Apple CEO Steve Jobs takes $1 salary in 2009

Steve Jobs was paid his customary $1 annual salary in 2009 by Apple, the makers of iPhone, iPod and Mac computers. But his stake in the company is valued at $1.10 billion

Apple Inc chief executive officer (CEO) Steve Jobs was paid his customary $1 annual salary in 2009, but Apple's strength through a rough economic climate returned the value of his personal holdings in the company to pre-meltdown levels.

Mr Jobs does not get a bonus or reimbursement for perks many other CEOs accept, such as personal security, according to a regulatory filing made yesterday. Apple said it reimbursed Jobs $4,000 for company travel on his $90-million Gulfstream V jet, which he received as a bonus in 1999.

That's far less than the $871,000 Apple reimbursed Mr Jobs in 2008. The CEO took nearly six months off in 2009 for medical leave, during which he received a liver transplant. He returned to work at the company's Cupertino, California, headquarters part-time at the end of June.

Mr Jobs, 54, holds 5.5 million shares of Apple's stock. He has not sold any shares since he rejoined the company in 1997, nor has he been awarded any new equity since 2003.

In 2008, the value of Jobs' stake in the company he founded, was cut in half as investors worried that Apple's pricey gadgets might not fare well through the US recession. But shares of the maker of iPods, iPhones and Mac computers gained about 42% during the 2009 fiscal year that ended in September and at the close of trading yesterday, when Apple's stock reached $202.10, Mr Jobs' holdings were worth about $1.10 billion.
 

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Asia-Pacific records highest volume of billion-dollar deals

India was one of the top 10 nations in terms of billion-dollar transactions, as it attracted deals amounting to over $7.40 billion

The Asia-Pacific region attracted as many as $89 billion-dollar deals—the highest total on record —worth over $292 billion so far this year, reports PTI.

"Asia-Pacific deals over $1 billion reached $292.10 billion via 89 deals in 2009, up 44% on 2008, making it the highest total on record," global deal tracking firm Dealogic said.

The Asia-Pacific region attracted nearly one-fifth of the entire pie of 'billion-dollar' deals across the world, so far this year, Dealogic said. "Asia-Pacific targeted deals accounted for almost 20% of global deals over $1 billion, up 9 percentage points on last year."

Inbound cross-regional deals, however, accounted for just 12% of total Asia-Pacific volume, down 4 percentage points compared to that in 2008, the report added.

Within the Asia-Pacific region, Australia was the most targeted nation as it attracted $128.20 billion through billion-dollar deals announced during the year.

The $58-billion merger of BHP Billiton and Rio Tinto iron ore assets was the major reason that propelled the Australia targeted deal volume to more than $128 billion, Dealogic said.

India was one of the top 10 nations in terms of billion-dollar transactions, as it attracted
billion-dollar deals amounting to over $7.40 billion.

Other than Australia and India, the top 10 targeted nations in terms of billion-dollar deals include Japan, China, Taiwan, South Korea, Singapore, Philippines, Indonesia and Hong Kong.

Of the top 10 nations, five witnessed a decline in deal volume on a year-on-year basis and four saw an increase despite recessionary fears, the report said.

Goldman Sachs was the top adviser on Asia-Pacific targeted deals over $1 billion, as it advised on 18 transactions worth $111.50 billion. The other top M&A advisers include Morgan Stanley and Macquarie.

"Morgan Stanley was the second with $93.60 billion through 19 deals, and Macquarie was in the third place with $83.70 billion by way of seven deals," Dealogic added.
 

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FII inflows touch a record Rs80,500 crore in 2009

The FII investment of Rs80,500 crore in 2009 is the highest-ever inflow into the country in rupee terms in a single year, and comes a year after these investors pulled out over Rs50,000 crore from India

After their flight last year, foreign institutional investors (FIIs) flocked back to bet on the India growth story by pouring in a record Rs80,500 crore into domestic equities in 2009, reports PTI.

The FII investment of Rs80,500 crore in 2009 is the highest-ever inflow into the country in rupee terms in a single year and comes a year after these investors pulled out over Rs50,000 crore from the country.

FII inflows so far this year have broken the previous high of Rs71,486 crore parked by foreign fund houses in domestic equities in 2007.

Market analysts believe that the FII inflow into India may continue in the next year as well, if the liquidity conditions remain strong.

"FIIs will continue to be positive on our markets and in general Indian markets will fare well in 2010," said PK Agarwal, director, Purpleline Investment Advisors.


Delhi-based SMC Capital's equity head Jagannadham Thunuguntla echoed the view, saying, "If liquidity conditions remain strong next year, one can expect FII inflows to remain strong into India even in 2010 as well."

During a year when the stock market barometer added over 70% to its valuation, foreign institutional investors (FIIs) made a net investment of a whopping Rs80,500 crore (about $16.80 billion) in the Indian share market.

The Bombay Stock Exchange's benchmark Sensex, comprising 30 blue-chip stocks, has gained more than 70% so far in 2009, one of the best performers among leading global bourses.

"However, if dollar-carry trade-unwinding starts, then one can expect a rush of FII outflows from the country, resulting in pressure on Indian markets," Mr Thunuguntla cautioned.
 

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