Steve Jobs paid $1 a year?

0490043

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Original poster
Mar 29, 2004
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I heard that Steve Jobs has only a symbolic one share of Apple and is paid $1 a year. Is this true? Does he get all his money from Pixar, or does he still have all that money from the earlier days of Apple? He must really like making the best computers in the world! :) :) ;) ;) :cool: :cool:
 

musicpyrite

macrumors 68000
Jan 6, 2004
1,639
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Cape Cod
Yes, it is true that Apple only pays Steve $1 a year. (what's the minimum wage by chance in California?)

He gets all his money from the stock market, buying stocks, investing and such.
 

Sun Baked

macrumors G5
May 19, 2002
14,874
57
His compensation is in the "other compensation" column on the 10-k and seems to be quite a bit -- probably $40 million or more a year.

http://www.macworld.com/news/2004/03/11/filing/

Apple CEO Steve Jobs took home only $1 in salary, as he has each year since 2001, although a summary compensation table included as part of that document shows that for Apple's fiscal year 2003 Jobs was awarded US$74.75 million in restricted stock.
Basically stock he cannot sell for 12 months or 24 months depending on which Rule 144 stock it was.
 

Koodauw

macrumors 68040
Nov 17, 2003
3,936
165
Madison
Sun Baked said:
His compensation is in the "other compensation" column on the 10-k and seems to be quite a bit -- probably $40 million or more a year.



Basically stock he cannot sell for 12 months or 24 months depending on which Rule 144 stock it was.
Steve gets 40 mill a year??????

How bout ya drop the price of the PM's there then bud.

Spread the wealth brotha.
 

iceTrX

macrumors regular
Aug 5, 2004
116
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Outside of Detroit.
Koodauw said:
Steve gets 40 mill a year??????

How bout ya drop the price of the PM's there then bud.

Spread the wealth brotha.
Since he can't trade in his stock options for a long time, all it does is give him more control over the company (as he will be owning more of it). On another note, he is one of the few CEO's that probably deserve to get highly paid as he started Apple, and resurrected Apple with his vision(s). Apple today completely reflects Steve Jobs and his vision (especially MacOS X, iLife, iTunes, and the design of all Apple hardware).
 

Macpoops

macrumors 6502
Jan 15, 2002
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PA
He gets a 1 dollar salary and a bonus just like alot of the other working people in this world only he gets tens of millions of dollars for his bonus. Hell if that was the case wouldn't you work for a dollar to, just to get heathcare
 

iMeowbot

macrumors G3
Aug 30, 2003
8,643
0
Koodauw said:
Steve gets 40 mill a year??????
How bout ya drop the price of the PM's there then bud.
Spread the wealth brotha.
Even if he was paid in that much cash, you wouldn't notice a real price difference. FY 2003 sales were $6,207,000,000, so Teh Steve would be getting about $6.45 of every $1000 in sales (and a lot of that is wholesale).
 

Xtremehkr

macrumors 68000
Jul 4, 2004
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Pixar

Pixar must bring in some money for Steve as well. They are the hottest animation studio around with a perfect batting average, to date.
 

AmigoMac

macrumors 68020
Aug 5, 2003
2,064
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l'Allemagne
Ohh, I'm sorry Mr Jobs, your salary certification is not enough and we can't give you the credit, maybe you have other incomes to cover your request...

:rolleyes:
 

Pixeled_Apple

macrumors member
Oct 24, 2004
65
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MeLbourne, Vic Aussiee!
Whoh!

$1 a year!?! Damn... thats pretty harsh :p

FY 2003 sales were $6,207,000,000, so Teh Steve would be getting about $6.45 of every $1000 in sales (and a lot of that is wholesale).
Steve gets 40 mill a year??????

How bout ya drop the price of the PM's there then bud.

Spread the wealth brotha.
Damn... Man... No wonder he gets $1 a year.... its too much for him... give some to me m8 ; and rest of the mac/pixar addicts :p ;) :D
 

jefhatfield

Retired
Jul 9, 2000
8,803
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Sun Baked said:
His compensation is in the "other compensation" column on the 10-k and seems to be quite a bit -- probably $40 million or more a year.



Basically stock he cannot sell for 12 months or 24 months depending on which Rule 144 stock it was.

the vast majority of sj's over 2.4 billion comes from pixar...though he made money leaving after apple after selling his shares in the past, and from next, and has made money since his return, around 200 million total from 1975 to present, apple inc is a volunteer job by comparison to what pixar has made him

if pixar continues on its predictably successful pace, steve jobs will one day surpass donald trump who some say is worth 6 billion dollars

by comparison, on a bad day, paul allen or bill gates are worth no less than five times that...and it certainly can't be attributed to microsoft's superior products ;)
 

MacDawg

macrumors Core
Mar 20, 2004
19,708
4,274
"Between the Hedges"
Money isn't everything, although it is nice to have.
Studies have shown that money is not the highest motivator in job performance, etc. Things like job satisfaction, goals, appreciation, etc. often rank higher.

Steve is a visionary, and his motivation apparently comes from changing the way we do things.
 

agreenster

macrumors 68000
Dec 6, 2001
1,892
2
Walt Disney Animation Studios
Xtremehkr said:
Pixar must bring in some money for Steve as well. They are the hottest animation studio around with a perfect batting average, to date.
According to the 2003 Pixar annual report, Jobs' annual salary from Pixar is 52 dollars.

All additional compensation (long term or securities) is 0 dollars.
 

Vector

macrumors 6502a
Feb 13, 2002
835
1
He doesn't get 40 mil a year. Since he came back as the interim CEO and then CEO he has been paid $1 a year. In 2003, the board decided to award him the previously mentioned compensation, but that was just a one time compensation not a yearly thing.
 

stubeeef

macrumors 68030
Aug 10, 2004
2,702
2
I didn't see it specifically but I know the board gave him a "G5" , Gulfstream V that is. A $40m jet and paid the taxes too if I remember right.
 

Sun Baked

macrumors G5
May 19, 2002
14,874
57
Vector said:
He doesn't get 40 mil a year. Since he came back as the interim CEO and then CEO he has been paid $1 a year. In 2003, the board decided to award him the previously mentioned compensation, but that was just a one time compensation not a yearly thing.
Not quite $40 million, but the average was close.

2000 ?

2001 84.5 Million (jet shifted from 2000 due for taxes)

2002 3.6 Million

2003 75 Million (in exchange for 27.5 million in underwater stock options)
 

Vector

macrumors 6502a
Feb 13, 2002
835
1
yeah, but my point was that it was a one time event, not part of his regular pay. i didnt want anyone to get confused and think that he got payed 40mil a year. that was a one time compensation that occured in 2003.
 

Sun Baked

macrumors G5
May 19, 2002
14,874
57
Vector said:
yeah, but my point was that it was a one time event, not part of his regular pay. i didnt want anyone to get confused and think that he got payed 40mil a year. that was a one time compensation that occured in 2003.
The 40 was a ballpark guess for his recent average, which will probably change once again when the FY 2004 10-k is released.

But he's not exactly doing this for nothing, the company is taking care of him -- he's just taking the money in a highly unusual manner.

Which look a lot like performance bonuses, which isn't a bad thing at all -- since most CEOs get huge signing bonuses before they do anything.
 

jeremy.king

macrumors 603
Jul 23, 2002
5,478
1
Fuquay Varina, NC
Koodauw said:
Steve gets 40 mill a year??????

How bout ya drop the price of the PM's there then bud.

Spread the wealth brotha.
You got to earn it...brotha :rolleyes:

Just start your own revolutionary company from the ground up, endure 25+ years of ups and downs, and then enjoy the profitable monster you have created.

The man deserves every penny.
 

Xtremehkr

macrumors 68000
Jul 4, 2004
1,897
0
agreenster said:
According to the 2003 Pixar annual report, Jobs' annual salary from Pixar is 52 dollars.

All additional compensation (long term or securities) is 0 dollars.
Well, I think we can all agree that Steve is probably not poor by any means. If not in salary than through some other means, I think he is doing pretty well.
 

jefhatfield

Retired
Jul 9, 2000
8,803
0
Xtremehkr said:
Well, I think we can all agree that Steve is probably not poor by any means. If not in salary than through some other means, I think he is doing pretty well.
"salary" isn't everything as the rich people in this country can attest to

the main way for the majority of people to become rich is to inherit it...for the rest of the rich, it's mainly through successful real estate investments and small business ventures...none of which include "salary" ;)

i hope steve jobs one day surpasses bill gates, but bill is no less than 20 times richer than jobs so it won't happen in this lifetime...when i was young, my hope was that one day i would wake up and bill gates would disappear as if he were a character from a bad dream