“For the second quarter in a row, according to the Form 10-Q the company filed with the SEC on Wednesday, Jobs — who is on sick leave — received no reimbursement for business use of his Gulfstream jet,” Philip Elmer-DeWitt reports for Fortune.
“Apple’s shares did even better the last time time its CEO was grounded for medical reasons,” P.E.D. reports. “From January to September 2009, while Jobs was undergoing and recovering from a liver transplant, the stock rose nearly 114%.”
Read more in the full article here.
Related articles:
Steve Jobs is flying again – April 23, 2010
Steve Jobs’ private jet mostly grounded over the last six months – April 24, 2009
Steve Jobs gases up his jet again – November 6, 2008
Apple CEO Steve Jobs is jet-setting again – July 24, 2008
Well, at least O-Bummer and his Merry Marxists won’t bother him as long as the jet sits. Of course, people could become unemployed……but the man-child won’t care, will he?
Ignorant clot. You have zero comprehension of what a REAL Marxist is. I suggest you talk to survivors of Pol Pot and The Khmer Rouge, Robert Mugabe, The Shining Path and those suffering in North Korea. But you won’t because it wouldn’t suit your stupid, childish prejudices.
SaleenDriver
Don’t fret. You hit the nail on the head, no matter what anyone says.
While you may be right about hitting the nail on the head (at the very least, it’s debatable), surely you can acknowledge that the term “marxist”, “communist”, “dictator”, etc as attributed to people in politics (Obama) or business (Jobs) in today’s world are gross overstatements, right?
A Marxist is someone who believes in Marx’s philosophies, doesn’t have anything to do with mass murderers…
I don’t know if Obama hits the top of the scale, but it’s clear his words and actions put him closer to Marxism than any other political philosophy.
Unfortunately were in deepening financial crisis and instead of following proven, undeniable economic history and wisdom, we have a president content dabbling with the flowery prose of socialism. The problem is that socialism has always just been rebranded feudalism, it consolidates power with a few in the state and lowers the rest to surfs. There is no arguing that Obama’s chief interest has been growing the “state” by adding more responsibilities and authority to government. So if anything ‘observer’ you take is a gross understatement/simplification and if anything I think the aversion to this ‘Marxist’ branding is more of a political fan club sensitivity to republicans. Bur you know what they say.. even a broken clock is right twice a day.
Right, that is exactly why Steve is a supporter of Obama and other Democrats – he is a marxist. What fantasy world do you live in? Probably the most noted capitalist of the last decade is supporting a marxist leaning President?
http://www.newsmeat.com/billionaire_political_donations/Steve_Jobs.php
Horse puckey. Mindless labels are just that, mindless. It’s clear you have no knowledge of the history of social justice if all you can do is yell Marxist. Some of the underlying direction for the social safety net came from Otto von Bismarck. (See Bismarck’s social legislation, Health Insurance Bill of 1883, Accident Insurance Bill of 1884, Old Age and Disability Insurance Bill of 1889) The very least you could do is rightly label Obama a Prussian!
Okay, so… How do you reconcile Obama’s massive welfare package for mega corporations(aka his “economic stimulus”) and his refusal to repeal Bush’s tax cuts for the ultra wealthy with him being a Marxist?
He’s been propping up the bourgeoisie at the expense of the proletariat during his time in office. Are you suggesting he’s a Marxist, but he’s so incompetent at it he’s actually doing the opposite of what a Marxist is supposed to do?
Or do you just have no idea what the hell Marxists are(neither does Rorschach, so don’t feel too bad)?
Ignorant right wing freaks.
People, please stick to the topics at hand rather than trying to relate everything to how bad you think Obama is.
“My shoe is untied. Damned communist president, spend your way out of THAT!”
Please, grow up, there are other forums for such ranting.
It is on topic. Ever since Obama made a big deal about corporate jets just a week or so ago.
John,
You hit your head on the nail, no matter what anyone says.
It’s neither heads nor nails.
At the risk of NOT using this forum to make juvenile political statements (of any color), I think that it is interesting that Steve’s jet usage is a news item. Also, since there is clear evidence that very high ranking Apple execs have been globe-trotting (Cook in China, for example) they must be using another set of wheels.
That is interesting to think about if they have their jets as well. The article mentioned that Jobs did not receive and reimbursements for use of his jet… I ask this with no understanding what a Form 10-Q is, or what it covers (business use/personal use/corporation use/other) but is it possible that the Apple execs just used the same jet (“Steve’s jet”) and they would be the ones get reimbursements?
Steve received the jet as a bonus from the board early in his return to Apple. Remember, his salary is $1.00 a year.
Steve gets reimbursed for business use of his Jet because HE owns the Jet. Just like if you use your personal car for a business function you submit an expense voucher to get reimbursed by your company.
The other Apple execs are either flying commercial (I know some that always fly commercial) or use a business jet service like Netjets. I don’t think Apple has any company owned aircraft
You Americans elected a real idiot this time around:
Political stump speeches – do you think the pols are going to cook up a new speech for every stop? What’s more important is getting facts right, which one of your front runners simply cannot:
http://www.politico.com/news/stories/0311/51179.html You are a mindless donkey.
Ok, the jet is down for needed rest and a little TLC on those hard run turbines. But, at least it is there ready and willing for Job’s to head off and conquer more turf from the Marxist, communist, socialist, and every other “ist” that one can name.
Oh, if no “ist”- just insert. Same difference! Dominated!!!
The headline is completely misleading. It does not mean the jet was grounded, just that SJ did not receive any REIMBURSEMENT FOR USING THE JET FOR BUSINESS USES. He could have flown every day, but paid for it himself. MDN’s headline (and it is MDN’s, not someone else’s) is wrong and misleading.
All this means is that Mr. Jobs has not used his personal aircraft for business use. He gets reimbursed for using it just like those of us that use our cars for business. I bet this is a lot cheaper for the company than Apple owning the aircraft. Apple pays Mr. Jobs a whole $1.00 a year for his services. I call that a pretty good deal! (Yes I am aware of the stock he has received. I am a Apple shareholder and he has done well by all of us!)
Imagine how poor old Ballmer would be if HIS yearly salary from Microsloth was $1.00 and he had to live off stock revenue!
OBAMA’S COLLEGE ROOMMATE SPEAKS OUT
By Wayne Allyn Root , June 6th, 2010
Barack Hussein Obama is no fool. He is not incompetent. To the contrary, he is brilliant. He knows exactly what he’s doing. He is purposely overwhelming the U.S. economy to create systemic failure, economic crisis, and social chaos—thereby destroying capitalism and our country from within. Barack Hussein Obama was my college classmate (Columbia University, class of ’83). He is a devout Muslim do not be fooled. Look at his Czars…anti-business…anti-American. As Glenn Beck correctly predicted from day one, Barack Hussein Obama is following the plan of Cloward and Piven, two professors at Columbia University. They outlined a plan to socialize America by overwhelming the system with government spending and entitlement demands.
Add up the clues below. Taken individually they are alarming. Taken as a whole, it is a brilliant, Machiavelliangame plan to turn the United States into a socialist/Marxist state with a permanent majority that desperately needs government for survival … and can be counted on to always vote for bigger government. Why not? They have no responsibility to pay for it.
Universal health care.
The health care bill had very little to do with health care. It had everything to do with unionizing millions of hospital and health care workers, as well as adding 15,000 to 20,000 new IRS agents (who will join government employee unions). Obama does not care that giving free health care to 30 million Americans will add trillions to the national debt. What he does care about is that it cements the dependence of those 30 million voters to Democrats and big government. Who but a socialist revolutionary would pass this reckless spending bill in the middle of a depression?
Cap and Trade.
Like health care legislation having nothing to do with health care, cap and trade has nothing to do with global warming. It has everything to do with redistribution of income, government control of the economy and a criminal payoff to Obama’s biggest contributors. Those powerful and wealthy unions and contributors (like GE, which owns NBC, MSNBC and CNBC) can then be counted on to support everything Obama wants. They will kickback hundreds of millions of dollars in contributions to Obama and the Democratic Party to keep them in power. The bonus is that all the new taxes on Americans with bigger cars, bigger homes, and businesses helps Obama “spread the wealth around.”
Make Puerto Rico a State.
Why? Who is asking for a 51st state? Who is asking for millions of new welfare recipients and government entitlement addicts in the middle of a depression? Certainly not American taxpayers. But this has been Barack Hussien Obama’s plan all along. His goal is to add two new Democrat senators, five Democrat congressman and a million loyal Democratic voters who are dependent on big government.
Legalize 12 million Illegal Mexican Immigrants.
Just giving these 12 million potential new citizens free health care alone could overwhelm the system and bankrupt America. But it adds 12 million reliable new Democrat voters who can be counted on to support big government. Add another few trillion dollars in welfare, aid to dependent children, food stamps, free medical, education, tax credits for the poor, and eventually Social Security.
Stimulus and Bailouts.
Where did all that money go? It went to Democrat contributors, organizations (ACORN), and unions—including billions of dollars to save or create jobs of government employees across the country. It went to save GM and Chrysler so that their employees could keep paying union dues. It went to AIG so that Goldman Sachs could be bailed out (after giving Obama almost $1 million in contributions). A staggering $125 billion went to teachers (thereby protecting their union dues). All those public employees will vote loyally Democrat to protect their bloated salaries and pensions that are bankrupting America. The country goes broke, future generations face a bleak future, but Obama, the Democrat Party, government, and the unions grow more powerful. The ends justify the means.
Raise Taxes on Small Business Owners, High-Income Earners, and Job Creators.
Put the entire burden on only the top 20 percent of taxpayers, redistribute the income, punish success, and reward those who did nothing to deserve it (except vote for Obama). Reagan wanted to dramatically cut taxes in order to starve the government. Barack Obama wants to dramatically raise taxes to starve his political opposition.
With the acts outlined above, Barack Hussein Obama and his regime have created a vast and rapidly expanding constituency of voters dependent on big government; a vast privileged class of public employees who work for big government; and a government dedicated to destroying capitalism and installing themselves as socialist rulers by overwhelming the system. Add it up and you’ve got the perfect Marxist scheme—all devised by my Columbia University college classmate Barack Hussein Obama using the Cloward and Piven Plan.
True per Snopes: http://www.snopes.com/politics/soapbox/overwhelm.asp
Wake up and smell the ashes… Left wing right wing… What a joke. Your country is circling the bowl. Your government is the second coming of Nazi Germany.
You got it!
A–f*ing–men!