Steve Jobs, the legendary founder of Apple, was known for his innovative mind and unique approach to business. While many anecdotes have surfaced about his daily life and habits, one lesser-known story sheds light on his clever tactics when it came to paying for lunch at the company cafeteria.
According to an article by Scott Forstall for Wired, Jobs had a habit of inviting colleagues to lunch and insisting on paying for their meals. However, it wasn’t out of generosity, but rather a smart strategy. Jobs revealed to Forstall that each swipe of his employee card to pay for lunch deducted the cost from his meager $1 a year salary. In essence, he was getting free meals by using the company’s payroll system to cover his expenses.
This anecdote showcases Jobs’ playful yet shrewd character, highlighting his unconventional approach to leadership and finances. Jobs and Forstall shared a close bond during their time at Apple, with many even considering Forstall as a potential successor to Jobs. However, Forstall was eventually let go from the company due to the Apple Maps fiasco.
The $1 salary that Jobs famously earned was a symbolic gesture, signaling his commitment to Apple’s success over personal financial gain. When he returned to Apple in 1997, the company was on the brink of bankruptcy, and Jobs opted to forgo a traditional CEO salary to demonstrate his dedication to turning the company around.
Despite his nominal salary, Jobs’ shares in Apple skyrocketed, making him a multi-billionaire and solidifying his legacy as one of the greatest visionaries in technology. His unconventional approach to compensation and leadership continues to inspire entrepreneurs and innovators around the world.
In conclusion, Steve Jobs’ clever strategy for free lunches and his symbolic $1 salary offer unique insights into his character and business acumen. These anecdotes serve as a reminder of his ingenuity and dedication to Apple’s success, making him a true icon in the tech industry.
