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Apple CEO May Get a Raise

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.

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