“Steve Jobs, chief executive of Apple Computer Inc., was again paid $1 in salary and received no stock options or restricted stock for the company’s fiscal 2004, a regulatory filing showed on Tuesday,” Reuters reports. “For years, Jobs, who co-founded Cupertino, California-based Apple, has taken a salary of $1. In March 2003, Jobs voluntarily canceled all of his outstanding options, excluding those granted to him in his capacity as director.”
“Fueled by the success of its iPod portable digital music player and stronger sales of some models of its signature Macintosh computers, Apple’s stock price surged 80 percent in fiscal 2004, which ended September 25 of that year,” Reuters reports.
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Apple’s CEO Steve Jobs took $1 salary again in 2003 – March 11, 2004
HA! I make one dollar….AN HOUR!
is apply on a weekly, bi-weekly, or monthly pay schedule? if they get paid weekly, that means Steve Jobs received 52 paychecks, totalling $1 dollar, 12 checks if they get paid monthly. I wonder how much taxes they take out of a dollal salary, and then there’s the issue of Social Security contribution. Hmmm.
I believe this is $1 a year, so yeah, the paper is worth more than what was printed on it. Well, they probably take about $.25 or so, if any for taxes. I think he has done well enough, and with all pass pay checks and from what he gets at Pixar, he will do fine with getting some money back from SS when he retires.
I sleep better at night, knowing that no matter how crappy my job can be, I earn a salary that is several mangatudes more than the salary of one of the richest men in America.
Of course, my bonuses have never compared to his…
he gets a pretty good income from the rental of his plane back to the company for other executives and himself.
The moment Apple went public, Steve Jobs was assured of never having to work another day in his life.
damm. i could pay steve jobs’ salary.
God, if he’s ben getting by with one dollar, I say we see what he can do with TWO dollars.
Steve makes his money at Pixar, Apple is his hobby.
Isn’t there an issue with minimum wage? I mean, this is California after all…
Yeah! Ill offer him 2$!
Poor people are crazy, rich people are eccentric.
Steve became a billionaire the day Pixar went public. His legacy will be forever tied to Apple though.
He may take $1 for salary but he’s among the highest paid CEOs because of his stock options. This is just a gimmick… he’s as greedy as any other CEO.
“Give me a break”, if you read the entire article then you’ll find that he also received no stock options and no bonuses. He also gave up all of his previous options. He’s not as greedy as other CEOs. He wants Apple to succeed. Now, ask the CEO of placed like United Airlines (that is going bankrupt) how much he gets…
some care to explain this $1 business? i just don’t get it
Jimbo,
Here’s what Jobs got in the last 2 years for his $1 salary. Let’s see, $1 salary for $15 million in restricted stock. I’d take that any day. I’m sure there will be some other form of compensation for this year… he’s nodifferent then any other CEO.
2003
http://www.ciol.com/content/news/2004/104031202.asp
2002
http://news.com.com/2100-1040-866056.html
Sorry, I meant $75 million.
mattyg
Is a tax issue if as salary he only makes a dollar, there are taxation issues that he is sheltered from. It is not as altruistic as it sounds and the fact that the media reports it shows the showmanship part of the deal. Many CEO’s do the $1 bit. on the recommendation of their accountant.
That Steve Jobs is such a saint. Damn the blasphemers that doubt his worthiness.
News flash for ya’ll: Bill Gates has been giving Billions toward eradicating disease in Africa.
People like these improve our world. Sure M$ as a corporation is an oppressive juggernaught, but so will Apple when they get as big in the next 10 years. It’ll take an oppressor to defeat an oppressor and between them there will be some advances in technology, like spell checking in my web browser. yippie!
The ice caps will melt, flooding the coasts, then the natural ocean currents will seize and we’ll have an ice age. We’ll all be dead in the end, so what’s it matter if Steve Jobs get $1 or $1B?
I’ve got a Mac mini, a PowerBook, an iPod and OS X, and I read these stupid sites every single day. I can’t get enough. Go Steve go!
Hazard’s Dad,
Sending 800,000 copies of Office 2001 to Africa is NOT eradicating disease!
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Just kidding; yes, the Bill and Melinda Gates Foundation does do some great work, but notice there was never a “Bill Gates Foundation”. I think it took Melinda’s convincing (and the advice of his accountant) before Bill became so ‘civic-minded’.
He can work for me anyday. I’ll double his salary. Oh what the heck, I’ll triple it.
But seriously, how does he eat/live money most come from somewhere.
I don’t think Billy G gives billions to charity, certainly hundreds of thousands. which is the same as you or me giving 20 to 50 dollars once a year. No biggie.
John,
Think again. Bill gave billions to charity in 2003. I know he gave an obscene amount of money to charity last year too. I think 750 million. You may not like the man but he’s doing a hell of lot more than Job’s in this department.
2003
http://www.usatoday.com/tech/news/2003-11-21-big-gates-charity-total_x.htm
er… Bill Gates makes about 700 grand…
Kobe Bryant makes about 15 million
Gates doesn’t make a lot of money, he’s just incredibly wealthy because he owns stock..
As you may know.. MS stock isn’t exactly a pick of the week.. so it’s likely that Gates lost more money last year than most of us will ever hope to blow on Super Nibs and Chuck E Cheese tokens..
If Kobe breaks his knee, he’ll still have a lot of money, but his earning potential is squat..
If Gates breaks his knee, he’ll take a hovercraft into work, or just do the whole thing over the internet…
Actually, Bill isn’t the evil overlord that Mac fanatics paint him to be.
Don’t believe everything you hear about the Bill and Melinda Gates Foundation. In 2003, the Foundation gave $10 million to India to fight AIDS while at the same time Microsoft gave $100 million in software to India.
This organization has also invested hundreds of millions in pharmaceutical companies. I believe there’s a conflict of interest in that. How can an non-profit organization dedicated to improving the health of people around the world promote affordable medicine for third world nations (not to mention the U.S.) when they invest so heavily in the profits of pharmaceutical corporations?
Mike,
It’s like Chris Rock says. Shaq is rich. The man who signs his paycheck is wealthy.
[Actually, Bill isn’t the evil overlord that Mac fanatics paint him to be.]
That’s correct. Mac fanatics paint him as the evil overlord. He’s actually worst.
But then you only have to examine which ‘Kool-aid’ works better: Bills’ or Steve’s.
[Don’t believe everything you hear about the Bill and Melinda Gates Foundation. In 2003, the Foundation gave $10 million to India to fight AIDS while at the same time Microsoft gave $100 million in software to India…]
…to fight Linux!
Isn’t Bill required to give away millions of $$ by law??
BTW, I believe most of Gates’ financial assets in the pharmaceuticals are invested in Cialis. That particular drug could actually worsen the AIDS situation in Africa… if anybody there could actually afford it.
Go figure.
Jobs’ not sucking the juice out of Apple is more admirable in my book than Gates’ throwing a few (comparative) pennies at the AIDS epidemic. Steve is no saint, but I think he may just have more than a smattering of personal integrity.
Otherwise, he just thinks different.
If I’m not mistaken, the reason why it has to be minimum of $1 is to avail of company benefits (e.g. health, dental, in particular)
Seeing I so gallantly renounced my salary, would you consider a donation? There’s a PayPal button on my homepage. I need to pay the fuel for my jet, you know.
Magic Word: income.
Too dismiss the Gates Foundation’s BILLIONS of dollars in charity (yes, billions) illustrates how petty and pathetic some Mac users have become.
Think about it. You’re discounting a foundation that benefits millions of people around the world because you prefer one computer operating system over another. That’s just sad.
So a Pirate gives a small percentage of his ill gotten gains back to selected charities. That just shows that he or his wife still has a conscience. He needs to do a lot more before he balances his karmic universe.
Apple PR Bullshit! Who are they trying to kid.
This is a form of corporate lying. A cheap ass PR stunt that makes folks not believe what they are being told about Apple.
I dont know what the corporate governace dumbasses and PR hacks at Apple are doing, but they should stop this farce immediately.
Jobs, like many American executives, is being grossly overpaid and over lavished. Look at Gates .. worth some 50 billion dollars. That is a distinction of vanity.
Sorry to burst your bubble, j, but there is one CEO that isn’t greedy. Read at least the excerpt from the article. Steve Jobs cancelled all his stock options he received as CEO. He only kept the options from the short period he also worked as Director of Operations when the one had quit and the next one hadn’t started. As for his jet, that is getting a bit on in years now. Jets are very expensive to maintain. So all Steve Jobs got in 2004 was that $1, a token payment for his services as CEO of Apple, and returns on the stock he owns.
Also there is the little matter that there would not be an Apple today if it weren’t for him. Apple of 1995 and 1996 was dying of the greed and stupid decisions of its leaders. He came and saved it, and with him brought the seeds of the technology we now call OS X, all that remained of NeXT.
In the terrible fall of 2000, Apple stumbled badly. A mistiming in education, Microsoft dumping their shares (from the $150 million buyout Steve needed to save Apple), and bad sales, caused Apple shares to plummet. The computer world laughed, cheering the “death” of Apple: until the earnings warnings came rolling in across the industry and the PC market crashed! The great Apple tree bended to the ground, but refused to break in the storm. The rest of the PC makers scurried to their storm shelters, opening their doors only to fling tens of thousands of workers out into the storm to fend for themselves in the storm.
Steve Jobs came to the rescue again. He refused to shed workers, cut Apple’s prices, or cease Apple’s research and development as the others were doing. Instead his focused on more R & D. Apple returned to profitability the very next quarter. In March 2001, when the general recession began, Apple released OS X. When Microsoft released Windows XP, Apple upstaged them with the release of the first iPod. When the other PC makers came out of their storm shelters, they found Apple healthy and strong again, with great new technology, a futuristic new OS, and a growing foot-hold in the music world. Now Apple is growing faster than all the Wintel PC makers combined, has a majority of Microsoft employees as iPod/iTunes/QuickTime users, and has become the darling of the industry. Steve Jobs not only saved Apple, he made it stronger and better than ever before.
Yes, I know, in a world of corporate raider sharks, it is hard to believe a CEO capable of doing all this, let alone capable of doing this for love instead of money. But if this world of such greed is to ever change, it needs an example of what good CEOs can be. Steve Jobs is a human, and thus subject to his own flaws and foibles. But he is the closest thing to that example as you are going to get, a dolphin instead of a shark, who does what’s best for the company, instead of milking it for all its worth and then leaving, with a shattered mess left behind.
Now that Apple is strong again, Steve Jobs is free to pursue his dreams for Apple. I can’t wait to see what he does next.
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