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12-24-2009, 12:23 PM #1
Steve Jobs Paid $1 Salary in 2009
If Steve Jobs is a man who puts his money where his mouth is, his mouth isn't very full these days.
The Apple CEO has once again accepted his usual $1 annual salary from Apple in 2009. But, as reported by the Associated Press, Apple was able to hold its ground through the massive recession and, consequently, Steve Jobs regained much of the "pre-meltdown" level of value of his personal holdings in the company.
Jobs does not get a bonus or reimbursement for perks many other CEOs accept, such as personal security, according to a regulatory filing made Wednesday. Apple said it reimbursed Jobs $4,000 for company travel on his $90 million Gulfstream V jet, which he received as a bonus in 1999.
But, in case you're worried about Mr. Jobs, there's no reason to take up a collection for the Apple CEO any time soon. Jobs continues to hold 5.5 million shares of Apple's stock. He is also the largest individual shareholder of Disney, with a whopping 7.4 percent stake, valued at approximately $4.5 billion.
At an annual meeting scheduled for Feb. 25, Apple shareholders will for the first time have a chance to cast an advisory vote on the company's executive compensation plans.
And if Apple's exclusive deal with AT&T is modified to extend iPhone coverage through Verizon, Apple will likely once again experience record sales.
Image via Wired
12-24-2009, 12:37 PM #2
wow 2010 is going to be a great year for apple and apple lovers.
Cant wait for that tablet and new iPhone
12-24-2009, 12:38 PM #3
12-24-2009, 12:53 PM #4
Poor guy only $1 per year of income... No wonder he always wears the same black shirt and jeans!
Way to avoid taxes BTW!
12-24-2009, 01:20 PM #5
12-24-2009, 01:45 PM #6
12-24-2009, 01:48 PM #7
joking aside it's because you're taxed less on stocks than you are on salary, the $1 is their to say he's a payed employee. ok ok back to joking I liked this: "No wonder he always wears the same black shirt and jeans!" but he does have to buy new New Balance shoes every once in a while.
12-24-2009, 01:56 PM #8
12-24-2009, 03:13 PM #9
12-24-2009, 03:38 PM #10
Wonder how much it cost him to run the Gulfstream?
You know jet fuel has gone up again Steve!
12-24-2009, 05:51 PM #11
If only I were rich enough to accept $1 a year.
12-24-2009, 06:00 PM #12
Hmm...at least you're $1 richer than the US government. He needs to change his styleAsking for help is different from being stupid. Fanboys can rot in @#$%!
12-24-2009, 06:49 PM #13
am i reading this right? steve jobs has a reported salary of $1.00 US? if this is right, how im reading this. apparently everything his house, clothes, food, healthcare, electricals, including the TP he wipes his buttocks with, is written off as a company expense. [In 2008, Jobs was reimbursed $871,000] therefore his annual salary is truely at least the minimum of $871,000. hmmm. why lie. or again. am i reading this right?killall Terminal
12-24-2009, 08:14 PM #14
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.
12-24-2009, 09:40 PM #15
I am sure Steve makes it by on personal expenses that he can classify as business expenses which Apple pays for."To unpathed waters, undreamed shores." -- William Shakespeare
12-24-2009, 09:50 PM #16
-_- . Its a common practice for CEOs to receive $1 to no salary at all. For those who think im spouting BS ,
Or just google it yourself .
Last edited by bust3rboi; 12-24-2009 at 09:52 PM.
12-25-2009, 12:02 AM #17
If all of Jobs income is based off of selling stock, then what happens if all of a sudden Apple stock crashes? Loses massive amounts of money overnight? Then Jobs would be pretty well screwed lol...
Twitter It Up!!
12-25-2009, 01:46 AM #18
Another dumb statement. Have you anything meaningful to share?
12-25-2009, 07:01 AM #19
12-25-2009, 12:23 PM #20
Yeah. He doesn't wanna pay 48% taxes. After a they gave tax break to the rich again. He is gonna take out 300 millions in bonuses.