Apple CEO again takes $1 salary | iLounge News

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Apple CEO again takes $1 salary

Apple CEO Steve Jobs again took a salary of only $1 in 2006, according to an Apple filing with the Securities and Exchange Commission. “The majority of Jobs’ compensation is paid through an equity grant, though he received no new grant in 2006,” reports CNN/Money. “During the year, a 2003 stock grant fully vested, giving him Apple stock now worth nearly $1 billion.”

Other Apple executives also fared well. Apple Chief Financial Officer Peter Oppenheimer realized $56 million in value from stock options during 2006, in addition to a $615,000 salary, a $450,000 bonus and restricted stock valued at $14 million. Apple Chief Operating Officer Tim Cook received a salary of $697,000, a $525,000 bonus, and restricted stock valued at $22 million in 2006.

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Comments

1

Good for Steve. It’s always assumed that Steve loves what he does, and because of this, money doesn’t matter.

Posted by hoshieBIOTpod on April 17, 2007 at 4:18 PM (CDT)

2

Yeah….I’m sure the $1 billion in stock options has nothing to do with it…

Posted by Chris on April 17, 2007 at 9:03 PM (CDT)

3

The YouTube CEO received a $1 salary as well, but then there is those extra perks. BUT, they were no where close to what Jobs got.

Posted by Sanjaya on April 22, 2007 at 1:08 PM (CDT)

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