his own.

  7. HAIL TO THE THEIF!!! The Candidate that got the most popular votes is not the President of Our Democratic Nation… True this is a systematic problem, but it is enraging all the same… Plus it doesn’t hurt when your brother controls the pivotal state….

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