Wikipedia states that Steve Jobs' salary is 1$

Discussion in 'Apple, Inc and Tech Industry' started by metalray@mac.co, Jan 2, 2007.

  1. metalray@mac.co macrumors member

    metalray@mac.co

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    #1
    did anyone know that when you head to www.wikipedia.com and search for Steve Jobs the image to the right displays his image and that below is his financial status. It clearly states

    "Salary: $1 USD[3]"

    Tell me what you think
     
  2. CanadaRAM macrumors G5

    CanadaRAM

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    #2
    Errrr... really old news. Steve Jobs has drawn $1 in salary from Apple from the time he was hired back with the purchase of NeXT. What is there to opine about? Salary is only one means of compensation.

    He does, obviously, get benefits like a corporate jet, and stock options, the valuation of which are currently causing regulatory headaches.
     
  3. TheBobcat macrumors 6502

    TheBobcat

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    #3
    That's correct. He's really compensated though in the form of stock, sometimes backdated, and a jet.

    He does officially make $1 though.
     
  4. kalisphoenix macrumors 65816

    kalisphoenix

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    #4
    Clear evidence that the business world is a crooked and stupid place, filled with all of the poetic grace and beauty of a frat brother's first gang rape.

    Steve's paycheck may only be $1, but his salary is millions upon millions. It's a billion percent about image, presentation, and marketing, and not a whole hell of a lot of anything else.
     
  5. iMeowbot macrumors G3

    iMeowbot

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    #5
    The $1 thing is well known and the information comes from Apple financial statements.
     
  6. metalray@mac.co thread starter macrumors member

    metalray@mac.co

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  7. fistful macrumors 6502a

    fistful

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    #7
    This is absolutely true, or at least it was. If you read on to the "Return to Apple" section, forth paragraph it goes into more detail.

    edit: I swear I refreshed the page before I posted to make sure no one else had posted.:confused:
     
  8. clevin macrumors G3

    clevin

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    #8
    a show
    it would be interesting if he really only get $1 as total annual income . aaaaaahhhh he should be homeless now.
     
  9. Dont Hurt Me macrumors 603

    Dont Hurt Me

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    #9
    Smoke & Mirrors and Spin. As much truth as Bush's WMDs in Iraq.
     
  10. GoCubsGo macrumors Nehalem

    GoCubsGo

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    #10
    Very old news. New to wikipedia?
     
  11. Eric5h5 macrumors 68020

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    #11
    Well, it could be worse...he could be getting all those stock options etc., AND a salary in the tens of millions/year. Like some greedy people do. At least he seems to have the sense to realize that when you're already worth zillions of dollars, you really don't need to bother with a salary too...the money can go to more worthwhile things.

    But yeah, really really old news....

    --Eric
     
  12. MacBoobsPro macrumors 603

    MacBoobsPro

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    #12
    I'd be happy with one of every new product when it came out :D

    But the lack of a G5 laptop is like not getting a Christmas bonus. :(
     
  13. sushi Moderator emeritus

    sushi

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    #13
    To the OP, old news.

    Reference living on $1 per year salary. That is what he is officially paid by Apple. He also receives stock, options, a jet, etc.

    He also gets income from Pixar.

    Regardless of his current income, I am sure that he has more than enough invested to live comfortably from his investment income. If not, he can always sell a share or two of Apple or Pixar or ...
     
  14. psychofreak Retired

    psychofreak

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  15. balamw Moderator

    balamw

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    #15
    Now that source of income is gone. He probably gets some compensation from Disney for serving on their Board of Directors.

    I really don't think that the largest shareholder of Disney would go hungry even if he stopped adding to his wealth annually.

    B
     
  16. gkarris macrumors 604

    gkarris

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    #16
    On paper...

    Hypothetically, a company I heard of paid a VP $80,000/year, now his "expense account" - that was another story...
     
  17. dpaanlka macrumors 601

    dpaanlka

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    #17
    I actually think it's more of a joke. He didn't even technically work at Apple for a while, then he refused to be the CEO, only taking "interim CEO" title - or iCEO.

    I don't think steve is being an evil marketing genius - just humoring himself.
     
  18. balamw Moderator

    balamw

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    #18
    Woz remains on the payroll even though he has no current role at Apple.

    I think the $1 salary thing is more than just a joke. He really doesn't need the money and is amply compensated in other ways that are more tied to the company's performance. I wish more CEOs would do this instead of taking big paychecks while running their company into the ground at shareholder's expense.

    B
     

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