Jobs: Still just a buck...
January 23rd 2008
Reuters reports that, although several senior executives took home 2007 cash bonuses that doubled their salaries, Steve Jobs maintained his annual pay of just $1 and took no additional compensation.
"In fiscal year 2007, Mr Jobs's entire compensation consisted of his $1 annual salary," Apple said in a filing with the US Securities and Exchange Commission. "Because Mr Jobs's continued leadership is critical to the company, the Compensation Committee is considering additional compensation arrangements for him."
Jobs, whose annual base salary has been $1 since 1997, currently holds about 5.5 million shares of Apple common stock.
Yesterday, Apple has announced record revenues of $9.6 billion and a record of $1.58 billion.
Editor's note: Isn't part of Steve's compensation use of his jet? I know he owns it, but doesn't Apple pay the expenses?
