4 ms·

Steve Jobs famously took a $1 salary and everything else was in stock.

• adave 4y ago
  Coz salary is taxed higher, many billionaires do this. He had enough control to not pay tax and just spend on the company's credit card.
  • jacklizhui 4y ago
    The take away here is, he did get compensated. What proportions were cash salary, irrelevant.
• bostonpete 4y ago
  That's not really true, at least not in the same way being discussed above. Jobs already owned millions of shares in Apple stock, so yes, he profited from the stock but AFAIK that was only from the appreciation of existing stock, not from new grants.
  • Phlarp 4y ago
    If nothing else, he also got unlimited personal use of the company jet.
  • radicaldreamer 4y ago
    There's a whole options backdating scandal associated with his comp, so no, it wasn't just existing stock.