Full FeedJobs continues to spend money on traveling, is this good or bad for Apple?
Every quarter, Apple must tell the SEC how much money they are returning to Steve Jobs for all of his travel expenses. As an example, last quarter Apple reimbursed Jobs a staggering $102,000 for his flight and travel expenses on his Gulfstream jet. Even more staggering than last quarter’s number is this quarter’s, in which Jobs racked up a nice $189,000 in travel fees. All in all, over the summer and this year, with the release of the iPhone 3G and such, Jobs spent about a half a million dollars so far. Although it may seem like Jobs is spending a lot of Apple’s money, there are also upsides to these numbers.
One important thing these large numbers could mean is that our favorite CEO is making more and more negotiations worldwide. This is obviously good for Apple as a company as it can help them keep in good terms with their suppliers and retailers across the world. So, in general, when Mr. Jobs’ travel expenses are up, so are the chances we will see new products and announcements from Apple. The only downside I can see to his travels is the little money Apple spends on them (compared to how much they currently have), as well as the carbon footprint.
Via Alley Insider
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Is Jobs still collecting a dollar a year as CEO? If that is still the case I would believe $189000 to a CEO of such a large company is except able and add in the fact its business related I think the big Apple will be just fine.
on November 5, 2008 at 08:55 PM - LINK