Apple CEO Steve Jobs receives salary of $1 in 2009Steve Jobs was compensated $1 for his work as Apple's CEO in 2009, a tradition that has existed since 1997.
Steve Jobs officially made $1 in salary in 2009, continuing a tradition started in 1997. Apple disclosed this information in a preliminary proxy statement sent to its shareholders on Wednesday.
Jobs holds nearly 5.5 million shares of Apple's stock, a position he has held steady since 2003, making his holdings in the company worth over $1 billion. He is also the largest single shareholder in The Walt Disney Co. at 7.4 percent.
Earlier in December, Jobs was named the world's best-performing CEO in the January-Feburary 2010 edition of Harvard Business Review. He was credited with delivering a 3,188% industry-adjusted return since he rejoined the company as CEO in 1997.
Jobs was given the title "CEO of the Decade" by Fortune for his role in turning Apple into a groundbreaking technology leader and "the most valuable company in Silicon Valley." He was also a finalist for Time magazine's 2009 "Person of the Year."
Apple's annual shareholder's meeting is currently scheduled for February 25, 2010.
On Topic: Investor
- Apple announces first sterling-denominated bond valued at $2B US
- Apple revises down capital expenditure projection 8% for fiscal 2015
- As Apple's offshore cash pile reaches $190B, US Congress moves closer to multinational tax reform
- Market watchers see buying opportunity as Apple shares slide after June quarter miss
- Apple's quarterly R&D spending soars past $2B mark for first time