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Steve Jobs and the Giuness World Records

the8thark

the8thark


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I didn't know where to put this , but I heard somewhere our Steveness owns the record for the worlds lowest paid (in cash) CEO. $1 per year supposedly. Is this true?

I'm sure he'd get cash from stock and company gifts ect to live of though.
 
DaYCEnt

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Smart man! the tax benefits are both legal and awesome! as a business owner, i'll tell you there are tons of laws that protect and support smart business owners. the 20/80 rule stands strong worldwide. it's not the situation you were 'gifted' with, but what you did with the situation. and Steve has shown very worthy of being in the 20% group. Rock on, Steve!

a quick google shows tons of mentions about his $1 income, TimeMagazine included. i don't have time to dig up the actual guinness records.
 
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i heard he also keeps his salary that way so that he can collect the group medical benefits as a paid, full-time employee. forgot where i read that. very smart though.
 
Carol247

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Very smart business move. It works very well in his favor.
 
Cassifire

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Yeah, I remember reading that in the 2002 edition. He's a genius.
 
fleurya

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Poor guy. But don't worry, he'll make plenty off those back-dated stock options!! J/K!! ;)

I'm sure he makes more monetary compensation than that, at least, as far as the IRS is concerned. Any expenses paid for him by the company, like a company car, would be considered income as well.

I think all publicly traded companies have to disclose all executive compensation in their 10-K. If you want to find out for sure, just go to to Apple's investor relations site. Be warned, after reading about 20 or so 10-K's in the past 4 months for school, I can tell you that they are a little boring to read!
 
TheThirdMan

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Quite a few people have followed him through. When you're as rich as he is, work is just a fun thing to do rather than a job and therefore a salary aint really needed. And of course the tax thing. And the fact that he actually gets paid less than anyone else in the world...

Last year he earned over $600 million!
 

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