Apple Computer Corp. paid chief executive Steve Jobs $1 in salary and no bonus
in 2003, Reuters reports.
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FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with
customized information for your industry, location, and job.
Get Your Report Now!The information was included in the companies filing with the Securities and
Exchange Commission. Jobs has received a $1 salary since 1998, a year after
returning to the company he helped found.
The company did grant Jobs $74.75 million in restricted stock in exchange for
the cancellation of his 27.5 million stock options, according to Reuters.
Reuters notes that while Jobs's salary has remained at only $1, other perks
given to Jobs since his return, such as a $90 million airplane and stock options,
have made the chief executive a target of criticism.
Jobs received no stock options in 2003.
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Reuters
article, via CNN.com