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Steve Jobs still the $1 man
Apple's billionaire honcho has taken home an annual salary of $1 since 1997, but you won't likely find him in line at the local soup kitchen
He has piloted Apple into unrivaled airspace in the digital music game, but Steve Jobs continued to take home an annual salary of $1 in 2005 without a bonus, according to a regulatory filing.
Jobs, 51, began taking home an annual salary of $1 in 1997 when he rejoined the company he cofounded and did so again in 2005, according to the company's annual proxy statement, which was filed yesterday with the Securities and Exchange Commission.
But you won't likely find him in line at the local soup kitchen--he recently placed 140th on Forbes list of the richest people in the world with a net worth of $4.4 billion. His net worth continued to soar in 2005 along with his company's share price, which jumped 63 percent in the past year.
In March 2003, Jobs received 10 million restricted shares of Apple stock that will be fully vested this month. That will give him ownership of about 1.2 percent of Apple's outstanding shares.
The home of the iPod/iTunes juggernaut certainly spread the wealth amongst its top execs, with Chief Operating Officer Timothy Cook taking home $602,434 in pay and a $600,239 bonus and Apple's retail chief Ron Johnson earning $552,795 in salary and a $550,202 bonus.
Jon Rubinstein, Apple's iPod guru, took home $552,795 in salary and a $551,239 bonus.
Shares of Apple were up nearly 2 percent today in midday trading at $66.79.
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