Steve Jobs takes $1 salary in 2009, only $4,000 for jet
updated 07:35 pm EST, Tue January 12, 2010
CEO holds over 5.5 million AAPL shares
Apple CEO Steve Jobs has taken his usual salary of just $1 yet again in 2009, according to the company's annual proxy statement filed with the SEC. Jobs holds a much larger portion of the company stock than the other executives, at 5.5 million shares, although he has yet to sell a single share since returning to the company in 1997.
Jobs appears to have significantly scaled back usage of his private Gulfstream jet, taking only $4,000 in compensation for operating the aircraft in 2009 for business purposes. Although he was gone for half of the year due to a liver transplant, travel compensation for 2008 and 2007 totaled $871,000 and $776,000, respectively.
The rest of the top executives earned base salaries averaging approximately $600,000 for the year, with equal bonuses. The proxy indicates Apple's board is attempting to amend the Employee Stock Purchase Plan. If the proposal is approved by the shareholders, an additional 36 million AAPL shares will be available for executive compensation.
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Jobs sold all his AAPL shares...
Steve Jobs received millions of shares of AAPL in exchange for Next Computer. If he didn't sell his shares after he came back to Apple, he sold them only weeks before.