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Jan 08, 09 - 11:50 am Comment from: iWill

That was a dollar well spent.

Does he not make bonuses or any of that type of thing? Are interest checks on his investments his steady income?

I don't quite understand how it all works? He's accustomed to a lifestyle - how does he pay for it on a daily basis?

Jan 08, 09 - 11:59 am Comment from: Jubei

And all the blogers anti-apple tards are pointing how much he's losing half a billion... like Mr. Job really cares. Jobs doesn't give a hoot about that, he's got plenty already. His passion for the Mac is true, unlike Ballmer and Gates.

Ever see Gates or Ballmer on stage demoing all sorts of software and hardware like Jobs does. Nope.

@Jubei

exactly. i don't think they understand that a guy that gets paid $1 a year doesn't reallycare about the money loss.

I hoped he saved the 1 dollar he makes every year so he can afford the fuel for his plane. So far he has saved 10 dollars.

On a different note, shouldn't Apple at least pay him minimum wage?

Jan 08, 09 - 12:19 pm Comment from: jtc

Does this mean he qualifies for welfare? Shouldn't he be getting food stamps and government cheese?

@buster

plane is paid for by apple. can't remember where i read it, but apparently apple pays for everything. food, travel, turtlenecks and toilet paper.

@JTC

i guess he would if he only got income from apple.

he also gets paid from disney and his other investments he might have made.

In case you missed the last part of the article, due to the recession, Steve Jobs has accepted a paycut for 2009, bringing his annual salary down to 74 cents.

All these board directors that sit on big companies that are losing money but are continuing to keep their failing CEOs and giving execs pay raises and bonuses in these economic times should fire themselves.

Jan 08, 09 - 01:00 pm Comment from: lurker

@Jubei - He gets more of what's important than almost anybody on the planet - he kicks ass doing what he loves. Can't get a bigger paycheck than that. I wonder if the Big Three or Wall Street might do better with people who were passionate about something other than their bank accounts.

Given that Apple hasn't yet improved the design and performance of the Mac mini and iMac models, Jobs is vastly over paid and under performing.

Steve used to get $50 a year from Pixar!

Steve has sold some Apple shares in order to pay taxes, iirc, on those shares.

To cb's question, there's no interest on shares. Pixar and Apple did not pay dividends, so Steve didn't get money that way. You can pledge your shares to a bank as collateral and get a loan. Sort of like borrowing on margin.

My impression is that Steve cashed out his initial Founder's shares in Apple back when he got booted, and has been living off that ever since, putting $10M of it into Pixar, and building up NeXT.

Jan 08, 09 - 01:42 pm Comment from: MacintoshSoftwareList.com

Wow, I guess money isn't everything!

You Apple ass-suckers don't get it, do you? You act as if Jobs is performing some great philanthropic act by accepting a $1 "salary", when just two years ago he was the highest paid CEO in the country because he takes his payment from Apple in the form of stock compensation which, by the way, means he gets to pay less taxes than if the money came to him in the form of an actual salary. He's little more than a greedy, tax-evading crook who, incidentally, also received almost $900,000 from Apple last year just for using his private jet.

Yeah, it's like that, fanboys. Go suck yourselves.

http://tinyurl.com/ywynw3
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http://www.typicalmacintoshuser.com

Jan 08, 09 - 03:18 pm Comment from: Brau

Steve Jobs the person receives $1 but his business (Steve Jobs Inc.?) makes millions in stock options, that way much can be written off to business expenses. It is exactly how my boss at work pays himself and how he advises us ... if we are willing to do the paperwork to save the extra money.

@The great whatever

evading tax? as opposed to other CEOs that take the stock compensation, take the big paycheck and then put it all in a oversea account?

i am pretty sure he used the plane for company purpose, so why apple paying $900,000 such a big deal? when my father drives his car for a company, he gets paid for the gas and mileage. its not new.

Jan 08, 09 - 03:21 pm Comment from: Shadowself

@Peruchito
He only gets reimbursed for costs on the use of the plane when used for Apple related purposes. If he flies somewhere for vacation or a weekend outing with his family Apple does not reimburse him anything.

@The Gre4t Apple Fanboy Massacre
Virtually every pundit on the 'net has gotten the whole stock grant issue to Jobs wrong. (I'm going to use round numbers in this example for illustrative purposes.) If Jobs got 1,000,000 shares of Apple on 1 January stock then currently valued at $100 a share and the strike price to Jobs was $80 a share, the press would say that Jobs was given $100,000,000 in Apple stock. In reality, Jobs would have to pay $80,000,000 for that stock so the real value of the deal to Jobs is only $20,000,000 NOT $100,000,000. To make matters even worse, if on 31 December of that same year Apple's stock value had increased to $300 a share those same pundits would say that Jobs got paid $300,000,000 rather than the fact that he still got just $20,000,000. The difference between $100 a share and $300 a share was pure stock value growth. It had NOTHING to do with the compensation Apple gave him.

This is how the STUPID analysts come up with Jobs being the highest paid CEO on the planet. Their accounting methods make Enron or any of the bailout companies look 100% accurate!

Look at it a totally different way.
I tell you that if you give me a $1 bill I will give you this $2 bill.
How much did you really gain? $2? Of course not. I just gave you $1. I did NOT give you $2.
Then sometime later, some dollar bill collecting group decides a certain set of $2 with certain serial numbers are now worth $10 each to them as collectors' items. Your $2 bill happens to be within that range of serial numbers. You could say the value of your $2 bill is now $10. However, I still only gave you $1 since I gave you $2 and took $1 in return. I did NOT give you $10. May online pundits are claiming that I had given you $10. That is how they come up with Steve Jobs being the highest paid CEO on the planet. It's just extremely creative way of looking at it and is not based in reality.

Steve Jobs just might be the most effective CEO in the United States. Anyone who complains about how much he makes is petty and can't see the big picture.

If you want to get your panties in a knot, how about that Exxon executive who got the $400 million retirement package? That was excessive beyond belief. Or how about the auto executives who flew in their private jets to ask congress for a bailout? You don't see SJ doing anything as asinine as that. He doesn't have to. He came from a middle-class family and became a self-made billionaire. He is the pinnacle of the American success story and we should all be proud of him.

@The Gre4t Apple Fanboy Massacre
You are a coward, uploading a link like that. I suppose that is you in the picture? How degrading by the way, you must feel like, well sh**.
Why do you want to post here an MDN? Seems like a strange thing for you to do as you are simply trying to ravage Apple and its products.

@ everyone

Can someone PLEASE contact Apple in regards to the disgusting link from "The Gre4t Apple Fanboy Massacre" above.

The domain name in question is a blatant violation of Apple's trademark of "Macintosh" and Apple should be easily able to have that website shut down in a matter of hours, and file a lawsuit against the perpetrator if necessary.

@Shadowself

thats what i meant.

PS, great post about the whole stock thing. i was thinking of explaining it myself, but i am terrible with such things. good job!

Jan 09, 09 - 12:48 am Comment from: AAPLguy

" ..which, by the way, means he gets to pay less taxes than if the money came to him in the form of an actual salary."

No you moron, it just means his taxes are deferred. He pays taxes when sells the stocks. You could do the same thing if they offered something like this at your job at Blockbuster.