“Apple Inc. CEO Steve Jobs’ compensation package remained the usual $1 in fiscal 2010, but the value of the shares he owns has skyrocketed amid the company’s ongoing success with introducing shiny new gadgets many people come to find indispensible,” Barbara Ortutay reports for The Associated Press.
“Apple said in a filing with the Securities and Exchange Commission on Friday it paid a salary of $1 to Jobs, who rejoined the company in 1997 and has overseen the company’s explosive growth following the launch of the iPod, the iPhone and now the iPad,” Ortutay reports. “As is customary, Jobs got no bonus or perks during the fiscal year that ended Sept. 25, 2010”
Ortutay reports, “Jobs holds 5.5 million of Apple’s shares, which gained about 60 percent in value during the fiscal year and have continued to rise since. Apple’s shares closed at $333.73 on Thursday, bringing the value of Jobs’ personal holdings [in Apple Inc.] to $1.84 billion. Jobs, 55, has not sold any shares since he rejoined the company in 1997 following a 12-year hiatus.”
Full article here.
MacDailyNews Take: As always, that was best dollar invested all year.