Apple’s Jobs stays with $1 salary
Chief executive officer Jobs required his customary $1 salary in Apple’s 2010 fiscal year, which ended Sept. 25, based on documents filed using the U.S. Investments and Exchange Commission.
Throughout the fiscal year, Jobs received no new stock or option honours. He holds about 5.5 million shares of Apple’s stock and it has never offered a share since rejoining Apple in 1997. “The Company thinks Mr. Jobs’s degree of stock possession considerably aligns his interests with shareholders’ interests his total compensation includes a earnings of $1 each year,Inches Apple stated in the proxy statement.
Observe how much tech CEOs made this past year
Tim Prepare, Apple’s COO who completed during Job’s 2009 medical leave of absence, required home a great deal more. His total compensation in 2010 comes down to $59.a million. It offers his $800,016 salary, that is virtually unchanged from 2009 a 1-time $5 million cash bonus along with a $900,000 performance-based cash bonus.
The majority of Cook’s pay package came by means of stock honours, that have been worth $52.3 million at that time these were granted.
Prepare also received $58,306 in perks along with other compensation. His perks include company contributions to his 401(k) plan ($14,700), company-compensated term existence insurance costs ($3,605), along with a payment of $40,001 to spend built up and unused vacation. (See also: CEOs still getting big perks despite pay backlash)
“Mr. Cook’s compensation is placed in a greater level compared to other named executive officials to mirror his additional duties as Chief Operating Officer. Additionally, his 2010 compensation incorporated a optional bonus and special RSU award in recognition of his outstanding performance during Mr. Jobs’s medical leave of absence in ’09,Inches the organization authored in the proxy statement.
The organization, meanwhile, increased its revenue and profits with a whopping 52% and 70%, correspondingly, this year. Revenue arrived at $65.2 billion, up from $42.9 billion in ’09. Net gain hit $14 billion, up from $8.2 billion in ’09.
Total purchase Jobs and Prepare is calculated using data provided inside a proxy statement filed using the SEC on Jan. 7.