Friday, December 25, 2009

Steve Jobs 2009 Salary $1 - No Bonus No iPhone?


Q: What? A: Apple chief executive Steve Jobs was paid his customary $1 annual salary in 2009. Q: No bonus this year? A: Bonus is a kind of ugly word these days. And the answer is no - Jobs does not get a bonus or reimbursement for perks that many other CEOs accept, such as personal security, according to a regulatory filing [document]. Q: Just $1 a year, nothing more? A: Apple said it reimbursed Jobs a compensation for company travel on his $90 million Gulfstream V jet [Spyshots via TUAW], which he received as a bonus in 1999. That's far less than the $871,000 Apple reimbursed Jobs in 2008. The CEO took nearly six months off in 2009 for medical leave, during which time he received a liver transplant. He returned to work at the company's Cupertino, California, headquarters part-time at the end of June. Q: Poor CEO of the decade? A: Hmm na!  Jobs, 54, holds 5.5 million shares of Apple's stock [document]. He has not sold any shares since he rejoined the company in 1997, nor has he been awarded any new equity since 2003. That means with todays stock price he owns over 1 billion dollar on Apple shares. If that is enough, Jobs is also the largest individual shareholder of The Walt Disney Co. - You know, Mickey Mouse -, His 7.4% stake is currently worth about $4.5 billion.
sources - indiatimes zdnet tuaw appleinsider
photo via - money.cnn.com click to see a gallery

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