The Register® — Biting the hand that feeds IT

Apple ‘compensates’ Jobs with $40m aircraft, 10m shares

The secrets of Jobs' $1 salary revealed

Tune into our application security webcast, click here

So what did Steve Jobs gain for announcing to the world that he was no longer Apple's interim CEO, but the position's permanent incumbent? In a jaunty release, the company confessed it had offered up to its saviour a Gulfstream V light aircraft (retail price: approx. $40 million) and the right to buy ten million Apple shares. Jobs, you may recall, got rid of his entire Apple stock but for a single share not long after engineering the sacking of Gil Amelio and assuming the company's pilot seat. Indeed, he only kept the single share because of promises he'd made previously that he would always remain an Apple shareholder. Amelio himself was a keen aviator, and had previously come up with the wheeze of renting his own aircraft to Apple for the company's executive transport needs. And don't forget Apple board member and Oracle CEO Larry Ellison's own avian passion, which turned to anger when San Jose airport recently refused to allow him to take off -- for which he is now suing the city. Interestingly, Larry's choice of winged steed is also a Gulfstream V. Jobs salary will continue at $1, said Apple. But since $40 million of aircraft over the two and a half years Jobs has been Apple CEO translates to $16 million a year, if you figure that in salary terms he's not doing at all badly. And don't forget the paycheque he picks up every month from Pixar, which should keep the vegetarian CEO in mung beans and tofu for the foreseeable future. To be fair to the lad, Jobs has turned Apple round from a position that few pundits believed it could recover. But why maintain the 'comedy salary' routine? Like the 'interim', does Apple really think it's fooling anyone here? ®

See what The Register's experts have to say on application security

Don’t Miss

Win a Samsung C6625!

Reg Lucky Draw Windows Mobile handsets up for grabs

Palm_Pre_001_SMIs your cameraphone an oxymoron?

Pic Review iPhone 3G v iPhone 3GS v Palm Pre

Reg black vulture logoReg Mobile and Wireless newsletter is go! go! go!

Site news Email-tasm

Sign up, sign up for The Register IT security newsletter

Narrowcasting for the email classes