Bloomberg: Apple’s Jobs should give back the $85 million

“Apple Computer Inc.’s Steve Jobs should give it up,” Graef Crystal writes for Bloomberg. “What am I talking about?”

Crystal writes, “Some $85 million or so that the chief executive officer collected because of a sleight-of-hand the maker of the iPod music player and Macintosh computers engaged in when it awarded Jobs some mammoth stock option grants. That’s money that should go back to the shareholders.”

“Apple’s well-oiled public relations machine has said that because of ‘irregularities’ in the grants, the options were canceled ‘and resulted in no financial gain to the CEO,” Crystal writes.

Crystal writes, “Nothing could be further from the truth.”

Full article here.

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33 Comments

  1. Jobs should be compensated for what he has done for Apple. The options were not used. He was paid with shares. If the share holders do not like that, they can fire the board. I am a very happy shareholder. I feel Jobs has brought a lot of weath to many shareholders and he deserves some of the wealth.

  2. Microsoft should put Steve Jobs on it’s payroll. Given all that Microsoft has stolen from Apple and all the various Mac OSes, he’s worth a few billion at least.

    Seriously, where would Windows be without the Macintosh?
    DOS prompts, command line bullshit and all!

    The BSOD is the ONLY Microsoft innovation!

  3. Put that one to the shareholders and I think I hear a roar of “thank you” and certainly no cries of “you robbed us”.

    He saved the company and turned it into the most formidable force in computers and consumer electronics at the same time as producing returns for shareholders they could not have dreamed about – even in 2003…

    Silly notion in my opinion. Disregarded.

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