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The System Works!—11:31 PM

Apple just e-mailed me as a stockholder to let me off the tenterhooks I've been on for the last two and a half years regarding their stock option backdating "scandal."

The big, dense settlement says they're getting a payment from their "directors & officers" liability insurance policy, which supposedly offsets any losses we stockholders might have experienced due to the alleged (and denied) malfeasance of Steve Jobs et al. We'll get $14 million from the insurance company and immediately hand over almost $9 million of it to the various attorneys who filed sixteen different lawsuits against Jobs and the other executives in the matter.

Well I hope everyone learned his lesson! I'd feel better if the lawyers were then compelled to spend that money planting trees to offset the mountains of needless paperwork they created in this mess.

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