From news.com:
After years of drawing just a dollar in salary, Apple CEO Steve Jobs could be in store for a raise.
Apple filed its annual report for its 2007 fiscal year Thursday afternoon, and hinted in a section about executive compensation that Jobs could be in for some real money fairly soon. “Because Mr. Jobss continued leadership is critical to Apple, the Compensation Committee is considering additional compensation arrangements for him,” the company wrote.
Now, its not like Jobs is hurting for money. According to Forbes most recent list of the worlds billionaires, Jobs ranks 132nd with an estimated net worth of $5.7 billion, $4.7 billion of which comes from holdings in Disney.
The annual report notes that he holds 5.5 million shares of Apple stock through a series of restricted stock awards over the years–some more controversial than others–that have vested. But it also points out that he hasnt sold a single share of Apple stock in the 10 years since he rejoined the company.
The closing price of Apples stock Thursday? $164.30. So if Jobs were to bail out of Apples stock tomorrow this isnt going to happen, hed pocket $903,650,000.
