Apple Computer Corp. paid chief executive Steve Jobs $1 in salary and no bonus
in 2003, Reuters reports.
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.
article, via CNN.com