Dec 31
Apple posted in their most recent annual report that Apple CEO Steve Jobs has received just $1 salary - the same amount as the past 2 years. He also got 10 million shares which if he sold at todays stock price would be worth around $848,400,000.00. Not bad for a years work…
December 31st, 2006 at 3:19 pm
He’s really cool. I admit him.
December 31st, 2006 at 4:58 pm
Don’t you mean $848,000,000.00?
December 31st, 2006 at 5:11 pm
Nick - today’s closing was $84.84.
December 31st, 2006 at 6:35 pm
Umm…is it really all that amazing for someone to take $1 salary in exchange for that much stock? You’d be stupid not to do that. $500,000 or a tiny bit of risk (which you hold the position involved most with controlling) and the possibility of turning your $848,400,000.00 into even more?
December 31st, 2006 at 6:38 pm
he’s the man, i worry about apple once he retires.
December 31st, 2006 at 6:40 pm
Erm, not to mention the dividends he gets paid on those shares…
December 31st, 2006 at 6:44 pm
this guy is awesome
December 31st, 2006 at 6:45 pm
well dang more than the pay me for my sweatshop work
/ i included stock
// sweatshops have bad dental plans
December 31st, 2006 at 6:45 pm
nice try nick.
have fun in middle school
December 31st, 2006 at 6:47 pm
Don’t you mean $848,400,000.00 + $1?
December 31st, 2006 at 6:54 pm
“He’s really cool. I admit him.”
how is that cool? It’s not like he isn’t making a grip in other ways.
December 31st, 2006 at 6:56 pm
Steve takes the buck…
Steve Jobs, CEO of Apple Computer, Pixar Animations, and Large shareholder in Disney Pictures, has taken his annual salary from Apple… one dollar, the same amount he has recieved in the past two years.
But the catch is.. He also got 10 million sh…
December 31st, 2006 at 7:17 pm
BeN, you admit him? As in his existence? That’s quite a daunting task for you to take on!
December 31st, 2006 at 7:54 pm
This nothing more than a tax dodge. What a scammer.
December 31st, 2006 at 7:58 pm
$848 400 000,00
December 31st, 2006 at 7:59 pm
[…] Source […]
December 31st, 2006 at 8:16 pm
After back-dating stock options, one would only hope that he would take a 1 dollar salary
December 31st, 2006 at 9:02 pm
[…] read more | digg story […]
December 31st, 2006 at 9:05 pm
so multiply 84.84 by 10 mil
December 31st, 2006 at 9:06 pm
i heard hes an asshole tho
December 31st, 2006 at 9:07 pm
This just makes it look like hes not all about the money, sure he gets a one dollar salary, but in reality he’s gettin close to a billion.
December 31st, 2006 at 9:12 pm
No it would be 848,400,000.00 just so you know
December 31st, 2006 at 10:21 pm
Well, i guess he wont be paying income tax.
December 31st, 2006 at 10:25 pm
Nick - Most execs take the millionsin stock AND a $500,000 salary.
December 31st, 2006 at 11:35 pm
Wow way to avoid income taxes…
January 1st, 2007 at 1:09 am
[…] Apple posted in their most recent annual report that Apple CEO Steve Jobs has received just $1 salary - the same amount as the past 2 years. He also got 10 million shares which if he sold at todays stock price would be worth around $848,400,000.00. Not bad for a years work… read more | digg story […]
January 1st, 2007 at 1:40 am
For all that he’s done for Apple, he deserves that he is taking. Think about it, would you be able to take an mp3 player and turn it into hotcakes like he did?
January 1st, 2007 at 2:24 am
jobs will have to pay taxes when he sells the granted stock. if he holds the stock for a year, he will have the benefit of paying capital gains tax at 28% rather than income tax throughout the year had he been paid a salary. if he sells any of the shares before the year is up, he will have to pay taxes at regular income tax rates, even though it is a capital gain. additionally, if they are options, he is not getting the whole $84.84 to himself but the difference between the strike price, which was established the day the option grant was granted and the price of the shares on the day that he decides to sell them.
think about it. if he were paid cash, he would not bust his ass as much to ensure that apple produces better products, provides better services or manages itself better all which is required to increase the value of apple’s share price. jobs is in the same position that a commission-based sales person is in. if he don’t perform, he doesn’t get paid (well).
think differently, performance based compensation.
January 1st, 2007 at 2:58 am
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January 1st, 2007 at 3:28 am
I admit him because he raised Apple from dead. $1 is nothing much. He still gets a lot from his shares.
January 1st, 2007 at 4:56 am
Does he actually need more money to live?
January 1st, 2007 at 5:53 am
// tax dodge 15% experiance
/// evasion levels up!
January 1st, 2007 at 6:02 am
so what if he is just dodging taxes! steve jobs will use the money better than our government *cough* largest defence budget in the world *cough*
January 1st, 2007 at 8:15 am
You ADMIRE HIM you daft bastard, you don’t admit anything.
January 1st, 2007 at 12:04 pm
Ben, learn English. You more likely admire him.
And yes, it’s so “cool” that this near-billionaire gets paid $1 a year. What a matyr.
January 1st, 2007 at 1:03 pm
sorry for my bad English. It’s not my native language.
January 2nd, 2007 at 2:55 am
wow… MacShrine readers are assholes, americans can hardly speak their own language properly and you get these grammar police bashing on non-native speakers. btw, “I admit you” makes sense in Chinese (though I don’t know if he really is), it means “I recognize your talents and who you made yourself out to be”.
January 2nd, 2007 at 2:59 pm
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January 2nd, 2007 at 3:56 pm
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January 8th, 2007 at 3:42 pm
i say give the man his dues… most mac equipment is awesome because of the ethic he brings to the company. One would hope tho’, that like some others of his financial ilke, he
becomes more publically philanthropic….. even larry ellisons big yaght only cost around 200 million dollars if my memory serves me correctly. While its a judgement i don’t feel that anyone should feel comfortable with such absolutely over the top wealth in a world where there is also so much poverty!
January 9th, 2007 at 2:12 am
[…] For the second year in a row Steve Jobs takes a $1 salary. […]
February 14th, 2007 at 2:13 pm
Very Nice.
July 28th, 2007 at 1:16 am
Steve is my Rowmotel
September 28th, 2007 at 5:56 am
yeah!!_^
September 28th, 2007 at 5:57 am
give me his salary.^_^
November 5th, 2007 at 4:42 pm
[…] read more | digg story […]
March 9th, 2008 at 5:45 pm
Well, I remember him saying in one of his Keynote’s: “…Money doesn’t buy everything” (it went something like that).
I guess that’s what he firmly goes by day by day. I still can’t believe thats his salary.
June 17th, 2008 at 4:53 am
just another example about why our current tax system is flawed.
we need to switch to the fairtax or another consumption based tax code if every american is really going to contribute to our government