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Apple execs net total of $26.6m for 2007

updated 11:30 pm EST, Wed January 23, 2008

Apple execs salary in 2007

Apple's executive officers have taken home a considerable sum during 2007, with salaries ranging from $500,000 to $700,000, and stock option grants equaling that of the individual's base salary. Despite his infamous $1 yearly salary, CEO Steve Jobs still holds the majority of company stock with 5.5 million shares, 5 million of which was a gift from the company in March 2003. Jobs also received a $43.5 million Gulfstream V jet as a bonus for outstanding performance from 1997 to 1999.

Apple did not issue any other payments to Jobs during the year other than his salary, but the Compensation Committee is considering a supplementary reward due to his leadership.

Since the re-birth of his career at Apple, Steve Jobs has never once sold shares of the company.

All told, Apple's executive team - COO Timothy Cook, VP and CFO Peter Oppenheimer, Senior VP of Retail Ronald Johnson, and Senior VP of iPod Division Tony Fadell - received compensation which ranged from $5.3 million to $8.3 million, considering all stock awards, gifts, and non-equity incentives.




by MacNN Staff

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  1. rtbarry

    Joined: Dec 1969

    0

    all things considered...

    ...those compensations are relatively low compared to many execs.

    consider all the CEOs who've lead huge corporations to doom, or at least mediocrity, and still taken ginormous contractual payouts. sickening.

  1. Tanker10a

    Joined: Dec 1969

    0

    all things considered...

    Yeah these Millions are for Execs ONLY! The folks that are doing all the selling of these products are not included. Those at the Retail Store are paid the rate of Retail Sales Clerk work at hourly rates and paid barely at their respective state minimum wages . They are not included in these Millions!

  1. rtbarry

    Joined: Dec 1969

    0

    which retail clerks...

    ...get paid millions. and where do i sign up?

    get real.

  1. Tanker10a

    Joined: Dec 1969

    0

    which retail clerks..

    That was not the point!

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