Steve Jobs had a trick to pay for other people’s food without spending a single dollar.
Steve Jobs’ life is full of anecdotes, like the day he threw an iPhone on the ground to impress or when he changed the design of the iPad because he didn’t like photos. And John Gruber recently wanted to remember one of them in his daring fireball.
This is a story that Scott Forstall told Wired a few years ago and that shows us again the most thug side of the co-founder of Apple. In this case, with a trick to pay for other people’s food without spending a single dollar.
“Every time I ate with Steve, he insisted on paying for me, which I thought was a bit strange. Even if we walked in together and he selected something quick like sushi, and I ordered pizza from the wood-fired oven, he would wait for me at the register for 10, 15 minutes. I felt very uncomfortable.
Finally, I told him. ‘Seriously, I can pay for myself, so please don’t stand there waiting for me.’ Steve said, ‘Scott, you don’t get it. Do you know that we pay by swiping the employee ID and that is then deducted from your salary? They only pay me a dollar a year! Every time I swipe it we get a free meal!’ Here was the billionaire taking a gamble on the company he founded for a fistful of dollars“.
Steve Jobs’ salary was only a dollar
Few know it but the former CEO and founder of Apple had an annual salary of only one dollar. This was a measure that he took when he returned to the company in 1997. At that time Apple was facing a very difficult situation and was close to bankruptcy, so Jobs decided that his salary would be symbolic, making see what was there to revive Apple, not to make money.
What was really important to Jobs was that Apple grow, not only because of spinal pride, but also because of his actions. In the time that this in Apple its shares went from being worth 17.5 million dollars to 2,200 million dollarswhich compensates for the 14 years with a salary of only 1 dollar.
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This strategy has been used by numerous famous CEOs of other companies such as Larry Page and Sergey Brin from Google, Mark Zuckerberg from Facebook or Elon Musk from Tesla. Mind you, stock rewards are usually tied to this low salary.
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