“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…