Steve Jobs was the co-founder and CEO of Apple Inc., one of the most valuable companies in the world. He had a unique approach to his salary, taking just $1 each year from 2000 to 2011. Instead of cash, he...
Steve Jobs was the co-founder and CEO of Apple Inc., one of the most valuable companies in the world. He had a unique approach to his salary, taking just $1 each year from 2000 to 2011. Instead of cash, he believed that his real compensation came from owning shares of Apple, which kept his interests aligned with those of shareholders. In 2006, he vested 10 million shares which were worth a staggering $769.8 million at the time. One of his more extravagant bonuses was a Gulfstream V private jet, valued at $90 million, which he received in 2000. Jobs took medical leaves in 2009 and 2011 but remained involved in key decisions, showing his dedication even when he was not in the office. He officially stepped down as CEO in August 2011, becoming the Chairman of the Board. Under his leadership, Apple’s revenue skyrocketed to $108.2 billion, redefining technology and business. He was known for his relentless focus on long-term growth rather than short-term gains, a principle that has left a lasting impact on the tech industry and beyond.