Thought for the month

“There is nothing noble in being superior to some other man. The true nobility is in being superior to your previous self.” Probably W.L. Sheldon, US lecturer on ethics (1858 – 1907) rather than Ernest Hemingway.

Monday, 24 January 2011

The $1 a year job

Clearly Apple can pay their staff whatever they want. Regulatory filings last week state that Apple CEO Steve Jobs earned $1 in salary in 2010. This meagre annual salary has been in place since 1997. Mr Jobs does own over $1 billion Apple shares but has not sold any recently. He should be able to get by on the 138 million shares he owns in Walt Disney, who pay an annual dividend of around $0.35 each.

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