Wednesday, January 23,2008 @ 11:30pm
Apple execs net total of $26.6m for 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.