Monday, July 23, 2007

i WORSHIP

APPLE loves the kidz....

Above: True followers

So i decided to create a link section for APPLE fans/users/future users on my blog (on the right). As i find more sites/blogs i will add them. I will also get around to post my feedback on my iphone, so far amazing! Steve Jobs = Innovator. Not bad for a guy that has a yearly salary of $1. (Yes ONE Dollar) Read below...

Jobs works at Apple for an annual salary of US$1, and this earned him a listing in Guinness World Records as the "Lowest Paid Chief Executive Officer." His current salary at Apple officially remains US$1 per year, although he has traditionally been the recipient of a number of lucrative "executive gifts" from the board, including a US$46 million jet in 1999 and just under 30 million shares of restricted stock in 2000-2002. As such, Jobs is well compensated for his efforts at Apple despite the nominal one-dollar salary. This approach reduces his personal tax liability because, under current U.S. tax law, salary income is taxed at a significantly higher rate (currently up to 35%) than the capital gains tax (currently a maximum of 15%) applied to profits arising from the sale of stock grants. Obtaining remuneration through stock instead of salary is a common extrinsic rewarding technique which ties management performance to financial benefits. Furthermore, it acts as a tax minimization strategy.

PS: A true genius!

2 comments:

V*Kstro said...

This is great! Thanks again!

Joshua M. said...

steve jobs is the shit! for all the haters out there no matter what he still dominates...