updated 07:55 pm EST, Mon March 24, 2003
Apple's SEC filing today revealed that the company , despite the fact that the company fell short of targets it had established for such payments, according to c|net: "In a filing with the SEC on Monday, Apple said last year it awarded employees in its incentive bonus program a "special recognition bonus" amounting to between 3 percent and 5 percent of their base salary, despite the fact that the company failed to reach its stated objectives. The bonus plan applied to 230 executives at the director level or higher, but excluded the company's senior executive officers such as CEO Steve Jobs and his top deputies."
The article also notes that Jobs again earned a salary of $1 in 2002 with $2.2M in bonuses related to the jet that Apple purchased for him several years ago. Other executives, including Timothy Cook (VP Sales and Operations, $564K) and Avi Tevanian (VP Software Engineering, $492K) saw their pay increase slightly, while others such as CFO Fred Anderson ($655K) and Jon Rubinstein ($453K) saw their salaries decrease slightly.