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Discussion in 'Apple, Inc and Tech Industry' started by clevin, May 5, 2007.
lol, so much for the hype of $1 salary.
Ray "Irony" Irani. LOL.
With the current unease over exec salaries growing, it's unfortunate to see Steve rake it in with the worst of them...
Which means stock and stock options (much of which is restricted) - none of which is worth a dime if not sold or exercised.
I wish the media would stop treating this like some sort of shocking news, and learn a little about compensation (or at least quit turning it into something it's not). They're acting like Captain Renault at Rick's Cafe'...
Not to say he's living like a pauper, but what do they expect him to do? If I had his talent and vision and drive and value to his shareholders and customers, I'd expect the same.
True, but the fact remains that he recieved 646.6 million in stock options. That's bigtime no matter how you slice it.
For all people talk about Microsoft greed, this *looks like a case of personal greed. Nobody needs that much money.
* I am talking about how it appears, and have no intention of engaging with fanatics about how wonderful Mr Jobs is, or what he does for the company.
Not this year, I don't think. This figure apparently represents previously granted options which have now vested and so would also include the substantial appreciation of market value of these options. These stories always seem to imply that Apple has paid Steve Jobs $646 million, which isn't nearly true.
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Atleast its when Apple is doing good, if a company makes money, then a CEO should get paid more(not this much IMO), but if the company is doing bad, the CEO should make less, or none at all.
atleast thats how I would make it work