January 23, 2008 – Apple’s scheduled 14A, filed with the Securities and Exchange commission Wednesday, details the compensation Apple’s executives received in 2007.
Apple CEO Steve Jobs
- holds about 5.5 million shares of AAPL (fully vested), he has never sold a share since rejoining Apple in 1997
- in 2007 he received a $1 salary, as he has every year since returning; he received no stock options in 2007, although the Company is considering another executive bonus
- in 1999 Apple awarded Jobs a Gulfstream V jet as an executive bonus
COO Tim Cook
- was paid $700,014 in salary
- earned a $700,000 bonus as part of Apple’s incentive plan compensation
- received $6.943 million in stock awards
- with other compensation (a $13,750 401K contribution and $250 iPhone credit), Cook earned $8,357,190 in 2007
CFO Peter Oppenheimer
- was paid $600,012 in salary
- earned a $600,000 bonus
- received $4.946 million in stock awards
- with other compensation (a $13,750 401K contribution, $250 iPhone credit, and $584,973 reimbursement for tax liabitity), Opppenheimer earned $6,745,345 in 2007
Sr. VP (Retail) Ron Johnson
- was paid $600,012 in salary
- earned a $600,000 bonus
- received $4.946 million in stock awards
- with other compensation ($379 iPhone credit), Johnson earned $6,147,001 in 2007
Sr. VP (iPod) Tony Fadell
- was paid $500,009 in salary
- earned a $500,000 bonus
- received $3.706 million in stock awards
- with other compensation ($6,750 in patent bonus, $13,500 in 401K, $379 iPhone credit, $73 iPod credit), Fadell earned $5,355,171 in 2007
Apple’s 2008 annual meeting of shareholders will be held March 4, 2008 at 10:00 a.m. at Apple’s headquarters in Cupertino, CA.
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