Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?

Download Now!

This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

Download Now!
March 16, 2004
Jobs's Salary Takes Nibble out of Apple

Apple Computer Corp. paid chief executive Steve Jobs $1 in salary and no bonus in 2003, Reuters reports.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

The information was included in the companies filing with the Securities and Exchange Commission. Jobs has received a $1 salary since 1998, a year after returning to the company he helped found.

The company did grant Jobs $74.75 million in restricted stock in exchange for the cancellation of his 27.5 million stock options, according to Reuters.

Reuters notes that while Jobs's salary has remained at only $1, other perks given to Jobs since his return, such as a $90 million airplane and stock options, have made the chief executive a target of criticism.

Jobs received no stock options in 2003.


Reuters article, via

Featured Special Report:
Top 100 FLSA Overtime Q&As
Twitter  Facebook  Linked In
Follow Us
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on
Document URL: