Ever since rejoining Apple in 1997, Steve Jobs has been paid a total of $14 for his efforts, which include the introduction to the market of the iPod, iPhone, iPad and countless other mega-hit devices.
In its proxy filing in January 2011, Apple again confirmed that Jobs was paid a dollar for his 2010 efforts and was awarded no new stock. It also confirmed that he has not cashed in any of his roughly 5.5 million shares since 1997.
How did Jobs manage to buy black turtlenecks and other day-to-day necessities over his tenure, which ended today?
For one, the company reimbursed him for many expenses, according to its filings, including more than $800,000 in 2008, a year when Jobs took a six-month leave of absence when he fell ill.But that's chump change compared to the estimated $48 million that he has been getting every year in dividends from his 138 million shares of Disney stock.
It's amazing in today's world of mega-compensation for CEOs that Jobs never demanded more monetary recognition for his contributions to Apple. Apple's stock price has risen to make the company one of the largest companies in the world by market capitalization. Jobs turned in 'A+' work but got an 'F' grade on his adult report card throughout his years at Apple.
"Steve Jobs is the world's magic man," former Apple CEO John Sculley, who Jobs famously recruited to the company from PepsiCo in 1983 by asking him whether he wanted to continue selling sugar water or change the world, wrote in an email to FINS. "No compromises. His lifelong passion has been to change the world one person at a time. He did it with insanely great products that make us smile."
The January proxy filing also said that the company gave Jobs a jet in 1999 as a bonus. So it's not all bad for the $1 CEO.
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