Apple doubles Steve Jobs' salary to $2
Sidorin
Following the huge success of the iPhone, iPod and other iToys,
Apple's board decided to double Steve Jobs' annual salary, which had
been $1.00 for the past several years, making it one of the fastest
growing CEO salaries in the nation.
This unprecedented 100% salary increase easily breaks the previous
record set by the 60% increase General Electric's CEO received in 2007
when his pay was upped by $15 million.
Asked how he would spend the extra buck, the delighted Apple CEO was
quoted as saying that "a substantial part of the raise will go to
charities".
Not everybody's happy.
"It's a corporate waste," argued another Steve, Microsoft CEO Steve
Balmer.
"Even if my board gives me a 10% raise annually it would take a full
10 years to double my pay."
"Or longer," added Mr. Balmer after some hesitation.
Similar concerns were expressed by labor unions.
A Local 512 representative expressed concern that if Apple continue to
double its CEO's salary, "50 years from now Mr. Jobs will get a
thousand trillion dollars annually, about a billion times more than
the projected salary of a hard working COBOL programmer in 2058."
See this story illustrated at http://www.mapreport.com/houses/stevejobs.html#l