“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.
Full article here.
Related MacDailyNews articles:
Apple’s CEO Steve Jobs took $1 salary again in 2003 – March 11, 2004
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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