How does Steve Jobs live on $1 a year when he doesn't sell any Apple shares and why Tim Cook is walking home with $59 million.

It was revealed last week from Apple's 2011 Proxy Statement that Steve Jobs the iconic CEO of Apple took home his usual 1 buck a year salary and that Tim Cook was awarded a total of $59 million in salary and bonuses.

Steve Jobs' Jet N2N (Photo Coolspotters)

Steve Jobs got no bonuses and basically his only perk was expenses for his Gulstream jet which came up to $248,000. He was awarded the jet in 1999. Steve Jobs has a $1 a year salary since his return to Apple in 1997. He has not been awarded any new shares since 2003. He owns about 5.5 million in Apple shares now which is valued around $2 billion. He has not sold any Apple shares since his return except some for tax purposes. 


So what does Steve Jobs live on?

More bad news about RIM's Playbook battery?

There has been a bit of a back and forth between Kaufman Brother's analyst Shaw Wu and Research in Motion about RIM's upcoming tablet the Playbook. Earlier Wu had indicated that he believed that there were problems about the battery life of the Playbook saying that it might be inferior to Samsung Tab's 6 hours or the iPad's long 10 hours which netted a quick reply from RIM co-CEO Jim Basille who said that "RIM is on track with its schedule to optimize the BlackBerry PlayBook’s battery life and looks forward to providing customers with a professional grade tablet that offers superior performance with comparable battery life" (Read more on this at CultofMac). Basille indicated that any conclusions drawn by analysts were inaccurate as they were based on early prototypes without optimized power management. 


According to AppleInsider Shaw Wu issued another note to investors this week that re-emphasized the Playbooks battery problems.