Apple boss takes home just $1 as salary in 2010
By PTI
Monday, 10 January 2011, 06:37 IST
New York: He runs the world's most-valued technology company but when it comes to pay, Apple's iconic chief Steve Jobs has been taking home a salary of just $1 at least for the past three years.
Jobs, who rejoined Apple in 1997, is the brain behind many best-selling gadgets such as iPhone, iPad and iPods.
Interestingly, his compensation comes as a sharp contrast to many CEOs worldwide, who get huge pay packets -- an issue which was also blamed for the financial meltdown in 2008-09.
"Jobs' total compensation consists of a salary of $1 per year. Jobs has not received an equity award since 2003," Apple said in a regulatory filing.
He received the same salary in 2009 and 2008.
It is unbelievable and that too in the USA.
This is what Indian sages preach about.
Do your work but don't be bogged down in the result.
Niskam Karma. That is what it is called.
Well I suppose his being inflicted by cancer may have something to do with his decision to take only $1/- annual pay.
I suppose all his expenses are borne by his company.
He has realized the frailty of Life.
Hats off to him.
However, it must also be understood that he owns a substantial chunk of Apple share (about 5.4 million as per Wikipedia) and if the company does well and prospers, who needs a salary?
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