The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
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.

Observer Comments

Show: Subjects Only | Full Comments
Close Name:Sir Harry Flashman Posts: 792 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."

Comment on this Article


You cannot edit your comments.   You cannot delete your comments.

Comments are currently closed. Please email the author instead.


Recent Headlines - Updated November 6th

Fri, 8:52 AM
News - Apple Updates iTunes LP for Apple TV
8:34 AM
Product News - iTweetReply 1.2 Adds Twitter Search Support
8:00 AM
TMO Quick Tip - Instapaper: Tag it Now, Read it Later
Thu, 5:56 PM
News - IDC: Q3 2009 Smartphone Market Grew, iPhone Up, Android Reaching Critical Mass
5:06 PM
Games - EA’s Spore Franchise Expands to Facebook
4:56 PM
News - Research In Motion to Repurchase Shares Following Stock Selloff
4:49 PM
Games - Jules Verne’s Secrets of the Mysterious Island, Other Titles Hit App Store
4:07 PM
News - Apple Ads Target People Looking for Windows 7 Download Help
3:04 PM
How-To - BBEdit’s Command Line Functions
1:32 PM
Deal Brothers - Apple MacBook Pro MB991LL/A 13.3-Inch Laptop:  $1410.00
11:48 AM
News - Psystar to Court: Just Say We’re Legit
11:10 AM
Quick Look Review - Kensington Windshield/Vent Car Mount with Sound Amplified Cradle for iPhone

The Mac Observer Reader Specials

  • TypeStyler For Mac OS X is Now Shipping! Download The Free Fully Functional 60 Day Tryout at www.typestyler.com
  • RamJet Memory: Mac Pro 8-core 8GB Kit $199.99, 4GB Kits $109.99! Sale on MacBook and MacBook Pro 8GB kits $549.99! New MacBook DDR3 2GB for $49.99. iMac and Mac mini 4GB Kits for $79.99! 1TB SATA Hard Drives for $109.99! Click here
  • OWC: Get the Right Memory for Your Mac Top Quality, Competitive Price, Lifetime Backed Free Expert Support + Installation Videos too! MacBook & mini 8GB, iMac 16GB, Mac Pro up to 32GB
  • Poker Mac If you're using a Mac, then you've gotta check out Full Tilt Poker for Mac. This Full Tilt Poker bonus code does the unthinkable, it actually rewards!
  • For the latest Apple products use Ciao, a price comparison website, to find laptops like MacBook Air. Then find the best prices on MP3 players and use our comparison tool to evaluate mobile phones like the Apple iPhone.

  • Laptop Hardware Provided by TechRestore - Overnight Mac & iPod Repairs.
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!