Steve Jobs Still Content with $1 Annual Salary - HotHardware
Steve Jobs Still Content with $1 Annual Salary

Steve Jobs Still Content with $1 Annual Salary

Talk about stretching a dollar. In a regulatory filing, Apple announced that its Chief Executive Officer, Steve Jobs, was again compensated just $1 in annual salary for 2010, which is something he has been doing for over a decade now.

"In 2010, Mr. Jobs’s compensation consisted of a $1 annual salary," Apple said in the filing. "Mr. Jobs owns approximately 5.5 million shares of the Company’s common stock. Since rejoining the Company in 1997, Mr. Jobs has not sold any of his shares of the Company’s stock. Mr. Jobs holds no unvested equity awards. The Company recognizes that Mr. Jobs’s level of stock ownership significantly aligns his interests with shareholders’ interests. From time to time, the Compensation Committee may consider additional compensation arrangements for Mr. Jobs given his continuing contributions and leadership."


It's safe to say Apple had a banner year in 2010. Despite the initial negative press surrounding the iPhone 4 mainly over the antennae issues, Apple's revenue grew to $65.2 billion last year, a increase of $22.3 billion or 52 percent over 2009. Net income grew to $14 billion, a whopping 70 percent increase over 2009.

As The Wall Street Journal points, out, "few CEOs are as important to their companies or so closely identified with them as Jobs is with Apple." And while Apple does offer performance-based cash bonuses, Jobs doesn't participate in the bonus program.
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Hmmm.... Now that is his genius, I truly want to know how to live on a dollar a year!

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Steve owns 138 million shares of Disney stock, from when he sold Pixar. So, who needs a salary when you have $50M a year in Disney stock dividends rolling in?

In fact, he's a genius, because the dividends only get taxed at 15%. If he took a "real" CEO salary, he'd undoubtedly be in the highest tax bracket.

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3vi1:

Steve owns 138 million shares of Disney stock, from when he sold Pixar. So, who needs a salary when you have $50M a year in Disney stock dividends rolling in?

In fact, he's a genius, because the dividends only get taxed at 15%. If he took a "real" CEO salary, he'd undoubtedly be in the highest tax bracket.

Wow, Thanks for the Info,I Didn't know that. Looking forward to what Apple has to offer for 2011. 

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WOW he is one clever guy. Not getting an income for being a ceo and make everyone think he is living off a dollar xD when he is living the life with 50m :)

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"Despite the initial negative press surrounding the iPhone 4 mainly over the antennae issues" I wish it was only the antenna issue, Let say it was software and hardware issue :)

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Oh yes he is just one massive bleeding heart, what a saint...

/sarcasm

Lmao idk but I just don't like the guy at all, he always has that "villain in the movie" expression

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I couldn't care less what they pay him or what he makes elsewhere. It's sure that he makes lots of money, but he steered Apple out of the Crapper when they were a huge FAIL, so I think that he deserves all of it.


I hope he is able to live long enough to enjoy his life.

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Please correct me if I'm wrong, but wasn't Apple just about to go under when Bill Gates GAVE them a crapload of money to stay afloat so Microsoft would avoid becoming a 'monopoly' and regulated by the government?

...just sayin'

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@s13:

Not exactly "GAVE".

They bought $150M in Apple stock (worth quite a bit more now) and agreed to support Office for 5 more years in order to get Apple to agree not to sue them over the OS patents Windows was allegedly infringing.

Apple also had to agree to make IE the default Internet browser on the Mac (so that MS could run NetScape out of business). AND, Apple agreed to work with Microsoft to "ensure Java consistency", which basically translates to "shun Java so that Sun doesn't steal any developers locked in to Windows".

You are correct though, in that Microsoft was right in the middle of losing their antitrust suite at the time (later appealed) and had sudden great motivation to keep Apple in business until they could reverse the decision.

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For a $1 a year salary his CEO slush fund has got to be huge. He lets the company pay for everything so he dont have to lol. Apple is such a joke but herd mentality gets people every time and Apple exploits the hell out of that.

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Yeah genius, Who hides his income so effectivly then tells everyone else to give away their billions and support higher taxes!

Why doesnt he bring all those jobs back from China and put his money to good use!

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animatortom:

Yeah genius, Who hides his income so effectivly then tells everyone else to give away their billions and support higher taxes!

We didn't say it wasn't evil genius.

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How much can two friggin black polo neck jumpers cost? He buys em from Primark .. THATS how he lives on a Dollar a year!

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