You might want to reread the original post. Then read mine. Wait until you find an iPhone 50 yards out from a pier , buried in 1 foot of sand , in the water. Take 3 days of cleaning it up and finally getting access to the contacts. Reaching the owner and he says he's going to call the police and say you stole the phone. These kinds of things , like the OPs , will wear thin in no time. Regardless of whose name is on anything. I still make a feeble effort on returns. But nowhere near like I used to.
Kob, that is an amazing story. But .... not too amazing once you/we analyze it. Because while we md'rs simply ASSUME that the person knows they lost their ring or phone, yet .... what we DON'T always realize, is that the person who lost it, SIMPLY HAS NO IDEA WHEN OR HOW their item went missing.
So for all they know, it got stolen. There was a case of a gal who lost her very valuable diamond ring, while on a business trip, and was *convinced* that it must have been left on the hotel room bed stand. And that, therefore, an unscrupulous maid must have stolen it. Naturally, the hotel and their staff denied it, so it was just one persons word against anothers. And was left un-resolved. Meanwhile, it was just an honest case of fumble fingers at another location entirely.
So when the gal went to make a police report (required by her insurance), when it came time to check the boxes, she had checked "lost/stolen". Because in her mind's eyes, even IF she had left it on the sink at the women's restroom , when she'd gone to wash her hands, then the next passerby who pockets it, had "stolen it".
See how that works ? So in a way, the owner of the phone could indeed feel like you are now in possession of their property (and call it "stolen", if you like). But we md'rs have a different concept of how the ring or phone ended up on the beach. And we just *assume* that the owner is thinking the same way we are.
Thus I don't blame the people who don't lift a finger to find owners. I will still often-time do it (in the cases of class rings, or ID'ing script in it). But I do not fault those who don't.