Thursday, December 31, 2009

Steve Jobs takes $1 salary in 2009

Not many would know that Apple’s CEO Steve Jobs, draws a salary of US$1 year on year. This year, he chose not to accept any bonus or stock options from Apple either. Apple again gave its founder and CEO a symbolic salary of $1 for the fiscal year 2009, according to a report filed on Wednesday with the Securities and Exchange Commission. Times Of India had covered an interesting article earlier this week, on how Apple pays back Steve Jobs for his contribution back to Apple in particular and the world of technology at large:

Jobs does not get a bonus or reimbursement for perks that many other CEOs accept, such as personal security, according to a regulatory filing. 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.

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.

Steve Jobs, holds 5.5 million shares of Apple’s stock. He has not sold any shares since he rejoined the company in 1997, nor has he been awarded any new equity since 2003


Post a Comment