Apple gave Steve Jobs a Gulfstream V jet two years ago, and the airplane still costs the company money. John Fortt of the Mercury News reports that Apple’s most recent quarterly financial statement shows charges related to the jet in the vicinity of US$84,000 — on top of another $1.16 million for use of the Gulfstream for Apple-related business since Jobs took ownership of it in 2001.
| <?php virtual(“/includes/boxad.inc”); ?> |
Jobs draws only a token salary from Apple ($1 annually), but the company gave the jet to Jobs along with substantial stock options. Apple reportedly spent about $90 million all told on the jet, its delivery and associated taxes.
In other Form 10-Q related news, Apple noted that it laid off about 260 workers worldwide as part of a $24 million restructuring effort, but the company continues to hire new engineers. Apple’s financial outlook for the current quarter remains the same — the company expects operating expenses to decline, with net sales and gross margin to remain flat.