Jobs bets on Apple Stock

Filed under: — menk @ 5:21 pm

Once again when Steve Jobs contract came up at Apple he arranged for a salary of $1/Year. This is an executive that knows the value of the company is paramount for the investors and demonstrates he understands that completely. His entire compensation is based on the value of Apple Stock. In March of 2003 he was granted 10 Million shares (somewhere around $10/share) that vest completely on the third anniversary of that date or sometime in March of 2006.

If the stock price remans roughly the same as now Jobs will net approx ~$620M. (a stock price increase to $41 and a 2 for one split)

Nice Job Steve! Keep Apple kicking butt!

Jobs Salary $1 Again

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