Anyone can explain to me why is this happen to him all this years? How he will to survive and to live his life with that amount of salary?



This post has been edited by Mike3300: Oct 27 2006, 02:10 AM

he received stock options that allowed him to purchase the company stock at a much lower price than the trading price

he also received great stuff like the company jet, etc.

having partly own the company executives tend to work much harder... he's not the only exec who receive $1 salary... the google founders are getting only that much too.. and those 3rd world labor workers as well...

This post has been edited by mypetridish: Oct 27 2006, 02:35 AM

if you read his biography called iCon you can see he has shares from apple stocks and pixar so literally he erans all his money from that and not from the companies earnings and shit.
if you're really intrested in steve jobs and his wealth read his biography, its really good.

from wikipedia...

mike, no offence, but just wondering if you are still in high school....? If you are interested in how to make money, or how "they" make money, study accounting/finance when u get to uni (assuming you are still in high school)

the way Steve Jobs earn money is a way that is beneficial to the company and shareholders as a whole. If he had to take a $1 Mil "salary", he'd get less money(due to corporation's double taxation), and the company will have a smaller portion of the pie in their earnings. There is a chronicle in finance/accounting...to maximize ur company's earnings u need good management, good management wants good pay, good pay reduces company's earnings.... so how do you overcome this? get a 1$ pay, and get ur money from the shares by increasing share price and with other "tricks"

This post has been edited by AlamakLor: Oct 27 2006, 03:09 AM

i didnt go to those accouting nor economic schools nor did i take those classes, but i still know in general about all these stuff

plus like i said, he also get stock options that allow him to buy the company's share at a lower than market price.

Alamak Lor, no worries, just my curiousity....

but I think it doesnt make sense he earn 1 bucks...

This post has been edited by Mike3300: Oct 27 2006, 03:17 AM

lot's of things in this world is not always what it seems...or straight forward..."think outside the box" is used all the time. There is a businessman who had written lots of books about business strategy or how to make money but I cant remember his name...his books used to be quite famous in msia bookstores for some time back then. There are many other strategies written in there.

Steve Jobs have almost full control over his salary, but the way he is making money can accidentally cross the boarder of insider trading if not careful.

This post has been edited by AlamakLor: Oct 27 2006, 03:26 AM

The reason he wants to earn $1 is clearly stated in lokgotz's wikipedia quote. He doesn't need to pay high personal tax. We call this tax evasion.

Case closed.

edit:
No wait, its not tax evasion. They coined another term for it, its tax something. It's legal where you exploit the law to the fullest extend to pay as little as possible..hmm..forgot the term..

This post has been edited by Peanutz: Oct 27 2006, 06:29 AM

legal = tax avoidance
illegal = tax evasion

my prof was just talking about it in my financial accounting seminar class

Spot on!

The richest people in the world are people who earns high salary, but people who are business owners and investors.

If you want to learn to be rich, i advise you to read Rich Dad Poor Dad by Tony Buzan. You won't get rich after reading the book, but it's an eye opener.

Steve Jobs ranks as one of the most interesting figures in the history of personal computing. He's been the subject of a number of books with varied emphasis on the development of personal computers, his unique management style and of course the first and second Jobs eras at Apple Computers.

And with all that, the one thing that facinates you is the no-brainer rationale behind his USD1 annual salary?

You've got to watch what you post. It reveals your intellect, your personality (and how honest you are about both).

If you start a thread, at the very least, make it a worthwhile click. Otherwise you're just a waste of bandwidth.

i try not to reply this thread. but i have to agree on this.
i seems like it's very common in this section