Jobs Refuses Disney Board Compensation

[napnet]

Apple’s CEO Steve Jobs has asked The Walt Disney Company not to pay him the $65,000 annual salary he is entitled to as a member of the company’s board of directors.

As a result, Disney has modified its director compensation policy, wire reports indicate. Jobs secured a seat on Disney’s board after the company acquired Pixar Animation Studios. Jobs is now Disney’s largest shareholder with a stake valued at about $3.9 billion.

The move is not a new one for Jobs, who takes just $1 a year for his position at the head of Apple.

http://www.worldscreen.com/newscurrent.php?filename=jobs70506.htm

 

[Connor002]

Interesting... :lookaroun Very...

 

[napnet]

Interesting... :lookaroun Very...

Nah, corp people do this all the time. Something about less taxes on dividends from stocks than income.

 

[clarksfan95]

I'm gonna have to call him and tell him that he could alwasy donate to the "I need money for a Disney trip" foundation....which is founded by myself of course.

 

[ctwhalerman]

Nah, corp people do this all the time. Something about less taxes on dividends from stocks than income.

I don't know if I'm alone in thinking this, but Jobs seems, like Bill Gates, to care less about his money and more about his companies and his work. Jobs probably has no heavy expenses (Apple gave him a plane, his houses are probably paid off) so now I imagine he just wants to coast for a while on his stocks and work on things that interest him. I find it commendable.

 

[Shaman]

I don't know if I'm alone in thinking this, but Jobs seems, like Bill Gates, to care less about his money and more about his companies and his work. Jobs probably has no heavy expenses (Apple gave him a plane, his houses are probably paid off) so now I imagine he just wants to coast for a while on his stocks and work on things that interest him. I find it commendable.

Not to mention...smart.

 

[mickey sparkle]

Um...Jobs not caring about money?

No offense but...have we landed in the Twilight Zone? :lookaroun


Jobs probably cares more about money than anyone in Hollywood. Is this not the same Steve Jobs who tried to sell Pixar for years because they weren't making a profit? (and finally did it for a pretty nice bundle, to put it mildly.)

Is this not the same Steve Jobs who demanded a collossal "Star Wars" type deal from Disney without hesitation? (which would have given Disney virutally nothing in return)

Sorry, but when I think of Steve Jobs, humble and self-effacing are not words that usually spring to mind. And I also think we're forgetting that he'll have almost nothing to do with running ANY of Disney's divisions save voting every once and a while on the board. He is not any more of a "Disney guy" then he was before.

I totally agree with napnet...it's for tax purposes and maybe diplomatic ones too. And trust me....to guys like Steve Jobs, 65,000 dollars is like 1$ is to us...probably less.