NEW YORK — Apple Inc. chief executive Steve Jobs again took an annual salary of $1 in 2010, representing his total compensation for the year, the technology giant said in a regulatory filing.
The Cupertino, Calif.-based company under Jobs’ leadership has built itself into a profit machine through a string of hit consumer-electronics products, starting with the iPod digital media player, followed by the iPhone and iPad.
In May, Apple became the world’s most valuable technology company based on market capitalization.
It is widely known that Jobs, 55, has been getting a $1 salary, a practice that has been in place since he rejoined the company in 1997. Jobs also owns about 5.5 million shares of the company and hasn’t sold any of his shares since 1997, according to the filing. All his equity awards are vested.
The stock had been trading around $5 on a split adjusted basis when Jobs returned to Apple. Today, the value of his holding, up 53 percent in 2010, is worth about $1.85 billion.
