Creative accounting

Extracted from Wiki on Steve Jobs.
"Jobs worked at Apple for several years with an annual salary of US$1, and this earned him a listing in Guinness World Records as the "Lowest Paid Chief Executive Officer". At the 2000 keynote speech of Macworld Expo in San Francisco, the company dropped the "interim" from his title, making him permanent CEO of Apple. His current salary at Apple officially remains US$1 per year, although he has traditionally been the recipient of a number of lucrative "executive gifts" from the board, including a US$46 million jet in 1999 and just under 30 million shares of restricted stock in 2000-2002. As such, Jobs is well compensated for his efforts at Apple despite the nominal one-dollar salary. This approach reduces his personal tax liability because, under current U.S. tax law, salary income is taxed at a significantly higher rate (currently up to 35%) than the capital gains tax (currently a maximum of 15%) applied to profits arising from the sale of stock grants. Obtaining remuneration through stock instead of salary is a common tax minimization strategy for many upper-echelon U.S. executives."