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

21

OMG…
why does everyone get so salty about someone else’s success?  What have you done thats so special, that you feel you deserve Jobs’ wealth?  When was the last time you rescued an enterprise from certain doom?  When was the last time you influenced a product that was so influential- it became a dominant icon of pop culture?  All you salty dogs out there need to look in the mirror and ask yourself if you’re really in the position to criticize Jobs’ accolades and accomplishments. 

EGO or NO EGO, who cares!!!  As much sweat as he has put into this company- he deserves some ego.  I don’t really care, it doesn’t affect me personally.  He EARNED it.  Thats a word so many of us have no understanding of anymore.  We want everything just handed to us. 

I swear people think that money is everything.  THERE IS MORE TO LIFE than money, so get a life!

Sorry for ranting, but I get so TO’d when I read about people bashing other people because of their accomplishments.

Posted by apple juice in USA on March 16, 2005 at 5:10 AM (PDT)

22

LOL!  Take it easy.  Seems to me that most of us are just chit chatting, not really bashing Jobs.

“EGO or NO EGO”, it’s not really my concern either.  I was just pointing out something fairly well known about Jobs is all.  And I agree that there *is* more to life than $$$, which was why I pointed out the ego thing. grin

Anyway, I’m quite certain 99.9% of the chat that goes on around these kinds of forums are not all that important in the grand scheme of things much like the chat in this particular thread.  Take it easy…

Regards…

Posted by LightOfTheWorld in New York City on March 16, 2005 at 8:14 AM (PDT)

23

Millions, billions, who cares? The point is, it’s not about money. Nor is it noble, except to Apple Computer fanboys and those who are employed there and have an income because Jobs continues to run Apple. Surely, without Jobs, Apple would have folded long ago.

The success of Apple is a passion for Jobs. Yeah, he could be on the beach instead, everyday of his life from this point on, but he chooses to go with what he loves to do. But, all this is certainly nothing new. He does it because he loves to do it, not because he has noble ambitions.

Well, I suppose in that sense, it might be considered “news”.

Posted by jinzo-ningen on March 16, 2005 at 9:03 AM (PDT)

24

I love my ipod and enjoy using itunes but isnt steve screwing himself by not allowing you to download from other sites. Isnt this the same sort of thing that got apple in trouble back in the day when microsoft slowly took over. Ipod dominates the market (just like apple did the pc market 20 years ago) but by not allowing you to download from other sites wont this eventually hurt? Just curious what people thought.

Posted by Goodlovin in chicago on March 16, 2005 at 9:35 AM (PDT)

25

Goodlovin,

What do you mean, not allowing you to download from other sites? Do you mean, not directly supporting other propietary formats, like RealPlayer’s format or Microsoft’s WMA?

I mean, otherwise, if you can download from other services as mp3, you should be able to copy the file straight into iTunes, unless there are DRM issues.

Posted by jinzo-ningen on March 16, 2005 at 9:51 AM (PDT)

26

ya I did mean with the DRM issues. I can understand why they do it but it just means everyone else is using wma and we are using aac.

Posted by Goodlovin in chicago on March 16, 2005 at 11:15 AM (PDT)

27

It’s funny—with a $1 a year, Steven Jobs almost makes more money than the sweat shop workers in Malaysia. At least he’s keepin’ it real.

Fishes,
narco.

Posted by narco in Burbank on March 16, 2005 at 12:09 PM (PDT)

28

What I would actually like to know is when will the iPod Photo become a full-featured product for photo enthusiasts?

I’m not too crazy about spending that much $$$ on the extra bit of convenience (over just using a discman)—that’s besides needing to selectively rip from my large-ish CD collection and convert to Apple Lossless—no MP3 for me.  But having reasonably full-featured photo storage capability on top would definitely convince me to buy a 60GB iPod Photo.  But I need support for RAW format though—not necessarily to look at the photos, but at least to verify that the transfers went fine before I reformat/recycle my CF cards.  Also, decent transfer speeds w/ minimal battery drain would be good.

I don’t even care that much about the slideshow thing for output to TV as that’s more a gimmick than anything although this pro wedding photog makes serious $$$ by including that kind of perk (amongst many) for his clientele:

http://www.rangefindermag.com/Magazine/Feb05/colon.tml

Would also be nice to have better resolution display w/ zoom review plus histogram review comparable to (or better than) the standard on digicams, but that too is not that big a deal.

Ultimately, I’d actually want more of an iPod PDA so I can have other kinds of apps like this one that’s very useful for photographers:  grin

http://www.dofmaster.com/custom3.html

Nothing like WinCE mind you, but maybe something more like the Palm Pilot.

Regards…

Posted by LightOfTheWorld in New York City on March 16, 2005 at 12:32 PM (PDT)

29

Keep in mind that Apple yesterday filed to request shareholders to give executives/employees more options.  (He’s one of them…...)  Personally, I don’t care, all CEO’s make their money in options!!!!  Most even take a lot of salary as well.  All said and done, he’s not being a pig, but working to make Apple better instead of cashing out.  he should be commended.

Posted by AndyDK in USA on March 16, 2005 at 12:45 PM (PDT)

30

Keep in mind that Apple yesterday filed to request shareholders to give executives/employees more options.  (He’s one of them…...)  Personally, I don’t care, all CEO’s make their money in options!!!!  Most even take a lot of salary as well.  All said and done, he’s not being a pig, but working to make Apple better instead of cashing out.  he should be commended.

Posted by AndyDK in USA on March 16, 2005 at 12:45 PM (PDT)

31

First of all he does the 1$ thing just to save money on taxes

Second, Apple pays a lot of his stuff… doesnt he have exclusive use of a private jet?

Posted by Point 3 on March 16, 2005 at 1:26 PM (PDT)

32

Hmmm…  I wonder if he actually qualifies for tax credits w/ a $1 salary. grin

Anyway, if nothing else, the whole thing probably makes for good publicity for him and Apple.

Posted by LightOfTheWorld in New York City on March 16, 2005 at 3:05 PM (PDT)

33

Yes, yes….all well and good. But the BIG question is, does Apple pay him that $1 in one lump sum (and if so, does he get it at the start of the year or at the end) or do they prorate it semi-monthly over the entire year?

wink

Posted by jinzo-ningen on March 16, 2005 at 4:50 PM (PDT)

34

That would make it that he gets 1.917808 cents weekly. The bank would then have to round it up to two cents which would mean he actually earns $1.04 per year.

A 4% windfall (plus interest) for Steve from the bank ... not bad. Better hope he’s got a no bank fee account.

Posted by Cyberwhore in Perth on March 17, 2005 at 5:06 AM (PDT)

35

FYI…

Q: Does Apple pay a cash dividend?
A: Apple does not currently pay dividends on its common stock. Apple paid dividends from June 15, 1987 to December 15, 1995.

Posted by chashulme in Southern California on March 18, 2005 at 4:11 PM (PDT)

36

Stevo would still have to pay taxes on any gains he made from shares…

He’s not tax-free, I’m quite sure.

Posted by bluejacket in London on March 23, 2005 at 3:38 AM (PDT)

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