Apple Inc. Chief Executive Steve Jobs received a salary of $1 last year, according to documents filed Monday with the Securities and Exchange Commission and various published reports.
Shares of Apple have soared in the past year as the Macintosh maker not only grew its computer sales but also tapped a rich vein of revenue with its iPod portable music players. Its market capitalization has grown to more than $78 billion, and industry analysts expect Apple's fortunes will only swell with the iPhone, a smart phone-iPod combination scheduled to go on sale in June.
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