Well, this may or may not work with what you have, but it is much less dependant upon the object type. It uses an iframe shim:
Code:
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/1999/REC-html401-19991224/loose.dtd">
<html>
<head>
<title></title>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
</head>
<body>
<object width="609" height="970" type="image/jpeg" data="some.jpg"></object>
<iframe style="position:absolute;left:30px;top:100px;" src="about:blank" width="25" height="19" scrolling="no" frameborder="0"></iframe>
<div style="position:absolute;left:30px;top:100px;background-color:black;color:white;">Hey</div>
</body>
</html>
The iframe comes before the division so is covered by it. Both are absolutely positioned over the object. The iframe covers the object and the division covers iframe.
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