Jobs takes home $1 in 2006

Apple CEO Steve Jobs, once again, took home $1 as salary in 2006 and received no bonus, while Apple's chief financial officer took home millions, according to new SEC filings by Apple. The bulk of the Cupertino-based company's CEO compensation is from a 2003 equity stock grant that fully vested in 2006 and is worth nearly $1 billion. Apple CFO Peter Oppenheimer earned $56 million from the exercise of options during 2006 and also received a $615,000 salary along with a $450,000 bonus and restricted stock valued at $14 million. Apple's Chief Operating Officer Timothy D. Cook received restricted stock valued at $22 million, a salary of $697,000 and a $525,000 bonus for 2006, the filings reveal. Filings reveal that Apple received six shareholder proposals, including a proposal to urge Apple's board to adopt a policy allowing shareholders to vote annually on executive compensation. Apple's shareholder meeting is scheduled for May 10.

by MacNN Staff