Despite Apple CEO taking his usual $1 per year salary in 2008, the decline in the economy has seen Apple’s stock plummet some more. Currently somewhere in the neighborhood of half a billion (yes BILLION) dollars have been knocked off the value of Steve’s holdings in Apple. Ouch.
Jobs holds 5.5 million shares of Apple stock, and hasn’t sold any of them since the ‘second coming’ back in 1997. I don’t feel too bad for his ‘Steveness’. Even though he’s taking $1 per year for his efforts, the amount of stock he holds more than makes up for it. Lets just hope for the company and indeed the world at large that the global economy starts to turn around. Too many friends, colleagues and family are taking a big hit these days.
To get back to the topic of Apple shares, the value of them has been cut in half since the end of 2007. If there was any doubt we’re in a recession, suck on that for awhile.
I was going to end this post with, ‘Well, at least Steve has his health’… But we all know that isn’t the case… yet. I know we all hope Jobs gets back to full health this year, and that the economy does the same.
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