In Recognition of Your Outstanding Performance, We're Doubling Your Salary
Will Steve Jobs soon have to give up his Guinness World Record title for “Lowest Paid Chief Executive Officer”? Perhaps.
According to Apple’s latest 10-K filing, Jobs–who has earned an annual salary of $1 since he returned to the company a decade ago–may be up for a raise. “In fiscal 2007, Mr. Jobs’s entire compensation consisted of his $1 annual salary,” Apple said in its filing. “Because Mr. Jobs’s continued leadership is critical to Apple, the Compensation Committee is considering additional compensation arrangements for him.”
Just what those arrangements will be remains to be seen, of course. What do you get for the CEO who has everything–including a net worth of $5.7 billion?