“Apple Computer Inc. said Monday that Chief Executive Steven P. Jobs received a $1 salary and no other compensation for fiscal 2005, unchanged from fiscal 2004.. according to a proxy statement filed with the Securities and Exchange Commission,” MarketWatch reports. “Jobs’ 10 million restricted shares, which were granted to him in 2003, were valued at $532 million at the end of fiscal 2005, Apple said. The valuation was based on $53.20 per share, the closing price of Apple’s common shares last Sept. 23. The shares vest in full on the third anniversary of the grant date, subject to Jobs continued employment with the company. Shares of Apple closed Monday at $65.68 each. In addition, Jobs has 120,000 fully vested options that he received in 1997.”
Full article here.
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whoa he’s loaded
lucky man
…oh and did we mention that he owns Disney too?
Loaded? hmm yep – i’d say so.
Z
How does the big Steve man put food in Steve Jr.’s mouth on only $1 a year? The malaysian chick who made my shoes makes more than that in a single month.
**Other executives of “corporate” “America” take notice!!**
Steve Jobs dosn’t need a <u>large salary!</u> Its all recycled back into the company!
Something none of you would ever do!
and worth every penny…
I wonder if he gets a paycheck every other week like everyone else. It would be for like less the 2 cents per check. I’d love to see how they deduct federal, state and social security tax lol.
Idiotic
He took $1.
I gave away billions.
Shut the hell up, Mac bitches.
Signed,
The Bill…
Oh I’m just a Bill up on Capitol Hill…
Why is this “news”. Beyond the $1 he’s received (definitely deserved) many perks – let’s put it this way – he ain’t going to be starving any time soon.
Who cares? After tax he would actualy take home only 70 cents.
Does anyone know how much Disney is paying him?
Steve can work for me any day. Hell I’d pay him 50 bucks a year unless someone can better my offer.
Loooong wait for ShortHorn:
Does anyone know how much Disney is paying him?
As a share holder of about 7% of Disney, he would then earn 7% of the stock’s performance, right?
I know that he is on their board, but is he an actual employee?
MW: amount. How fitting.
As I understand it, he collects his dollar-per-year salary so that he can officially be on Apple’s payroll and, thus, get health coverage.
I assume Apple has a pretty good health plan…
I think it’s time they double his salary!
He must shop at the 99¢ Store.
But what percentage of his salary went into his Employee Stock Purchase Program?
I bet he eats all his meals in the Apple cafeteria or something.
For each cent he’s been payed he’s added about a billion dollars to the value of Apple. I doubt there is any CEO in history that could match that achievement…
And as for the comment above that he is ‘lucky’.. well, you can figure whether that’s correct or not for yourself..
BUY Microsoft lol
Apple is breaking the law!!!! It’s not right to deny employees the minimum wage.
Evil evil Apple. Down with them, I say!!!
a very clever move…..
hes getting payed in stocks and options…. its only a tax thing. Hes paying far less taxes on his stocks as on a huge salary…
and then… who wants to sell AAPL shares anyways (except the last months….:-(
and it makes him look like a hero too……very clever indeed
It’s just a stunt. He milks the company like every other CEO. He puts this $1 salary up there to get good press but rakes in big bucks in other ways. He’s all about showmanship.
Now we know why iTunes songs are only 99 cents, he gets change back from the single song purchase he makes each year.
I say double his pay so he can buy a video if he wants too.