+ Reply
Page 2 of 2 FirstFirst 12
Results 21 to 27 of 27

Your favorite Apple, iPhone, iPad, iOS, Jailbreak, and Cydia site.


Thread: Steve Jobs Paid $1 Salary in 2009

is a discussion within the

Mac News

forums, a part of the

General Apple/Mac

section;
disgusting
...
  1. #21
    iPhoneaholic ecd5000's Avatar
    Join Date
    Oct 2008
    Location
    Six - One - Zero
    Posts
    415
    Thanks
    6
    Thanked 19 Times in 16 Posts

    disgusting
    Quote Originally Posted by ??????
    Hi. Does anyone know is iBlacklist available in the app store? can it only be purchased outside the app store? If so, is it hard to install? Thanks everyone.

  2. #22
    Livin the iPhone Life rhekt's Avatar
    Join Date
    Jun 2009
    Posts
    1,294
    Thanks
    43
    Thanked 65 Times in 53 Posts

    Quote Originally Posted by Kiserai View Post
    Yeah, you missed the point. He takes the $1 to prove he's a paid employee, but makes most of his money off the stock he owns, both in Apple and in Disney.

    Trust me, the dude isn't hurting for money, no matter what his "salary" is. He makes good business decisions, Apple stock goes up, he makes money. And he pays less tax on it than he would an exorbitant salary.

    It's really smart, when you think about it. Some day, when I'm rich and famous and have my own company, I'll run it like this too.
    Quote Originally Posted by politicalslug View Post
    Job's worth is clear as day. He needn't sell a share for any reason. Say he want's to buy a house: he wouldn't sell a share, he'd convert his stock, then transfer that stock to the bank owning the property. Not a cent of tax would be paid by either party, and viola! He has another house. He isn't compensated in anything but shares and those shares increase in perpetuity. He could buy anything he wants without selling a share or paying a cent in tax. Anything else meaningful to share?

    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[]

  3. #23
    What's Jailbreak?
    Join Date
    Dec 2009
    Posts
    2
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Quote Originally Posted by rhekt View Post
    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.
    You are the one not reading! As you can read in the 10-K documents:
    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.

  4. #24
    My iPhone is a Part of Me rwin84's Avatar
    Join Date
    Nov 2007
    Location
    Orlando, FL
    Posts
    679
    Thanks
    3
    Thanked 16 Times in 16 Posts

    jeez 1$ in an account that has 1,000,000% interest compunded weekly can really pay
    This is getting a lil' ridiculous...

  5. #25
    Green Apple
    Join Date
    Oct 2009
    Posts
    56
    Thanks
    3
    Thanked 4 Times in 4 Posts

    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..

  6. #26
    Livin the iPhone Life rhekt's Avatar
    Join Date
    Jun 2009
    Posts
    1,294
    Thanks
    43
    Thanked 65 Times in 53 Posts

    Quote Originally Posted by passuor View Post
    you are the one not reading! As you can read in the 10-k documents:
    the company entered into a reimbursement agreement with its ceo, steve jobs................

    lol
    Last edited by rhekt; 12-26-2009 at 04:04 PM.
    killall Terminal[]

  7. #27
    What's Jailbreak?
    Join Date
    Dec 2009
    Posts
    2
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Quote Originally Posted by rhekt View Post
    lol
    Are you joking? You are not funny anyway.

+ Reply
Page 2 of 2 FirstFirst 12
Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts