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NavyIntel007
Aug 13, 2003, 03:09 PM
I read an article on Macnn that said Steve gets paid around $219 Million. Now, what does one do with that amount of money? Does he really have the time to enjoy all that money?

Does anyone think that if Steve used $100 Million of his salary and gave it to R&D and advertising the higher profits achieved would make Apple's stock price rise enough so perhaps he would make $100 Million more in the market?

I know all the things he's done for Apple and how he brought them back but surely half of his salary could do wonders for the company. At what point, as an executive, should you invest in the future of the company and not yourself?

Powerbook G5
Aug 13, 2003, 03:30 PM
Is that a confirmed fact, though?

TEG
Aug 13, 2003, 03:39 PM
To my knowledge, Steve is Paid $1 in Salary by Apple. Any other money is Bonuses, due to high sales, great products, etc.
Plus he gets a full sallary from Pixar, and has a huge stock portfolio with a lots of Dividends.

TEG

rainman::|:|
Aug 13, 2003, 03:39 PM
Well, i think that's what it comes out to be, but his actual salary is $1. At least it was for a long time. The man has his fingers in lots of pies, and Apple pays for everything for him... There was a thread on this a while ago, but i say, if he makes that much money... more power to him. He's had an interesting life to say the least, and he's taken a lot of risks to get where he is now. That deserves rewarding, it's the rule of capitalism. So basically, he could cash it out and lay around naked on a big pile of money, for all i care...

and no, this doesn't apply to people worth over a billion dollars.

:)
pnw

Gus
Aug 13, 2003, 03:50 PM
He does officially make $1 in salary, but wih his stock options and his GulfStream Jet (with pilot salaries too, of course), he comes out pretty far ahead.

Regards,
Gus

Powerbook G5
Aug 13, 2003, 03:53 PM
Sounds like a sweet deal to me. :)

Stelliform
Aug 13, 2003, 04:01 PM
If I made that kind of money, I would have my own space program. I would be walking on the moon in 10 years. :)

What would you guys do with Steve's Salary?

idea_hamster
Aug 13, 2003, 04:03 PM
Originally posted by NavyIntel007
At what point, as an executive, should you invest in the future of the company and not yourself?
Well, I remember those dark years when Steve wasn't at Apple -- beige boxes, anemic chips, a stunted attempt at OS licensing -- it wasn't pretty.

If Steve wanted to suck money out of Apple with a neo-L'Etat?-C'Est-moi attitude, it's not clear to me that we'd have a whole to complain about. He tried turning over the bridge to No. 1. All we got was a decaying orbit.

In fact, I think that Steve loves Apple Computer much more like a child than like a money-making machine. Is he going to suck it dry and leave us the husk? Not if he can help it -- but I have yet to see signs that there's someone who can really take over the chocolate factory after Mr. Wonka is gone.

idea_hamster
Aug 13, 2003, 04:06 PM
Originally posted by Stelliform
What would you guys do with Steve's Salary?
Among my top five would be to set up a fund to financially help escaped North Koreans. Just a thing of mine.

Powerbook G5
Aug 13, 2003, 04:16 PM
I'd have a huge garage with lots of cars and a huge room with lots of Macs! :D

alia
Aug 13, 2003, 04:16 PM
I just finished reading the Second Coming of Steve Jobs, which was quite enlightening about stuff like this. He does only make $1 in actual salary, only to keep the health care that Apple provides, but he did accept a huge amount of stock and the jet (and they even paid for the taxes on the jet, etc), so he certainly made money on it.

What I thought was interesting was how he handled Pixar, which the book goes into in depth. He kept the VAST majority of the Pixar stock instead of spreading the wealth with all of the employees.

The man is a visionary, but that book certainly paints him as a class A jerk as well.

Anyway, it's an interesting read!

:)

Alia

NavyIntel007
Aug 13, 2003, 04:29 PM
Originally posted by idea_hamster
Among my top five would be to set up a fund to financially help escaped North Koreans. Just a thing of mine.

Shoot I'd buy the whole damn country!

idea_hamster
Aug 13, 2003, 04:37 PM
Originally posted by alia
He kept the VAST majority of the Pixar stock instead of spreading the wealth with all of the employees.

The man is a visionary, but that book certainly paints him as a class A jerk as well.
Man -- tough crowd where you have to choose between being an anal-expulsive compulsive giver or being a class A jerk! So he kept the Pixar stock -- big deal. You could make a strong argument that before Finding Nemo, Pixar stock was very risky and a questionable gift....

Powerbook G5
Aug 13, 2003, 04:40 PM
Well, nobody is as clean as Ned Flanders...even Walt Disney had a few skeletons in his closet.

jxyama
Aug 13, 2003, 04:42 PM
i'd buy and run a mlb baseball team... maybe not buy it but buy enough of one to have a controlling interest...

or go to vegas and play high stakes texas hold'em. :D

NavyIntel007
Aug 13, 2003, 04:43 PM
With that much money.... hmmm...

1983 Delorean D1 (aka back to the future car).
760i BMW
A huge sail boat (with a dock in NC and FL, see below)
My own building at U of Miami
Box seats for UM games
Gulfstream baby!!!
Penthouse condo on south beach
Mountain home done in a log cabin manner in North Carolina (ala Frank Lloyd Wright)
both with all the fixings
"Speakers so loud they blow women's clothes off"

And

A chic-fil-A and a smoothie king

Powerbook G5
Aug 13, 2003, 04:47 PM
Sounds good to me, but alas, I will never have that kind of money.

NavyIntel007
Aug 13, 2003, 04:51 PM
Yeah, you're right. Maybe just the delorean and a smoothie king.

beefcake
Aug 13, 2003, 05:03 PM
BMW M3
lots of munch 'ems
new watch

alia
Aug 13, 2003, 05:08 PM
Originally posted by idea_hamster
Man -- tough crowd where you have to choose between being an anal-expulsive compulsive giver or being a class A jerk! So he kept the Pixar stock -- big deal. You could make a strong argument that before Finding Nemo, Pixar stock was very risky and a questionable gift....

Well... when he took Pixar public after Toy Story, there were people who had been working there 20 years, since before George Lucas owned it, who got the big shaft. The Pixar stock took him to billionaire status within months of IPOing... anyway, that isn't necessarily why I think he's a jerk.

I think he just happens to treat people like crap. Of course, I've never met the man, so I can't really make any claims about his personality firsthand. Although, after reading that book, I don't WANT to meet him.

This doesn't in any way change my opinion of Macs being great, or Jobs saving Apple or any of that.

:)

Alia

MattG
Aug 13, 2003, 05:20 PM
Originally posted by Powerbook G5
Is that a confirmed fact, though?
Looks that way to me...
http://quote.bloomberg.com/apps/news?pid=10000039&refer=columnist_crystal&sid=aEt7cb79lerU

Powerbook G5
Aug 13, 2003, 05:28 PM
I'd love a DeLorean DMC-12...someone at my school has one and I drool whenever I see it. :)

adamfilip
Aug 13, 2003, 05:39 PM
well id build a huge house like bill gates's home but larger more advanced with clean lines.. and coolness all over! . OFCOURSE run by Xserves and such..

id also start a Render Farm Company.. based on new g5 Xserves..

or build the worlds fastest super computer based on new g5 xserves.. that is 10 times faster then the fastest current.


anyways...

i also want a MClaren F1

maybe start a CatScan or some specialty scanning lab.. that runs cheap.. for the public

Powerbook G5
Aug 13, 2003, 05:41 PM
Mmm...G5 XServe RAID in my closet... :D

G5orbust
Aug 13, 2003, 05:46 PM
I could give almost every person in the US 1 dollar. Or I could just keep it and be one rich mo-fo.

Powerbook G5
Aug 13, 2003, 05:49 PM
I'd rather keep it, myself. ;)

MrMacMan
Aug 13, 2003, 05:50 PM
Originally posted by Stelliform
What would you guys do with Steve's Salary?

Bomb Ira... damn already done...

Or maybe afganis... damn already done...

Yes, N. Korea... :rolleyes:

Actually I'd buy a new computer, maybe make my own strange movie or something...


Oh yeah and sue the RIAA.

:D

And my 350Z in the nice orange color. :cool:

jefhatfield
Aug 13, 2003, 09:19 PM
Originally posted by Stelliform

What would you guys do with Steve's Salary?

i would get a 20 oz. diet coke...the machine will take a one dollar bill or small coins

XnavxeMiyyep
Aug 13, 2003, 09:35 PM
I'd buy the high end of every update in every category of Apple products. Then probably a lot of ice cream and cheezits.

iJon
Aug 13, 2003, 09:36 PM
yeah the word is prety much that steve is a jerk and a bitch to work for, which is the exact reason why i would never want to work for him.....unless i was his personal driver (see other thread about how fast you drive.) :) but on the other hand, if i started a company like apple and earned my way up, i would do the same thing, i would want everything my way.

iJon

aethier
Aug 13, 2003, 10:30 PM
according to the forbes ritches people in the world 2003, jobs only has a whole 2 shares of apple computer corp

aehtier

ps: if i had his bank balance....

G5orbust
Aug 13, 2003, 10:59 PM
Originally posted by aethier
according to the forbes ritches people in the world 2003, jobs only has a whole 2 shares of apple computer corp

aehtier

ps: if i had his bank balance....


thats impossible, unless he gave up his stock options. But, having such a small share wouldnt give him much say in any shareholder votings. Usually you see founders of companies with 51% or more of the stock, so they can be the majorty share holder and control things through their CEO position.

Powerbook G5
Aug 13, 2003, 11:13 PM
Well, Steve "thinks different"! :D

vollspacken
Aug 14, 2003, 04:00 AM
Originally posted by NavyIntel007
- 1983 Delorean D1
- Mountain home done in a log cabin manner in North Carolina (ala Frank Lloyd Wright)

:D :D :D :D :D

vSpacken

iTag
Aug 14, 2003, 05:38 AM
Lets see wth a dollar i cant by anthing local paper costs a dolar 20 hmm might get a bottle of coke though there 98cents but i dont get any change ...

Man we get screwed ....


If on the other hand i did have a vast amount of wad id really concider just keeping 3 milion for me and of my other billions just invest it in hospitals schools make sure schools have plenty of propper gear none of this windows tosh the world needs more apple... but thats me oh and id bloody by every god dam privet health sceame and close them down ...


Cheecky sods costs to much