Apple CEO Steve Jobs is the fourth best paid executive in the world this information has been revealed by the Wall Street Journal. At present Steve Jobs worth is approximately $759 million despite the fact that he took $1 yearly salary throughout a decade from Apple.
Here we have quoted some text what the WJS says about Steve Jobs,
Apple’s Mr. Jobs also took a $1 annual salary throughout the decade. But he ranked fourth primarily because of a $647 million gain on restricted stock that was granted in 2003 and vested in 2006. He still holds the shares.
Apple directors gave Mr. Jobs the restricted stock in exchange for stock options that were then worthless, but which ultimately would have been worth more than the restricted stock had Mr. Jobs held them. Apple later acknowledged that some of the options exchanged for the restricted shares had been backdated, boosting their value, and restated its financial results. An Apple spokesman declined to comment.
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5 Comments
Andrew A. Sailer on July 28, 2010 at 4:03 AM.
Hands down, Apple’s app store wins by a mile. It’s a huge selection of all sorts of apps vs a rather sad selection of a handful for Zune. Microsoft has plans, especially in the realm of games, but I’m not sure I’d want to bet on the future if this aspect is important to you. The iPod is a much better choice in that case.
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