August 27, 2011
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Unusual CEO
Steve Jobs earned a $1 annual salary every year since he rejoined Apple in 1997. While many $1-a-year CEOs reap big back-end stock and options packages, Jobs was almost a financial ascetic: He collected no stock awards most years, no cash bonuses and no perks, even turning down a 401(k) match from Apple.
Apple’s market cap has risen from less than $2 billion to over $355.6 billion under Steve’s leadership, making it the most valuable publicly traded company in the world.
Comments (6)
He is special.
It’s good to hear about those who are not greedy. Refreshing.
I knew about the $1 a year salary but didn’t know – and am a bit surprised – about the lack of other monetary rewards for his excellent job. While I think we need to be careful to avoid deifying him, Steve Jobs is someone who will probably go down in history as one of the great innovators in American history.
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