Jobs' leave pay disclosed

(Updated with correction) Apple CEO Steve Jobs was compensated approximately $132,000 during his 2009 medical leave, which ended in June, a filing with the SEC reveals. The company recently submitted a 10-Q form to go along with its third-quarter results; among other details, the form shows $102,000 in expense payments to Jobs during Q3, following a substantially lower $30,000 presented during Q2. The payments are notable in that they were meant to cover business use of Jobs' private jet, which was likely reduced during the executive's recuperation.

For all three quarters of Apple's fiscal year to date, Jobs has been paid approximately $682,000 to cover private air travel. He does not claim a normal salary with the company though, and instead relies on a large number of stocks to break personal profit. Jobs is in fact the largest individual stockholder at Apple, dwarfed only by collective investment groups.

Update: Investigation into the 10-Q shows that Jobs was only paid $4,000 during the nine months prior to June 27th. MacNN regrets the error.

by MacNN Staff