Steve Jobs Still Getting $1 Annual Salary

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While some CEOs get paid extremely high regular salaries, Steve Jobs, founder and CEO of Apple is still taking home just a $1 annual salary. That, of course, doesn’t count his various stock options and other holdings, but it’s symbolic for the Apple CEO and he’s been now doing it for well over a decade.

In a SEC filing, Apple announced that Jobs holds 5.5 million shares of Apple stock (worth roughly $1.8 billion), but Apple reports that Jobs hasn’t sold a single share since he rejoined the company in 1997. Jobs’ decision not to sell any stock, according to the Apple filing, shows that “Mr. Jobs’s level of stock ownership significantly aligns his interests with shareholders’ interests.” The filing did say that the Compensation Committee would be wiling to revise and offer Jobs more compensation in the future, if they wished.

But, Jobs isn’t hurting for money. In addition to his holding of Apple, he also holds some 138 million shares of Disney stock, which he acquired during the Pixar sale to Disney. He is the largest shareholder of Disney, holding some $5.4 billion in the company, while he made some $55 million in dividends from his Disney stock. Not bad – eh? He also was offered 15 million shares of Apple stock as compensation for his role in the CEO position.

It’s hard to dispute the 2010 that Steve Jobs had. Apple introduced three new successful products, the iPhone 4, iPad and new MacBook Air, which at least have the tech bloggers swooning over the device (saw quite a few of them at CES last week while I was there). Should Jobs be paid more? Tell us what you think in the comments section.