Apple again pays Jobs $1 salary

Purple with...: "Reading the replies here is funny!"
Yeah, ZDNet TalkBacks do more entertaining than inform for me.

"Jobs is obviously not in this for money anymore, he wants to make quality products."
He is in it for money or he wouldn't get $7.4 billion in stock for Pixar. 2 years ago he convinced Apple to exchange the options he held on 15 million Apple shares for 10 million restricted shares of Apple stock. In 1999, Apple gave Jobs his own Gulfstream jet plus compensation for related expenses like taxes. Total value of the package= $90 million.
Also- There is a tax incentive from taking company stock rather than employee pay.

Jobs is not the only one doing this "$1 salary", and he wasn't the first.; Posted by: SC-man Posted on: 03/14/06 You are currently: a Guest | Members login | Terms of Use

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hes worth more s3raph1m | 03/13/06

Green with envy! An_Axe_to_Grind | 03/14/06

Purple with... SC-man | 03/14/06

What timoute | 03/16/06

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