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	<title>Betabeat &#187; No Golden Parachute for Steve Jobs, CEO of Second-Most Valuable U.S. Company</title>
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		<title>Betabeat &#187; No Golden Parachute for Steve Jobs, CEO of Second-Most Valuable U.S. Company</title>
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		<title>No Golden Parachute for Steve Jobs, CEO of Second-Most Valuable U.S. Company</title>

		<comments>http://betabeat.com/2011/08/steve-jobs-retirement-compensation/#comments</comments>
		<pubDate>Thu, 25 Aug 2011 11:46:42 -0400</pubDate>
					<link>http://betabeat.com/2011/08/steve-jobs-retirement-compensation/</link>
			<dc:creator>Adrianne Jeffries</dc:creator>
				
		<guid isPermaLink="false">http://www.betabeat.com/?p=15613</guid>
		<description><![CDATA[<p><div id="attachment_15618" class="wp-caption alignleft" style="width: 310px"><img class="size-medium wp-image-15618" title="steve jobs lion" src="http://nyobetabeat.files.wordpress.com/2011/08/steve-jobs-lion.jpg?w=300&h=187" alt="" width="300" height="187" /><p class="wp-caption-text">The lionhead and the lion.</p></div></p>
<p>We're on the <a href="http://Footnoted.com">Footnoted.com</a> email list, a daily serving of excessive executive compensation and corporate lavishness, but today's missive about CEO compensation had a different tone. The blog took a look at what Mr. Jobs, who has been taking a $1 salary since 2003 even as Apple's stock soared, is likely to take with him in the way of retirement benefits, severance bonus and other good-bye perks. "The answer: not much."<!--more--></p>
<p>Mr. Jobs owns more than $2 billion worth of Apple stock, it's true--which means the company's two percent stock drop following the announcement personally cost him more than $40 million.</p>
<p>"Otherwise, however, Jobs has no employment agreement," Footnoted says. "No severance agreement. No change-in-control agreement. No gold-plated pension or lifetime health benefits. That's as of Apple's most recent filings: Jobs and Apple may even now be hashing out some lavish retirement agreement. We'll see."</p>
<p>But it seems unlikely. Besides his corporate jet, Footnoted reports, Mr. Jobs, has been pretty frugal for being one of the most successful CEOs of all time.</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_15618" class="wp-caption alignleft" style="width: 310px"><img class="size-medium wp-image-15618" title="steve jobs lion" src="http://nyobetabeat.files.wordpress.com/2011/08/steve-jobs-lion.jpg?w=300&h=187" alt="" width="300" height="187" /><p class="wp-caption-text">The lionhead and the lion.</p></div></p>
<p>We're on the <a href="http://Footnoted.com">Footnoted.com</a> email list, a daily serving of excessive executive compensation and corporate lavishness, but today's missive about CEO compensation had a different tone. The blog took a look at what Mr. Jobs, who has been taking a $1 salary since 2003 even as Apple's stock soared, is likely to take with him in the way of retirement benefits, severance bonus and other good-bye perks. "The answer: not much."<!--more--></p>
<p>Mr. Jobs owns more than $2 billion worth of Apple stock, it's true--which means the company's two percent stock drop following the announcement personally cost him more than $40 million.</p>
<p>"Otherwise, however, Jobs has no employment agreement," Footnoted says. "No severance agreement. No change-in-control agreement. No gold-plated pension or lifetime health benefits. That's as of Apple's most recent filings: Jobs and Apple may even now be hashing out some lavish retirement agreement. We'll see."</p>
<p>But it seems unlikely. Besides his corporate jet, Footnoted reports, Mr. Jobs, has been pretty frugal for being one of the most successful CEOs of all time.</p>
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