Wednesday, May 16, 2007

Steve Jobs of Apple

Here is a picture of Steve Jobs (left) with Bill Gates and the Wiki bio of Jobs including four interesting excerpts from the bio:

Steve Jobs was given up for adoption:
Steve Jobs was born in San Francisco[1] to American Joanne Carole Schieble and Syrian Abdulfattah John Jandali, a graduate student who later became a political science professor.[9] One week after birth, Jobs was put up for adoption by his unmarried mother, who was also in graduate school. He was adopted by Paul and Clara (née Hagopian) Jobs of Mountain View, Santa Clara County, California.[10] They gave him the name Steven Paul Jobs. His biological parents later married and gave birth to Jobs' sister, the novelist Mona Simpson, whom Jobs did not meet until they were adults. The marriage of his biological parents ended in divorce years later. Jobs dislikes hearing the "adoptive parents" appellation applied to Paul and Clara Jobs and refers to them as his only parents.

Jobs works at Apple for an annual salary of US$1:
[3] and this earned him a listing in Guinness World Records as the "Lowest Paid Chief Executive Officer." As such, Jobs is well compensated for his efforts at Apple despite the nominal one-dollar salary. This approach reduces his personal tax liability because, under current U.S. tax law, salary income is taxed at a significantly higher rate (currently up to 35%) than the capital gains tax (currently a maximum of 15%) applied to profits arising from the sale of stock grants. Obtaining remuneration through stock instead of salary is a common extrinsic rewarding technique which ties management performance to financial benefits. Furthermore, it acts as a tax minimization strategy.

Steve Jobs is now Disney's largest shareholder:
In October 2005, Bob Iger replaced Eisner at Disney, and Iger quickly worked to patch up relations with Jobs and Pixar. On January 24, 2006, Jobs and Iger announced that Disney had agreed to purchase Pixar in an all-stock transaction worth $7.4 billion. Once the deal closed, Jobs became The Walt Disney Company's largest single shareholder with approximately 7% of the company's stock.[30] Jobs' holdings in Disney far exceeds those of Eisner, who holds 1.7%, and Disney family member Roy E. Disney, who holds about 1% of the company's stock and whose criticisms of Eisner included the soured Pixar relationship and accelerated his ousting. Jobs joined the company's board of directors upon completion of the merger.
Steve Jobs is the father of four children:
Jobs married Laurene Powell, nine years his junior, on March 18, 1991 and has had three children with her.[10] He also had a daughter named Lisa Brennan-Jobs with Chris-Ann Brennan, whom he did not marry. Lisa (born May 17, 1978) is a journalist who wrote for The Harvard Crimson.

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