Apple CEO Steve Jobs received his usual $1.00 salary and no bonus for 2006, despite Apple’s bumper year – the best on record, MarketWatch reports.
The information was revealed in Friday’s 10-Q filing with the SEC, in which Apple also took a non-cash charge of over $80 million, following its internal investigation into stock option grant misdemeanours.
As MarketWatch notes, Jobs was originally awarded stock options in 2003, which were then cancelled. He was subsequently ‘gifted’ 10 million split-adjusted shares by Apple. Jobs has not sold the shares.
Other Apple execs have been remunerated handsomely. More …