“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.
Now he can buy .99 clippy and have money left over!
With success such as this, ones payment in immortality far surpasses the mighty dollar!
“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?
“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.
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.
The most underpaid CEO in the history of business.
Its good to be the King
Is Jobs supernatural? What does he live on? Previous accumulated income?
Two words:
“Think Different”
Not just a slogan or lip service for Steve.
@Ballmer’s left nut – He’s a leverl-5 vegan – he doesn’t eat food that casts a shadow.
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!
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If only the value of the dollar wouldn’t decline so rapidly….
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.
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.”
Putting a little dent in the universe, one dollar at a time.
I don’t know how that guy can afford to pay his bills.
That’s only .70 after taxes.
Apple should give Steve $1B worth of shares ASAP. Better yet another 5.5 million shares. He is worth it and more.
> Jobs, 55, has not sold any shares since he rejoined the company in 1997 following a 12-year hiatus.
But he did “trade in” a huge number of (then) underwater AAPL options for actual shares. If he had kept those options, he would have a few more BILLIONS in his portfolio. I guess even Steve Jobs does not have perfect “future vision.”
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And doesn’t he still have ONE share left from Apple 1.0? I wonder what the percent capital gain is for that share.
does he get it all at once or a direct deposit every two weeks?
He holds MANY shares in DIsney and earrns about$ 30+ million a year in dividends. Thats how he lives on $1 dollar from Apple.
@ Jenny Hey there, Boo Boo!
“…You commies …. Steve Jobs is my business and computer hero.”
But Jenny it is reported that Steve Jobs is a pescetarian … so get out your little red book and doth your <strike>Lennon</strike> Lenin cloth cap with the little shiny red star on it; my little apparatchik.
Oh! and I think you will find that Yogie is from Jellystone Park, Ha ha, I’m smarter than the average commie red bear!
Jobs is on a mission to buy microsft and have cash left over!
Apple’s position as the 2nd most valuable company in the US would have surprised many that Steve Job is only the 42nd richest tycoon on Forbes 400 list with a measly 6.1 billion. Even more surprising is that Steve Jobs’ wealth does not dereived from Apple but from his shareholding in Pixar, Disney.
Yet Steve Jobs has labored his butt out to make many millionaires for those who believe in Apple’s mission. This proves that money is not Steve Jobs’ motivation but his fierce passion for making great products has make the world a better place and enriched the tech industry while others were content to worship and chase after mammon first and then produced trashy products copied from the great innovating company, Apple.
These others are the likes of Microsoft, Google, Dell and HP.
This is really funny and great!
There are allot of other rich CEOs that could follow Jobs way. It’s ALLOT of goodwill on it.