“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.
Bingo, C1.
I agree with ChrissyOne! But I think mike_in_helsinki has a great idea! Wouldn’t it be a great big thank you if all of us Mac users each gave $1 to Steve! I think he has earned at least $1 from me for what he has done for Apple in particular and computing in general. And what he has done has improved my life by at least $1.
Everybody send Steve $1!
PAY the man. Every time I see the Forbes 400 with Gates at or near the top and Steve buried in the hundreds, it honestly galls me.
Gulfstreams are nice, options are great, and I know Steve himself doesn’t care and would never say anything, but Apple really needs to “break him off proper”, especially with the 12-month period Apple has just had and the next few years they’re positioned for.
He shouldn’t have to BUY a yacht; Apple should GIVE him one that features satellite wireless (for worldwide access), Xserves, etc., and the most righteous, bangin’ speakers so he can jam and run Apple from wherever he happens to be.
” width=”19″ height=”19″ alt=”grin” style=”border:0;” /> Call it the “Truly Mac’n”.
Come on, Apple. Do the right thing!
Peace.
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Olmecmystic
Steve Jobs is worth it.
He has definately proved it year after year.
Lets be real here. Sure from payroll he earns a dollar.
But he also earns stock options.That is also payment.
Best sale man ever. SJ.
In all reality it probably reflects Steve’s view that the big gains to be made from Apple stock options are over, and he’d rather have some cash in the mix too.
As far as compensation goes, Steve got paid 650 million one way or another over the last 5 years. With Steve taking home the equivalent of about 10% of what Apple made in that time, he’s been doing OK.
Steve’s had his snout down the in the Apple options trough for so long, And for many years the ignorant have touted the “$1 salary” which really turns out to be $122 million/year.
Why now has he had a change of heart?