Apple’s Steve Jobs again gets salary of $1 | iLounge News

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Apple’s Steve Jobs again gets salary of $1

pic Apple’s Steve Jobs again received a salary of $1 in 2004, according to an annual proxy statement filed Tuesday with the Securities and Exchange Commission. Jobs also did not receive stock options or restricted stock from Apple last year. “For years, Jobs, who co-founded Cupertino, California-based Apple, has taken a salary of $1,” reports Reuters. “In March 2003, Jobs voluntarily canceled all of his outstanding options, excluding those granted to him in his capacity as director.” Jobs is Apple’s second-largest shareholder, with more than 10 million shares, or 1.23 percent of the company’s outstanding share count, according to Marketwatch.

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Comments

1

uh so

Posted by Moshman in USA-CA on March 15, 2005 at 2:28 PM (CST)

2

I’d take a $1 a year in salary if I could have 10 million shares = CLOSE TO A BILLION DOLLARS any day!

Steve Jobs is no martyr. He’s making bocku-bucks.

Posted by FallN in New York, NY on March 15, 2005 at 2:40 PM (CST)

3

He’s overpaid :)

Posted by Weasel on March 15, 2005 at 2:49 PM (CST)

4

Ah, but the snippet said that he did NOT recieve any additional shares either. One would deduce that he draws his Apple income from the dividends he recieves from his well performing shares of company stock. Not too mention that the stock split when profits were announced in the last quarter. = Mo’ money…

Posted by Derek in Chicago, IL on March 15, 2005 at 3:00 PM (CST)

5

And on top of his Apple stock, he’s also got Pixar $$ rollin’ in.  He’s not hurtin’ for cash.

Posted by Brocktune in United States on March 15, 2005 at 3:13 PM (CST)

6

Co-ownership and no paycheck? Steve Jobs is a communist! Throw your Macs and iPods out the window! Run for the hills! Mmmmmmmm, stylish communism.

Posted by TeeteringSilence on March 15, 2005 at 3:26 PM (CST)

7

Steve had better buy that one iTunes song while he can. It will be dead silence on that private jet once the music labels force the price above $1.

Posted by Nagromme on March 15, 2005 at 3:32 PM (CST)

8

if steve is the second-largest share holder, who owns the most shares?

Posted by washer on March 15, 2005 at 3:51 PM (CST)

9

I don’t see why anyone thinks this is newsworthy. Exatly as Brocktune said, he has millions. He doesn’t need the salary.

You reach a point with your accumulated wealth where it’s not about money, because you got the money thing taken care of for generations. Jobs has past that point long ago.

I mean, it’s a nice PR thing and gets Apple’s name in the news, but it’s really a non-issue.

Posted by jinzo-ningen on March 15, 2005 at 3:52 PM (CST)

10

Overpaid? Hardly. Look at what he has done with Apple and Pixar. Enough said.

Fishes,
narco.

Posted by narco in Burbank on March 15, 2005 at 4:38 PM (CST)

11

You guys don’t get it do you? Yes, Steve is worth millions… or billions. Clearly he made a lot on his already owned stock last year. He could cash it out and hit the beach for all he would care… but he wants to better Apple, and is basically working and running the company for free at this point (although again making the company strong betters his share price.)

That is worth something isn’t? While it is hard to pat someone on the back who is working for free when they have billions, the reality is still the same… he devotes his time and energy to a company when he doesn’t “need” too, and for that it is newsworthy… and noble.

Posted by canyonblue737 on March 15, 2005 at 4:40 PM (CST)

12

Canyon is right. This isn’t a statement on Steve’s financial well-being, but a statement of his commitment to Apple.
Some CEOs keep hauling in huge salaries when they clearly don’t need to, but Steve is about Apple.

Posted by earthsick on March 15, 2005 at 5:50 PM (CST)

13

What about minimum wage?

Posted by TennBikeBerk on March 15, 2005 at 6:03 PM (CST)

14

RE: “he has millions”

just to clarify—steve jobs has billions, not millions, and has made the list as one of the 200 richest billionaires in the world.  his $1 yearly salary is a purely symbolic gesture.

Posted by petro on March 15, 2005 at 6:48 PM (CST)

15

he earns his ‘apple wealth’ purely from the performance of apple, which, as has already been mentioned, shows how he perceives a CEO should be rewarded. it’s an interesting idea that maybe other CEOs or company should look at regardless of anyone’s opinions on his personal wealth

Posted by yinyang on March 15, 2005 at 6:50 PM (CST)

16

Who effin cares if he took a dollar-or how much money he makes, what’s it to you?  He was instrumental in bringing to market some of the more innovative products in the last 20 years.
He has turned around Apple and brought it back to the forefront of computing-so for those of you who gripe and moan about how much he makes, or how he inst a “martyr” you should check yourselves. 

IMO of course.

Posted by thevoyeur on March 15, 2005 at 8:18 PM (CST)

17

Bocku?  What is that? :) :) :)

Posted by NeoteriX in Houston, TX or Westchester County, NY on March 15, 2005 at 8:23 PM (CST)

18

Hurray I technically make more than Steve Jobs, drinks for everyone!!

Posted by Zer0cool in Cold City AntArctica on March 15, 2005 at 9:02 PM (CST)

19

I stand by my martry statement, Voyuer!

He shouldn’t get a “pat on the back” for taking a buck! He’s making BILLIONS on the performance of Apple. He’s BILLIONS are tied to the perfomrance of the company, as duely noted by an above poster, so if he DOESN’T want to be on welfare due to Apple’s stock plummeting he HAS TO WORK HARD! I give him a thumbs-up for not being a typical vampiric CEO like 99.9999% of his bretheren, but that doesn’t mean the man is workin’ for FREE! Buck or no buck included!

He’s worried about his own pocketbook just as much as the next CEO just not as overt about it. I mean, if he didn’t give a crap about money, he’d donate all those MILLIONS/BILLIONS in stock to charity once he’s taken out a living wage. I mean, I don’t want the guy to starve or anything, but come on. The man is lining his pockets and his coffers and don’t you ever forget that.

Posted by FallN in New York, NY on March 15, 2005 at 9:35 PM (CST)

20

Hi, y’all.  New here.

I think y’all are forgetting something about Jobs—his EGO.

Yes, you’d expect that he wants Apple to do well so he can continue to be a billionaire, BUT IMHO, it’s more about ego than $$$ at this point for him.

Posted by LightOfTheWorld in New York City on March 15, 2005 at 9:47 PM (CST)

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