Apple CEO Jobs keeps $1 salary

Business | 207357 hits | Jan 07 3:06 pm | Posted by: hurley_108

Apple Inc. CEO Steve Jobs' compensation package remained the usual $1 in fiscal 2010, but the value of the shares he owns has skyrocketed amid the company's ongoing success in introducing shiny new gadgets many people come to find indispensable

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by hurley_108
Fri Jan 07, 2011 11:11 pm
This is interesting. Is it just, as some commenters say, a tax avoidance mechanism, or is it a good way of actually incentivizing a CEO to make the company do well by being good at what it does instead of screwing with it internally?
by Proculation
Fri Jan 07, 2011 11:25 pm
"hurley_108" said
This is interesting. Is it just, as some commenters say, a tax avoidance mechanism, or is it a good way of actually incentivizing a CEO to make the company do well by being good at what it does instead of screwing with it internally?

That's only the salary. You need to add to that the gains from the shares and the stock options. Don't worry, he still makes millions per years
by ASLplease
Sat Jan 08, 2011 3:04 am
Why would it matter to Jobs if it was $1 or $1million dollar? either way, its insignificant to him, so why not do something that gets press coverage, eh?

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