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12-25-2009, 01:41 PM #21
disgustingOriginally Posted by ??????
12-26-2009, 12:48 AM #22
both of you are clearly not reading [In 2008, Jobs was reimbursed $871,000] this means he paid for something and was given that money back. the books at Apple only show steve jobs receiving $1.00 in salary. if your not familier with "salary", pretty much that means you get paid a certain sum amount of money, no matter how many hours you work. lets just say you work a 40 hr work week and you get $10.00 an hr. thats $400. now lets just say you are working salary, and your yearly salary equates to $10.00 an hr. and lets just say you work 90 hrs one week. you would still just make this $400 a week. steves $1.00 annual salary is just a political front. simply showing hes working his fingers down to their nubs and not greedily taking a large salary in return. this would all work well if he hadnt been personally reimbursed $871,000 in 2008. he might only make $1.00 a year but all his expenses are taken care of, written off as company expenses. which also lightens the load for what he is personally taxed each year. smart? YES. scandelous? for sure. LEGAL? of course. i dont hate the player. just hate the game.killall Terminal
12-26-2009, 06:32 AM #23
The Company entered into a Reimbursement Agreement with its CEO, Steve Jobs, for the reimbursement of expenses incurred by Mr. Jobs in the operation of his private plane when used for Apple business. The Company recognized a total of approximately $4,000, $871,000 and $776,000 in expenses pursuant to the Reimbursement Agreement during 2009, 2008 and 2007, respectively.
12-26-2009, 12:34 PM #24
jeez 1$ in an account that has 1,000,000% interest compunded weekly can really payThis is getting a lil' ridiculous...
12-26-2009, 12:44 PM #25
its not even about that.. Though im sure it crossed his mind..
With the times the way they are, everyone frowns on the huge salaries these CEO's bring in.. Its a gesture that more then a few CEO's have done in the past (returning bonuses etc)
however.. most CEO's that give bonuses back dont own the company..lol.. so if he didnt pay himself $20 mil, he just saved himself $20 mil...
Being reimbursed for out-of-pocket expenses is a standard business practice.. major shareholder or not, you dont pay personal money for company business..
12-26-2009, 05:01 PM #26
12-27-2009, 02:49 AM #27