Amy, RE: But the $75 million dollars were not option gains, according to Mercury News.
In fact, if these were options, he'd receive $0 dollars because there was no gain.
He got paid $75M for having a pulse.
Well then the Mercury News ought to check out their sources. Funny, because the source is pretty easy to check, Apple's proxy statement.
The overwhelming majority of pay Jobs has received from Apple has been from options. All except for the $1 per year in salary he receives. Oh, I think they gave him a Gulfstream jet, too, one year.
And his gains from options were a lot more than $75mm. It was $90mm in 2000 alone. $43mm in 2001. All options, again except for $1.
Beleive it or not, Amy there are negatives to compensating employees primarily through options, too. There are plusses and minuses to all compensation schemes. |
