Steve Jobs lives on a dollar a year
published on January 11, 2011
by Tony Hill
by Tony Hill
Executive Director of Apple Steve Jobs, as in previous years, continues to receive a symbolic salary of one U.S. dollar a year, but of course, still owns 5.5 million shares of the company, under which last year generated more than 3 million of profit, while the total package of Jobs shares are worth nearly 2 billion U.S. dollars.
Apple has in the documentation for the SEC revealed that 55 years old Jobs at the symbolic "pay" for the year 2010, did not receive any premium or any other monetary incentives, but only reimbursement for travel expenses, which last year reached a mere 248,000 dollars. These are mainly, as mentioned, the cost of transport with his car, which instead of cash premiums company bought him in 2009. Costs have compared to the year 2009 increased significantly, when they were reaching only 4,000 dollars (well at that time he was sick and didn't come to work for a half of year), but still not as high as in 2008, when they rised to 871,000 dollars.
Wages of Jobs close collaborators during this remained the same, so Tim Cook in 2010 earned U.S. $ 800,000, while Peter Oppenheimer and Ron Johnson brought home only 700,000 dollars. Add to that the shares they own, the Cook's total last year earned 60 million U.S. dollars, Openheimer and Johnson roughly 30 million U.S. dollars.
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TAGS: Steve Jobs live, symbolic salary, Apple shares
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