Apple Chief Executive Steve Jobs continued his tradition of taking home only $1 in salary in 2007, when he also gained $14.6 million on paper by...

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SAN FRANCISCO — Apple Chief Executive Steve Jobs continued his tradition of taking home only $1 in salary in 2007, when he also gained $14.6 million on paper by exercising stock options that were about to expire, according to a filing with the Securities and Exchange Commission.

Jobs has taken a $1 annual salary since returning to the company in 1997 and has hoarded his shares of Apple stock since then, accumulating about 5.5 million, according to Apple’s proxy report filed Wednesday. Jobs’ shares are estimated to be around $730 million.

The value of Jobs’ stock has taken a beating recently, as Apple shares have plunged almost 11 percent, since releasing a disappointing second-quarter forecast Tuesday.