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Who was it that said apple wasn't profit driven ? haha

-=Jax=-

I'm a Lemming!

think of walking on stage with all those people there screaming at you because you make cool computers... big ego? I think so. too much money? yes unless he never plans on taking another dime.

i'm curious as to what he's miling from pixar.  i don't think steve has ever denied that he's good at being a shrewd business man.

he probably figures that now that apple is in the black pretty permanently, he can afford to take a little here and there.  as long as they keep the accounting in order, no one's going to raise a stink.

So that's why it's so hard to get a lemon replaced.

I find these sorts of stories are usually riddled with errors, but even allowing for the usual "an option isn't worth much until it's sold", he's still getting a massive wad of cash.

If you were to look at 216M over a 48 week year, 40 hours a week, that's 103,846.15 every hour. That translates to 28.8462 dollars every second.

I'm starting to suspect that Apple might be slightly overpaying him.

yea, what happened to the 1$ a year thing? what do CEO's of other big companies make? like...michelin tires or something...four seasons...
tito

Alot.



ndugu

I never understood why you would want more then 100$ million - after that it's just more money that sits in a bank.

or he my just fill swimming pools with $100 bills to lounge around in...

paper cuts be damned I would so do that if I had the money. I dont think I could fill a kiddy pool with my money if it were all singles.

You should visit As the Apple turns more often.

and for the lazy...

"But wait," you say, "I thought Steve's annual salary was only one dollar, and he was back at Apple out of the goodness of his heart."  Well, technically, yes.  But Graef Crystal over at Bloomberg is averaging over three years and including pay elements in addition to base salary, such as that tax-free Gulfstream jet that Apple's board awarded Steve as a thank-you gift in 2000 and his stock options covering 27.5 million shares.  (Apparently the fact that those options were eventually traded in for five million free shares after Graef's study period and were worthless during it doesn't signify.)  For those "extras," in addition to ranking as the highest-paid CEO in the country, Jobs also wins Graef's coveted "Most-Ludicrous-Pay-Package trophy."




Which all tells us two things: 1) they have trophies for everything these days, and 2) business pundits are never going to stop harping on those options or that freakin' jet.  For our money, the bottom line on Jobs's compensation is that there's nary a doubt in our minds that Apple would have folded completely without him, or at least been bought out to build crappy Wintels for Compaq or something-- so as shareholders and as Mac users, we figure he's worth every penny.  Still, these days we really wish he'd bought his own aircraft and turned down those worthless-anyway options, because the whole "Jobs Makes Trillions of Dollars Every Minute" thing is getting old.




Note to the board of directors: the next time you want to thank Steve for accomplishing the nigh-impossible, do us a favor-- just buy him a box of Blow Pops and be done with it."

I'd pay myself a lot more than that.

When the CEO makes more than the company there is a real problem.  How much did Apple profit in the last three years through this downturn.  I know last quarter they only netted 19 million, and I remember a 35 million loss quarter, but thats it, sounds like they would be more profitable if they payed him less

Kevin

Read the real stuff, not the sensationalistic crap.  If your payment is in stock options, then the company's success is your success.  It's not like Steve is getting wads of cash thrown at him.