Monday, April 13, 2009

Steve Jobs and Executive Income


Steve Jobs remains one of the highest paid executives in the world. But his annual salary remains just $1. Far more important, according to Portfolio Magazine, he contributes more than $33 billion dollars annually to the world economy, including an estimated $16.5 billion for Apple.

I remain very uneasy about $100 million plus incomes, but if Apple doesn't perform, Steve only gets his dollar. And if the global financial industry had operated on this principle, we wouldn't be in this mess now.

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