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Apple CEO May Get a Raise

by , 9:15 AM EST, November 16th, 2007

Apple CEO Steve Jobs may be the driving force behind his company's success, but he only draws a US$1 salary each year. The Mac and iPod maker's annual report for fiscal 2007 hints that Mr. Jobs may finally be due a raise, according to CNET News.

The report Apple filed with the SEC Thursday afternoon stated "Because Mr. Jobs's continued leadership is critical to Apple, the Compensation Committee is considering additional compensation arrangements for him."

While that may include a bigger paycheck, it more likely means that the company is lining up some other perks to throw Mr. Jobs's way. In 2000, Apple dropped a $46 million Gulfstream V jet in his lap, and he already holds 5.5 million shares of the company's stock.

Apple isn't talking about what it has in store for Mr. Jobs, but odds are it's even better than a free iPhone.

Observer Comments

Show: Subjects Only | Full Comments
Close Name:Sir Harry Flashman Posts: 787 Joined: 08 Feb 2007
Subject: Cue the trolls

Apple will raise Steve's salary to $2 and the trolls will start screeching that he got 100% pay raise.

Close Name:Guest
Subject: pay for Jobs...

He should make more... he probably has made enough and I think this sets a good example. Leadership is often a quality one can never buy, but that you often pay for (and probably dont get).

$2/year would be a good raise.

Of course the jet and stock options make even a regular 7 figure salary look TINY!

Close Name:Guest
Subject: a raise for Steve

Give him a $100 store credit.

Close Name:Guest
Subject: minimum wage

Must really suck to do what you love and only make a dollar. Never mind that you have billions in the bank already.

Close Name:houltmac Posts: 264 Joined: 12 Apr 2007
Subject:

I wonder if he gets free iTunes songs... I am sure Steve won't be bothered by a raise, and frankly I don't know why CEOs and other high level executives who already have that kind of money in the bank ever take the salaries they do, it's not necessary and could be used for better in, or outside the company.

Steve himself said of Bill Gates a few months ago:

Quote
I think the world is a better place because Bill realized that his goal isn't to be the richest guy in the cemetery. Right? That's a good thing.


I couldn't agree more.

Close Name:Guest
Subject:

he might get a dollar in salary, but dont forget all the stock options he has received which has made him hundreds of millions of dollars so far, in any case this guy deserves wht ever rewards come to him

Close Name:Guest
Subject: Put $1 Salary in Perspective

Just a reminder of what Macworld wrote back on May 4, 2007:

"Steve Jobs’ $1 salary was dwarfed by $646 million in stock compensation for 2006, Forbes magazine said Friday, ranking the Apple CEO as the highest-paid executive in the U.S.

"In its annual CEO paycheck scorecard of America’s 500 biggest companies, Forbes said the $646.6 million for Jobs was more than twice the compensation of the next person on the list: Ray Irani of Occidental Petroleum, who took home $321.6 million — the bulk of it from exercised stock options."

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