Apple’s CEO Steve Jobs took $1 salary again in 2010

Apple Online Store“Apple Inc. CEO Steve Jobs’ compensation package remained the usual $1 in fiscal 2010, but the value of the shares he owns has skyrocketed amid the company’s ongoing success with introducing shiny new gadgets many people come to find indispensible,” Barbara Ortutay reports for The Associated Press.

“Apple said in a filing with the Securities and Exchange Commission on Friday it paid a salary of $1 to Jobs, who rejoined the company in 1997 and has overseen the company’s explosive growth following the launch of the iPod, the iPhone and now the iPad,” Ortutay reports. “As is customary, Jobs got no bonus or perks during the fiscal year that ended Sept. 25, 2010”

Ortutay reports, “Jobs holds 5.5 million of Apple’s shares, which gained about 60 percent in value during the fiscal year and have continued to rise since. Apple’s shares closed at $333.73 on Thursday, bringing the value of Jobs’ personal holdings [in Apple Inc.] to $1.84 billion. Jobs, 55, has not sold any shares since he rejoined the company in 1997 following a 12-year hiatus.”

Full article here.

MacDailyNews Take: As always, that was best dollar invested all year.

28 Comments

  1. “Jobs, 55, has not sold any shares since he rejoined the company in 1997 following a 12-year hiatus.”

    It’s not about the money, it’s about the objective.

    Bill, Balmer and all the rest of the PC gang….what do you think it was about for them?

  2. “Jobs, 55, has not sold any shares since he rejoined the company in 1997 following a 12-year hiatus.” Clearly he still believes in the company. (Ballmer regularly redeems some of his MSFT holdings.)

    But let’s not worry about Steve. I’m sure he’s getting stock options on top of his $1 salary. And he’s worth a few billion from his Pixar/Disney holdings.

  3. Steve Jobs has been my hero since the late 1970s and he just gets better and better. Such titan souls rarely visit Earth so every day is an amazing blessing.

  4. For Mr. Jobs, its not about the money. It’s nice to have it in the bank, but what drives him is creating and delivering kick ass Apple stuff for us! ” width=”19″ height=”19″ alt=”grin” style=”border:0;” />

  5. Plants cast a shadow. You commies should try to be like that Yogie from India that doesn’t eat at all. Just lives on air supposedly. But then the people that don’t want us to hurt air might get upset……. Phony global warming anyone.

    Steve Jobs is my business and computer hero.

  6. Here is another great bit. The top guys who are at Apple “wants” to be at Apple because they want to create awesome stuff.

    The competition, the cloners, copycats and wannabe top guys…guess where their heart is for the company they work for. hehe

    “Top Apple executives, including Jobs, are employed at will, without severance or employment agreements, tax reimbursements or supplemental retirement benefits. The company also does not provide perks to the executives other than those available to non-executive employees, according to the filing.”

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