“Apple Computer’s Steve Jobs was the Bay Area’s most underpaid CEO in 2004, a dramatic turnaround from 2003, when he was one of the most overpaid,” The San Francisco Business Times reports. “Business Times research compared CEO pay with company performance for the 100 largest publicly held companies in the region. Jobs took home $1 in total compensation from Apple for 2004. The previous year, he took home $74.8 million.”
“The most overpaid Bay Area CEO in 2004 was Howard Pien of Chiron Corp.,” The San Francisco Business Times reports.
Full article here.
Related MacDailyNews articles:
Apple’s CEO Steve Jobs took $1 salary again in 2004 – March 15, 2005
Apple’s CEO Steve Jobs took $1 salary again in 2003 – March 11, 2004
he still made more than me….
b@st@rd….
$1 salary? So. Chambers of Cisco got that, too.
How many options or shares in their company did these guys sell in ’04? What was the value of their benefits? What’s the criteria for under- or over-paid status?
Yeah, but that $74 million was stock options, or was it his actual pay check. Because I thought he has been payed $1 since he came back to Apple in ’97
Let us not forget the Leer Jet !! …
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On another note …. does anyone have any thoughts on the issue of the upcoming “Pentium-D” processor … (slated for the Mactels, maybe ?)… and the talk about their built in DRM technology ??
What will this actually mean to us die-hard mac heads ??
I hear that there is lots of room for some underhanded dealings from Intel (or whoever) with this technology …
Any truth to that ??
What a guy…. Guess he likely still has a little of that 74 million left, and a few “perks” I’m sure, but still an honorly thing to do. Go Apple stock go…….
sorry mac dood… i actually know very little and now I am very currious.
I was under the impression that the mactells would not run on pentium chips but something else… i suppose a new pentium chip is something else tho.
mac dood, there is nothing wrong with Apple continuing to do what they have always done by designing their own controller chips. This is one reason why most peripherals work exceptionally well on Macs.
It would not be beyond Apple to incorporate a ROM with FairPlay onto their Mac’s motherboard to prevent Mac OS X from being used on non-Mac computers. This ROM could easily be designed within one of their custom chips, or for higher security, they can make all of the custom chips with FairPlay DRM so the whole set must be used simultaneously with the Mac OS X for the operating system to work at all.
It totally baffles me what the big stink is about Apple using Intel in Macs. Just because Microsoft wants to make a generic OS to run on a vast range of Intel boxes, that does not mean that Apple must, should or are expected to do the same. Apple makes OS X to sell computers. To have it run on competitor machines is suicide. Besides, do you want to be the one hired by Apple to sit in their customer service answering phone calls like, “I have an old HP computer running Mac OS X, and I’m using Adobe Acrobat to print images on the latest Lexmark printer. It doesn’t work. HP and Lexmark say it’s a problem with OS X drivers. What’s the problem?” Sadly, this is exactly the calls that Dell and HP get and most of the time the customer is treated to an endless loop of finger pointing. Apple makes the whole widget for stability, thus a much greater user experience. If a problem does occur, it is very quickly solved by a single Apple Technician.
In the future, I do not expect my user experience with Macs to be any different. In fact, with Apple’s history, I expect them to impress me year after year with innovations. If someone wants a Mac-experience, they know where to go. If for some warped reason someone thinks they can spend 2 years in their garage cramming a Porsche engine into their Ford Taurus and get the same Porsche experience, go for it! Like many quality devices, the whole is often much greater than the sum of its parts.
Going cheap is often the most expensive route!
Dank
yeah, I think I read somewhere that Intel will be equipping these P-D chips with 64-bit, so at least the future of 64-bit computing should thrive … should Apple use these particular chips ..
sDrawkCab :
I totally agree with your assesments… but I still wonder what effect the built-in DRM on these chips will have on the Mac experience ?
We have heard that Intel wants to get in bed with the RIAA and the MPAA… and use this DRM so maybe in the future, have a secure way of downloading full length movies from the internet … This is all well and good.. but, I’m wondering if there could also be an issue of some nefarious sort… which could become a side effect of this DRM technology that Mac users should be made aware of ?
After all … Intel isnt returning any calls to questions of this kind ..
Jobs has usually taken the $1 salary plus bonuses, such as the jet or the 74 mil he got in 2003 as a bonus. For 2004, he took no bonus. Therefore, he took home $1 US. Whether he sold stock or lived off the fat of the land, I have no idea. But I say, “Kudos!” nontheless.
Bottom line is…
He seems to be doing just fine for himself. End of story.
Companies, according to the Sarbanes-Oxley act, must report all income, whether from stock options, stock, bonuses, or massages. If the company reports a dollar, that’s all he earned.
His stock options were expensed to the company in the year that they were awarded. So if he was awarded the options in 2003, and exercised them in 2005, they would not count as income according to SEC regulations. For the IRS, they count as income at the moment he exercises them, not when he earned them. Stock bonuses are treated as both income in the year they are awarded by both the SEC and IRS.
Sales of stock or exercise of options are reportable on Form 144’s filed with the SEC, and I noted that Jobs had not. But I doubt he’s at the local Welfare office, picking up a check
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he doesn’t have to sell stock or live off the fat of the land, he is also the CEO of Pixar and he’s not on 1$ a year deal there.
On the contrary, Steve Ballmer is the most over paid CEO ever for a used cars salesman.
If I received $74.8 million in one year, I think I could make it last a couple of years.
I don’t care how good of a CEO Jobs is, he doesn’t deserve $74 million in a year. Nobody deserves that kind of cash when there are people starving all over the world. If I were him I’d give $73 million of it away to my workers and others less fortunate, and then live off the interest on $1 million for the rest of my life.
I wrote a report on Steve Jobs………. I know all….
Moe, you twit. Why don’t you get off of welfare and try working for a living. Those of us who do well owe nothing to those who don’t, unless it is in our conscience to do so. I don’t know about Steve Jobs, but I certainly hold nothing against him as long as he earned it ethically and legally; and I enjoy paying my taxes and earning a high salary because I do something that took lots of work, education, time, ass-kissing, and luck. Let me drive my Porsche right over your poor pathetic ass.
And what he does and what I do, and what the union worker does for those less fortunate is probably a lot more than your pontificating destitute dumb ass.
OnlyMacs: Good thing you’re not one of those rich assholes who thinks he’s better than anyone who earns less money.
OnlyMacs, kiss my ass you stuck-up piece of shit.
I hope the brakes fail on your Porsche and you plummett off the side of a cliff. Remember you’re born with nothing and die with nothing.
PoorPerson:
We may be born with nothing and die with nothing, but in between, it’s whoever has the best toys wins. Jobs earns his income the same as you and I do. When you helm a $11billion dollar ship successfully, let me know how much you think that job is worth.
Or, when you save a $4billion ship from sinking, turn it into an $11billion ship in a couple of years, then you can tell me whether the job is worth the $30,000/year you seem to think it’s worth.