Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
SJ is one of the few CEOs who is actually worth his money. Apple is a company that is run right.
 
It would be worth reminding people that that the B&M Gates foundation manages the legacy funds of three generations of Bill Gates. Much of that money is just the interest on the investments.

Still amazing work and clearly his grandfather set a high standard for those who carry his name to live up to, which I'm sure they do gladly if Trey's behaviour is how we judge. The work of the foundation will carry on and on for decades to come.

It's a little harsh to measure Steve or any other first generation billionaires against a third generation legacy. For all we know Steve Jobs and others may give away a similar proportion but just choose to stay quite.

Or...SJ isn't a fool who throws his money into bottomless pits.
 
You must be delusional if you think that Jobs doesn't have high investments in his own company...

Also, Isn't it about time you brag some more about your stock options???

I wish all boards of directors in all for-profit companies forced their upper management to buy stocks of their own companies and have smaller direct salaries.

If the company loses, the various executives should lose as well. If the company wins, they should win too.
 
Wow. Good for Bill and Melinda.

That's a lot of money to give away.

I read somewhere that in his last Will and Testament he is giving majority money to charities and not to his relatives. When you think about it it's not like his relatives won't be getting "couple of billion" but in any case its really hard to see Bill as "the great devil" as he once was portrayed to be.
 
Pixar came a LONG way from the CGI unit that was bought from Lucas.

Yes it did, but it still doesn't change the fact that it existed prior to the group purchasing it off Lucas, or the fact that is wasn't Jobs alone doing the deal.
 
Gotta hand it to Steve, dude is loaded and still wears regular stuff. I respect that, life isn't about flaunting.

You respect an arrogant guy with $5 billion, who has in his entire lifetime donated about $350 USD to charity? Wow...

Face it, regardless of however much we all love Apple, Steve Jobs is an ******* - and he knows it. Yes, he has fantastic ideas (although I bet 90% of Apple products weren't his idea directly)...but he's still an a-s-s-h-o-l-e and always will be.
 
You respect an arrogant guy with billion, who has in his entire lifetime donated about to charity? Wow...

Face it, regardless of however much we all love Apple, Steve Jobs is an ******* - and he knows it. Yes, he has fantastic ideas (although I bet 90% of Apple products weren't his idea directly)...but he's still an a-s-s-h-o-l-e and always will be.

Giving to charity should be a personal choice.

He isn't an ******* because he doesn't give to charity. People just think he's an ******* because he has too much money and they don't ;)
 
I hate to break up a perfectly good discussion but does anybody else notice the little (man on the moon style) face on Job's thumb in the pic. Maybe that's the secret to his success, I can just see him now sitting in the corner of his office being told what to do next by Mr Thumb!!! :eek:
 
If Steve gave $1 billion to charity because he cared about his public image, would that make him a better person?

The only good reason to give to charity is because you genuinely care about other people less fortunate than you. The way some of you talk about Steve and his battle with cancer in such a heartless and ignorant manner, I might suggest a little more soul-searching is in order.
 
Steve's salary from Apple is indeed $1 per year. This is in the SEC filings. He also has a few shares of AAPL, plus some options.

If you actually bothered to read the article, you would have learned that the bulk of his wealth comes from his shares of Walt Disney Corporation (proceeds from the sale of Pixar). Steve doesn't need to work. He could probably sit on a beach and rake in $30 million a year in DIS dividends. He doesn't even draw a stipend from being on the board of Disney. They actually had to change the by-laws on his request so he wouldn't get compensation as a non-executive Disney director.

Presumably, Steve has diversified some of his holdings so he isn't reliant on two companies. My guess is that he has some fancy money manager who has him invested in a number of other places, including tax-free munis, perhaps a managed account, and probably a bunch of nice ETFs.

Who cares. This information or his wealth is not helping your life in the slightest.
 
Great respect to Bill & Melinda Gates and all those billionaires, who joined their initiative (just as a reminder, Warren Buffet and Ted Turner chimed in).

Basically I'd have a perfect idea what to do with one billion. Just support BIGNAM to really test out the benefits of a Basic Income System in a third world country.

Don't want to get political - just to open some minds, have a read on the pages of the BIGNAM coalition.

And if you ever wondered what to do with the billions donated to Haiti - support the "BIG in Haiti" initiative.

Congrats Steve to your wealth - and thanx for reminding me that all the money in the world can't buy you health.
 
Just to lighten up the mood in here, if Jobs cashed in all of his options, shares, investments and had the $6.1Billion in cash, he could Spend $1million a day for 16 years.

...that's a LOT of throwing stars! :eek:
 
Giving to charity should be a personal choice.

He isn't an ******* because he doesn't give to charity. People just think he's an ******* because he has too much money and they don't ;)

Sorry but I disagree. Are you seriously telling me that any decent person with a wallet full of cash wouldn't feel slightly inclined to give to say 'Help for Haiti' or even the Katrina relief?

I know a lot of people don't like giving to 3rd world countries as half the charity money seems to end up in the hands of the dictating ass-hats that run the countries. But even a little giving.

The guy could quite easily drop a few million into a group charity effort such as GlobalGiving, an organisation that has unlike most charities, follows through with its own team. They actually go into the places, look at it and personally take action, instead of handing money off to random people.

I digress. The bottom line is, there is zero excuse for his selfishness. I know you talk about personal choice. But that doesnt exactly effect a guy with more money than he or his kids, or his kids kids will ever need. As I said, giving a few million away at very least would not exactly hurt him.

Face it. You can be the biggest Apple fanboy in the world, but the leader is still and always will be an arrogant, self centred douch. I came to realise this only about a year ago...I used to love watching Steve's keynotes, and see his mind at work. But when you read between the lines, he's just another CEO who cares about his stockholders.

<interesting side fact:> Steve said an AppStore was stupid and would never work. :rolleyes:
 
$59 Billion. One guy. *sigh*

Split that up between 59,000 people, $1m each, and each one of them would probably spend a good portion of it immediately (housing, furniture, cars, appliances, electronics, decorators, etc), pumping tens of billions into the economy.

Bill Gates can't spend even a fraction of it himself, so whilst it is good that he is putting loads into his foundation, the centralisation of so much money into so few people has an overall detrimental effect on the overall economy.
 
wow, i can't believe he has more than 2/3rds of his wealth in a single company that he has no control over. sure, disney seems pretty solid, but so did arthur andersen. i guess it never hurts to be lucky (or not unlucky)...
 
I really don't get those complaining about Steve's lack of donation to charity. Seriously, have you any idea what investment is about? His $6.1B might just be $61B or $610B tomorrow if he has them invested. I'm sure he does. Maybe he doing just so he can donate more than a couple of billions to charity after retiring. That's right, he hasn't even retired yet.

Yes, that is what Warren Buffet did, if I recall correctly. He reasonably surmised that he was excellent at investing his money to get good returns, therefore he should get the good returns whilst he could before he gave the money to charity (I think he is donating to the B&MGF).

If you took all people with personal wealth over $5b, and did a one-off tax of 25% of wealth between $5b and $10b, and 50% over that, you would have a one-off tax income of $150b, but only affect 57 people. Lower the former boundary to $1b however, and the receipts would be far higher, yet you would still affect under 400 people. You could run the US military for a few months on that! (puts it into perspective, eh?)
 
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.