Steve Jobs may get a raise
Posted by Dennis Sellers 
Nov 16, 2007 at 8:31am
After years of drawing just a dollar in salary, Apple CEO Steve Jobs could be in store for a raise, notes CNET. Apple filed its annual report for its 2007 fiscal year Thursday afternoon, and hinted in a section about executive compensation that Jobs could be in for some real money fairly soon.
“Because Mr. Jobs’s continued leadership is critical to Apple, the Compensation Committee is considering additional compensation arrangements for him,” the company wrote. The annual report notes that he holds 5.5 million shares of Apple stock through a series of restricted stock awards over the years. But it also points out that he hasn’t sold a single share of Apple stock in the 10 years since he rejoined the company.
Of course, as CNET Jobs isn’t exactly hurting for money. According to Forbes’ most recent list of the world’s billionaires, Jobs ranks 132nd with an estimated net worth of US$5.7 billion, $4.7 billion of which comes from holdings in Disney.
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Dennis Sellers
Dennis has been a newspaper editor/reporter (seven years) and teacher (seven years). He has over 10,000 magazine, newspaper and online articles to his credit. He has also covered the Mac and tech industries for over a decade for such online publications as MacCentral, MacMinute and now MacsimumNews.
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