[Cancer]

My question is how? I think the answer may somehow be related to the profit they made on their capital gains, but I'm not sure. Can anyone shed light into how this works (or link to an article)? Thanks.

 

[Leona]

They're like septillionaires already, so they're not hurting for money. But probably dividends.

 

[Soopahmahn]

They were already rich when they agreed to $1 salaries, and they accept compensation in the form of stock (as you mentioned) which drives them to make the company as profitable as possible so that they may rake the proceeds in.

Jobs also got in trouble for "timing" the date at which the stock options were pegged for himself and his executives, which means that with insider knowledge of performance he was able to peg the most profitable "buy" dates for the options and thereby enhance executive compensations dramatically. I forgot the term for this.

 

[stealthtastic]

A lot of execs do that same with people sitting on boards.

 

[Soopahmahn]

Options backdating, that's what it's called.

 

[105]

Their salary was $1, that doesn't mean that their bonus was $1, or that they did receive other compensation (i.e. stocks).

 

[zepp]

It's more of a gesture of "I have all of this already. I dont need to be taking money out of my company's bottom line"

 

[Josh]

Nah, they got it all on bonuses and other compensation. Calculating executive compensation packages is rather complex and you can make a lot of money as a consultant doing that.

 

[Daniel]