“Wealth consists not in having great possessions, but in having few wants.”
Epictetus, Greek philosopher (c50-135AD)
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.