How does Steve Jobs make his living?
Apple pays him $1 a year. No options. Once in a while, he gets a nice jet, but Apple hasn't paid him any other bonuses or options for a while.
He has a job as the head of Pixar; does that pay his bills:? It's just hard to imagine the Big Cheese without an expensive home and a nice car.
He has a job as the head of Pixar; does that pay his bills:? It's just hard to imagine the Big Cheese without an expensive home and a nice car.
Comments
Salary: $1
Bonus: some outrageous amount, I believe $50 million?
Total: $90,000,100
[ 12-26-2001: Message edited by: CosmoNut ]</p>
<strong>According to Yahoo Financial ( <a href="http://biz.yahoo.com/p/a/aapl.html" target="_blank">http://biz.yahoo.com/p/a/aapl.html</a> ), SJ gets $90M a year from Apple alone. He apparently only makes $100 ($0.1K)a year from Pixar ( <a href="http://biz.yahoo.com/p/p/pixr.html" target="_blank">http://biz.yahoo.com/p/p/pixr.html</a> )
Total: $90,000,100
[ 12-26-2001: Message edited by: CosmoNut ]</strong><hr></blockquote>
The $90M for FY2000 was the Gulfstream V Jet given to Steve. His salary is only $1 at Apple. So his yearly salary (both Apple and Pixar) is $101. Like others have said, however, he must make a living off his interest and dividends.
<strong>A Gulfstream V costs $90 Million?</strong><hr></blockquote>
No, he also received some stock options if I remember correctly.
<strong>No, he also received some stock options if I remember correctly.</strong><hr></blockquote>
OK, 'cause I was gonna say...
[ 12-26-2001: Message edited by: MacAgent ]</p>
<strong>A Gulfstream V costs $90 Million?</strong><hr></blockquote>
"In Apple's fiscal year 2000, for instance, the company decided to give Jobs a Gulfstream V jet worth $43.5 million, as well as $40.5 million to pay for the taxes and other costs associated with granting the plane."
<a href="http://www.zdnet.com/zdnn/stories/news/0,4586,5101047,00.html?chkpt=zdhpnews01" target="_blank">From current ZDNut article...</a>
Let's be conservative nad say Steve Jobs only owned 25% of the company, that's $100 million. $100 million sitting in even a low-yielding account earning 1 percent a year interest is $1 million - VERY easy to live on a million dollars - that buys a lot of blue jeans and mock turtlenecks Everything else (expense-wise) is paid for by Apple/Pixar.
That makes him able to buy like, 128MB of RAM from the Apple Store!
According to Forbes, Jobs is worth 1.4B. Assuming he has a paltry 14M (one hundredth of his total net worth), on some government and corporate bonds paying 5%, he would make seven hundred thousand dollars a year (700K)...not shabby.
I assume that 700K will cover a few new German sports cars and a nice college for the kids.
Anyhoo, the unbelievably rich are not like you and me. They do not get paid per hour ( ) nor do they get much of a salary most of the time. Oh, sure, they might get $1 million as a way of saying "I'm another working stiff like you!" but they make an order of magnitude more in the equity they own. Equity generates more equity and can be cashed in at the appropriate time for greenbacks. (reminds me of, "Money can be exchanged for goods and services." "Woo-hoo!") Jobs can easily dip into his investments, sell a measly amount of stock, buy a car with cash in hand and barely make the balanace sheets burp.
<strong>NeXT was a privately owned company? Are you sure?</strong><hr></blockquote>
I was a stock researcher, so yeah, I'm sure.
[ 12-26-2001: Message edited by: Kestral ]</p>
1. Frame it and hang it on his office wall with the others?
2. Deposit it into his personal checking account?
3. Combine it with the others to save up for an Extra Value Meal from McD's?
4. Give it to the poor?
5. Shred or burn it?
6. Hide it in a random iMac during production?
7. Put it in a Salvation Army bucket somewhere?
8. Bury it in the sand of a California beach?
9. Spend it on a Coke at a baseball game?
10. Buy a 20min. long distance call w/ 10-10-220? (that'd actually be a cool ad!)
11. Eat it? <img src="graemlins/bugeye.gif" border="0" alt="[Skeptical]" />
EDIT:
"What's up Steve?"
"Well, I just got paid my dollar for this year as CEO of Apple Computer, but I can't figure out what to do with it."
"Hey, just use 10-10-220 to get a 20 minute call for only 99 cents."
"99 cents! Wow! Thanks, man!"
He he
[ 12-27-2001: Message edited by: CosmoNut ]</p>
Or maybe at the end of each financial quarter one of the board member tosses him a shiny new quarter and congratulates him on a job well done.
Perhaps he gets a check every two weeks. This check would be for 1 cent, and he wouldn't get paid for four pay cycles (2 months).
[ 12-27-2001: Message edited by: Codename ]</p>