By DPA,
San Francisco : Apple’s Steve Jobs took a salary of just $1 for steering the world’s most valuable technology company through 2010, according to a regulatory filing released Friday.
But there’s no need to feel sorry for the financial situation of the Apple founder. His shares in the company continue to rocket in value.
He owns some 5.5 million shares in the company, which are worth some $1.8 billion at the current price of around $333 a share, a rise of more than 50 percent on the year.
While Jobs’ salary was modest, his assumed successor Tim Cook did have a bumper year.
Apple’s chief operating officer, who ran the company during Jobs’ health-related leave of absence in 2009, earned a base salary of $800,000, plus a bonus of $5 million and $52.3 million in stock awards.