“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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