Steve Jobs’s Salary Was $1 In 2010!
January 9th, 2011 - 8:52 pm ICT by GDBy Ranjan Bhaduri
Jan 9, (THAINDIAN NEWS) Steve Jobs runs the technology company that is rated as one of the best ones in the world but what may surprise many is the fact that he gets only $1 as his remuneration a year. The iconic chief of Apple had been taking this salary for the previous three years. He is the brain behind a number of top selling Apple products including the iPhone and iPad. This is in stark contrast with what the CEOs of other corporate multinationals get. Apple had entered an agreement with him in 2001 on this issue. However, Steve Jobs, now 56-years-old owns 5.5 million of Apple stocks. The value of the shares of Apple continue to soar upwards and therefore, he does not have to worry about his pay package at all.
Apple is rated as the top player in market capitalization and its market value exceeds $308 billion as of now. Timothy Cook, the Chief Operating Officer of Apple gets a remuneration of $59 million. He is thought to be the successor of Steve Jobs. The shares owned by him are presently rated at $1.8 billion. His case may come as a reminder for those companies who end up paying skyrocketing amounts to their CEOs, a reason which was blamed for the financial disaster of 2008.
Steve Jobs continues to take the center stage on various product introduction and launch events. A new report is also claiming that he will be present at the much awaited Verizon press conference on Tuesday which will unveil the Verizon iPhone. The Apple chief has not said anything on his part though.
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- Apple quarterly results exceed expectations - Apr 25, 2012
- Apple co-founder Steve Jobs dead at 56 - Oct 06, 2011
- Milestones in a tech legend's journey - Oct 06, 2011
- Apple CEO Attacks Rivals At Quarterly Earning Call - Oct 19, 2010
- Jobs turns loser Apple into a big winner - Oct 06, 2011
- Apple will find it hard to replace Steeve 'Cool' Jobs (Comment) - Aug 26, 2011
- UN chief pays tribute to Jobs - Oct 07, 2011
- Apple sells every iPad made, profits zoom up 125 percent (Lead) - Jul 20, 2011
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Tags: 5 million, apple products, center stage, ceos, chief operating officer, financial disaster, iphone, launch events, market capitalization, multinationals, product introduction, reminder, remuneration, salary, stark contrast, steve jobs, stocks, technology company, timothy cook, verizon