“After years of drawing just a dollar in salary, Apple CEO Steve Jobs could be in store for a raise,” Tom Krazit reports for CNET News.
MacDailyNews Take: We think Jobs will keep the salary at $1. He seems to like the concept. Other forms of payment, of course, are possible. He’s more than earned it.
Krazit reports, “Apple filed its annual report for its 2007 fiscal year Thursday afternoon, and hinted in a section about executive compensation that Jobs could be in for some real money fairly soon. ‘Because Mr. Jobs’s continued leadership is critical to Apple, the Compensation Committee is considering additional compensation arrangements for him,’ the company wrote.”
MacDailyNews Take: Papa needs a brand new jet. Among other things.
Krazit reports, “Now, it’s not like Jobs is hurting for money. According to Forbes’ most recent list of the world’s billionaires, Jobs ranks 132nd with an estimated net worth of $5.7 billion, $4.7 billion of which comes from holdings in Disney.”
Krazit reports, “The annual report notes that he holds 5.5 million shares of Apple stock through a series of restricted stock awards over the years–some more controversial than others–that have vested. But it also points out that he hasn’t sold a single share of Apple stock in the 10 years since he rejoined the company.”
MacDailyNews Note: 5.5 million shares at yesterday’s closing price of $164.30 is $903.65 million (on paper).
More in the full article here.