Steve Jobs has once again drawn just $1 for his role as Apple’s chief executive, the same salary he has been paid every year since he returned to the company in 1997.
In its annual Official Notification to Shareholders, Apple notes that Jobs’ ownership of 5.5 million Apple shares — the third largest holding — “significantly align his interests with shareholders’ interests”.
Jobs’ stock is currently worth more than $1.8 billion.
The report also notes a pay increase for Tim Cook, who now receives $900,000 “to reflect his additional responsibilities as chief operating officer”. Cook also holds 13,659 shares as well as stock options worth more than $100 million.
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