Apple’s CEO Steve Jobs took $1 salary again in 2005

“Apple Computer Inc. said Monday that Chief Executive Steven P. Jobs received a $1 salary and no other compensation for fiscal 2005, unchanged from fiscal 2004.. according to a proxy statement filed with the Securities and Exchange Commission,” MarketWatch reports. “Jobs’ 10 million restricted shares, which were granted to him in 2003, were valued at $532 million at the end of fiscal 2005, Apple said. The valuation was based on $53.20 per share, the closing price of Apple’s common shares last Sept. 23. The shares vest in full on the third anniversary of the grant date, subject to Jobs continued employment with the company. Shares of Apple closed Monday at $65.68 each. In addition, Jobs has 120,000 fully vested options that he received in 1997.”

Full article here.

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Related articles:
Secrets behind Apple CEO Steve Jobs’ $1 annual salary – February 03, 2006
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

34 Comments

  1. Loooong wait for ShortHorn:
    Does anyone know how much Disney is paying him?

    As a share holder of about 7% of Disney, he would then earn 7% of the stock’s performance, right?

    I know that he is on their board, but is he an actual employee?

    MW: amount. How fitting.

  2. As I understand it, he collects his dollar-per-year salary so that he can officially be on Apple’s payroll and, thus, get health coverage.

    I assume Apple has a pretty good health plan…

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