This is amazing how the big companies operate! http://www.technoreviews.org/apple-ceo-steve-jobs’-2010-compensation-1.html
When your Net worth increases to $6.1 billion you don't really need a salary. I would love to be in the position where I worked because I wanted to and not because I had to.
Correct, even more reason to pay yourself $1. Now seeing as Apple $APPL is worth $300 a share plus I don't think he's going to be short on cash any time soon.
I am sure Apple is taking care of Steve Jobs. I will not shed too many tears on his low low salary. If I only had 1% of what Steve Jobs has I will be a very happy man.
Wow, so sad, come on LOL, he eats money, he drinks money, he sleeps between money, he is fucking rich LOL...
Ya that's true he is getting just $1 salary form the apple but that doesn't effect on his worth as he has already a big share of apple, so what's about the profit he is gaining from the shares. Coz the profit is distributed between the share holders, so having just $1 salary doesn't mean for him.
Yes, I do not care what anyone here on DP says, but even I was one of the richest people in the world, with gazillions of shares in whatever company / companies, it will still be shitty for me to get up in the mornings, go to the office work for 8-15 hours and get a dollar per year! That is 0.083c per month! And that for all the pressure on me to get a company such as Apple to perform good - No matter my share in the company!
no one takes a full salary look at any company as soon as you say "im taking a salary" the tax man says come right in and have a coffee with me. For example you could pay 50% tax on a salary or your company can pay 19% tax, this 19% is 31% lower tax wise saving you alot of money. Same for shares and what ever else he gets.
Wrong, if your net worth is totally dependent on the valuation of the company you run then unless you sell your stake in that company you'd want to get out of bed even more. I could retire tomorrow if I wanted and life off the investments I've generated for myself but I still get up every morning at 7 AM because like Gordon Gekko once said it's not about the money kid it's about the game, the game between people.
Well its not only Apple, he is the largest shareholder in Disney too due to Pixar's merger with Disney. So, I wouldn't worry about the $1 salary
With 60% of the company share, I don't think he need the salary at all. I just couldn't believe that his travel expenses only $200K.
He's a major shareholder so he also gets a share of the profits and he benefits from increasing his net worth as the share price increases. What better incentive is there to do a good job for getting up every morning?
I'm not from the US so I can't really comment. But, where I'm from capital gains tax is a hell of a lot less than income tax. So if you run a floated company, taking stock options as a salary would be the most intelligent thing to do.