updated 03:00 pm EST, Wed November 5, 2008
Jobs' travel expenses rise
Apple CEO Steve Jobs is continuing to spend high amounts of money on private jet travel, figures from the Securities and Exchange Commission reveal. The company is required by regulations to show how much money Jobs was given in compensation for using his Gulfstream jet; for the most recent quarter, the figure is listed as $189,000. This represents a substantial escalation over the June quarter, when the figure was just $102,000, and even more compared to the quarter prior to that, when costs were $30,000. Jobs' peak expenditure period is said to have been the December 2007 quarter, with a total over $500,000.
Although a burden to Apple, Jobs' flights are considered by some analysts to be a sign of corporate health, indicating increased dealings with the likes of phone carriers and supply chain links. It is suggested by Silicon Alley Insider, however, that this view may ignore critical factors, such as the percentage of commercial flights Jobs takes, and how many deals are negotiated by lesser bosses.