Why does steve jobs get paid only $1?

why does steve jobs only get paid $1 and hes a billionare?

he does not need a salary so he mkes his money from rising stock prices when he sales his stock!!!!

I could answer this if it made some sense.

What...................The................. ??????

It was his decision. But he has tons of stock options. So if he helps the company prosper, and the stock price to rise, he makes millions. And so far, he's done just that.

To avoid paying more taxes... when you're a billionaire, you no longer need to pay yourself all that much money.

Many (smart) CEOs and Heads of large companies only take a token salary (often one dollar), and then buy a lot of the company's stock, planning to earn their REAL money by doing whatever will make the company's stock go up (and then selling small chunks of it regularly). Since a publically-held corporation's FIRST responsibility (like it or not) is to reward the stockholders, this shows the CEO means to do what he/she really should, turn a profit for the real owners of the company, people like you & me!

Steve is a college drop-out worth about $5.9 BILLION. I'm a (very) hetereosexual guy, and he looks pretty cute to me!

He doesn't need the salary. He makes it all on stock options.

Steve Jobs is paid one dollar as a cash salary. The rest of his compensation is stock options. This is done to make sure Mr. Jobs does what's best for the company and stock price usually reflects company perfromance. Therefore the better the stock perfroms, the more money he makes. A stock option is usually when a company awards a certain amount of stock specified in either number of shares or in dollars. Say Apple's stock is worth $100 at the time an option is awarded. The option will have a time window(1 year for example) in which it can be "exorsized" or bought. Say Mr. Jobs buys his option 8 months after it is awarded and the price of Apple stock is $150 he gets to purchase the stock for $100 because that was the price when it was awarded. Mr. Jobs makes $50 per share. Many top executives are paid this way.

Because he gets restricted and unrestricted shares in lieu of payment. He makes money if the company makes money.