Jobs asks to be excluded from Disney board pay
Reuters 6/30/06

Jobs asks to be excluded from Disney board pay

LOS ANGELES, June 30 (Reuters) - The Walt Disney Co. board of directors has modified its compensation policy to exclude director Steve Jobs from receiving compensation for serving on the board, Disney said in a securities filing on Friday.

The board said it approved the change on Wednesday at Jobs' request. Jobs, who is chief executive of Apple Computer Inc., joined the Disney board in May, after trading his majority stake in Pixar Animation Studios Inc. for Disney stock.

Jobs, as chief executive of Apple, maker of the Macintosh computer and the iPod digital music player, has for years taken an annual salary of $1.
Jobs asks to be excluded from Disney board pay