Plenty of people are tut-tutting today about the lavish “transition agreement” outgoing iPod guru Tony Fadell signed in order to spend more time with his young family and act as special adviser to Steve Jobs during the coming year. And surely $300K per year in salary, with stock options worth upwards of $8 million makes the worst economic downturn in 50 years seem like something a 39 year-old guy might survive.
But reports filed with the SEC indicate Apple reimburses Steve Jobs for expenses traveling on the company’s private Gulfstream jet to the tune of 2/3 Fadell’s annual package per quarter, and even that number is well down from the amount the company was spending on the corporate jet just one year ago.
Puts the whole financial crisis thing in perspective, doesn’t it?
Lonnie Lazar is a writer-musician-web designer-attorney. He writes about Apple for Cult of Mac and Mac|Life, and about VoIP and telecommunications for Voxilla. Follow Lonnie on Twitter @LonnieLazar, join the Cult of Mac on Facebook, and find Lonnie’s photos on Flickr.
