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Apples’ 2011 Proxy Statement Now Online, Steve Jobs Earns $1

Apple announced its 2011 proxy materials are now available on the web under the US Securities and Exchange Commission’s Notice and Access rules.

Apple CEO Steve Jobs works hard for his money, drawing his annual $1 salary once again from the company he helped create — though the value of his shares in the firm reached a new zenith — a mighty $1.8 billion!

Apple’s Annual Meeting will be held on Wednesday, February 23, 2011 at 10:00 a.m. PST.

Apple Balance sheet: Proxy Statement

Some interesting fiscal tidbits from the SEC:

  • Company believes Mr. Jobs’s level of stock ownership significantly aligns his interests with shareholders’ interests; his total compensation consists of a salary of $1 per year.
  • $248,000 was reimbursed for company travel on the JobsMobile (the slightly-aging $90m Gulfstream V jet he was given in the last Century).
  • Company’s net income jumped 70% in fiscal 2010 to $14 billion, on revenue of $65.2 billion, an increase of 52% from a year earlier.
  • Apple’s COO, Timothy Cook, took salary of $800,000 in 2010 along with a $5 million bonus and $52.3 million worth of stock awards.
  • Cook’s compenstion included $40,001 for accrued and unused vacation.(Cook works pretty hard too).

Reference: Investor Relations

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