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Posted on ZDNet News: Jan 23, 2008 6:37:00 AM

Reuters Logo Several senior executives at Apple took home 2007 cash bonuses that doubled their salaries, but Chief Executive Steve Jobs maintained his annual pay of $1 and took no additional compensation, the company said Wednesday.

"In fiscal year 2007, Mr. Jobs' entire compensation consisted of his $1 annual salary," Apple said in a filing with the U.S. Securities and Exchange Commission. "Because Mr. Jobs' continued leadership is critical to the company, the Compensation Committee is considering additional compensation arrangements for him," the maker of the iPod said.

The compensation news comes one day after Apple forecast a quarterly profit below analysts' expectations and posted disappointing holiday season iPod shipments, sending its shares down 11 percent in after-hours trading on Tuesday.

For 2007, salaries for Chief Operating Officer Timothy Cook and Chief Financial Officer Peter Oppenheimer were unchanged from the year before, at about $700,000 and $600,000, respectively, but both got bonuses equal to their pay.

Apple's compensation committee did not grant new equity awards or increase base salaries for the executives.

Jobs, whose annual base salary has been $1 since 1997, currently holds about 5.5 million shares of Apple common stock.

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Story Copyright © 2008 Reuters Limited. All rights reserved.

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  • Talkback
  • Most Recent of 17 Talkback(s)
Let's dump tons of cash on him
he's earned it. Then will see it back in taxes. (Read the rest)
Posted by: Boot_Agnostic Posted on: 01/30/08 You are currently: a Guest | | Terms of Use
Apple senior executives get bonuses, Jobs still at $1  Loverock Davidson | 01/23/08
The Rich Focus on building Net Worth!  DGV_Canada | 01/23/08
Yes but...  Loverock Davidson | 01/23/08
At least give him an iPhone  Boot_Agnostic | 01/23/08
Impressive  AtomicFusion | 01/23/08
Yeah, POOR Jobs ...  Henaway | 01/23/08
He's doing the right thing.  dave.combs@... | 01/23/08
RE: Apple senior executives get bonuses, Jobs still at $1  dagnome | 01/23/08
RE: Apple senior executives get bonuses  silverfox.Productions@... | 01/23/08
And when Jobs leaves Apple  top100developers | 01/23/08
That'll teach 'em to underperform!  conspicuouschick | 01/23/08
Apple just had its best year ever  MacGeek2121 | 01/23/08
Hmmm....  wildharemotorsports01@... | 01/23/08
Poor poor Steve-o  Crestview | 01/23/08
These pay scales are MUCH LOWER (better) than for most big CEOs...  Jeff Hayes | 01/23/08
It's nice to see  frgough | 01/24/08
Let's dump tons of cash on him  Boot_Agnostic | 01/30/08

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