Researchers say that a CEO's health requires disclosure
Apple announced last week that Steve Jobs was taking a medical leave of absence until June, leaving techies atwitter about the CEO's health. Now researchers argue that the Securities and Exchange Commission (SEC) should require companies to disclose the health of CEOs to shareholders.
Uncertainty over Jobs' health has already stirred massive speculation and some angry rumor-backlash against news sites and blogs such as Gizmodo. PC World pointed out that the lack of information leaves journalists to rely on contradictory insider accounts and hearsay.
SEC regulations already require companies to disclose events and conditions that might affect a company's future or market value, such as financial risks from climate change, executive officer compensation, and uncertainty over liquidity and capital resources.
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