Apple considering additional compensation arrangements for CEO Steve Jobs
TweetFollow Us on Twitter

Apple considering additional compensation arrangements for CEO Steve Jobs

Jobs currently holds approximately 5.5 million shares of the company’s common stock. Since rejoining Apple in 1997, he's never sold a share of Apple stock. His last equity grant was awarded in 2003, and vested in full in 2006. Jobs currently holds no unvested equity awards.

In fiscal year 2007, the CEO's entire compensation consisted of his $1 annual salary. Jobs has received a $1 annual salary since he rejoined Apple and began serving as interim CEO. In 1999, the company awarded him an aircraft as an executive bonus in recognition of his outstanding performance during the previous two years. Jobs also received two stock option grants, one in 2000 and another in 2001. However, he never exercised these grants, and they were both cancelled in March 2003, when the Company awarded Jobs a grant of five million shares of restricted stock.

The 2003 restricted stock grant required Jobs to remain employed by the company for three more years before it vested. This grant, which increased to 10 million shares when Apple’s stock split in 2005, vested in full in March 2006. After a portion of these shares was withheld for the payment of taxes, Jobs received the remaining 5,426,447 shares. Due in large part to Mr. Jobs’s leadership, the company’s stock price (after accounting for the stock split) increased from $7.47 on the March 2003 grant date to $64.66 on the March 2006 vesting date -- more than an eight-fold increase in three years.

Under Jobs’s continued leadership, Apple's stock price increased from $64.66 per share in March 2006 to $189.95 per share as of Oct. 31, 2007 -- a three-fold increase in approximately 18 months. When he was elected to the Board in 1997, Jobs received the standard director’s stock option grant for 30,000 shares. Because he became employed later that year as the company’s interim CEO, he was no longer eligible for such director grants. When the 1997 director grant (which increased to 120,000 shares after two stock splits) was due to expire in August 2007, Jobs exercised the option and he currently holds these 120,000 shares.

The “Macsimum MWSF 2007 Coupon Book” is available for download. You can find it [url=http://macosg.co.uk/MWSF_2008_Coupon_Book.PDF]here[/url] and print it as a PDF. It has discounts, special offers and promotions.

 
AAPL
$104.48
Apple Inc.
+1.49
GOOG
$542.21
Google Inc.
+9.50
MSFT
$44.81
Microsoft Corpora
+0.43
MacNews Search:
Community Search:

Latest Forum Discussions

See All
view counter

view counter
view counter
view counter
view counter
view counter
view counter

Build Your Own Fantasy Football Dynasty...
Build Your Own Fantasy Football Dynasty with Draft Day Posted by Jessica Fisher on October 23rd, 2014 [ permalink ] Universal App - Designed for iPhone and iPad | Read more »
Jam Messenger Review
Jam Messenger Review By Jennifer Allen on October 23rd, 2014 Our Rating: :: SIMPLE MESSAGINGiPhone App - Designed for the iPhone, compatible with the iPad Want a very quick way to send push-based messages? Jam Messenger is basic but speedy.   | Read more »
Felllice (Games)
Felllice 1.0 Device: iOS Universal Category: Games Price: $.99, Version: 1.0 (iTunes) Description: EXCLUSIVE PRICE DROP! 50% OFF FOR A LIMITED TIME!EAT EAT EAT AND GROW ! | Read more »
The Arrow Game: by Grazie Media (Games)
The Arrow Game: by Grazie Media 1.0 Device: iOS Universal Category: Games Price: $.99, Version: 1.0 (iTunes) Description: Guide a flying arrow through skyscrapers and city streets to hit a distant target.Experience an endless collection of procedurally-generated levels, which expand and change structure over time. | Read more »
Worldly (Games)
Worldly 1.2 Device: iOS Universal Category: Games Price: $2.99, Version: 1.2 (iTunes) Description: | Read more »
Money Pro - EASY! Bills, Budgets and Acc...
Money Pro - EASY! Bills, Budgets and Accounts w/ Sync 1.0 Device: iOS Universal Category: Finance Price: $4.99, Version: 1.0 (iTunes) Description: Manage money like a pro. Money Pro is the next generation of Money app (over 2 million downloads worldwide). | Read more »
Pro Strategy Football 2014 (Games)
Pro Strategy Football 2014 2014.141001 Device: iOS Universal Category: Games Price: $4.99, Version: 2014.141001 (iTunes) Description: Take the proven strategy of the PSF franchise and add in Casual Play, improved graphics and playability, and an upcoming Career Mode, and you have the premier American Football game on any platform! | Read more »
Super Glyph Quest (Games)
Super Glyph Quest 1.01 Device: iOS Universal Category: Games Price: $2.99, Version: 1.01 (iTunes) Description: Adventure is back Questers! Combine elemental glyphs together to cast powerful spells and vanquish adorable monsters in this match 3 inspired role playing puzzler.Sequel to the much loved Glyph Quest, Super Glyph Quest is... | Read more »
Fighting Fantasy: Caverns of the Snow Wi...
Fighting Fantasy: Caverns of the Snow Witch 1.0 Device: iOS Universal Category: Games Price: $5.99, Version: 1.0 (iTunes) Description: Travel to Northern Allansia’s perilous Icefinger Mountains to defeat the wicked Snow Witch in this Fighting Fantasy adventure! | Read more »
Star Warfare 2: Payback Review
Star Warfare 2: Payback Review By Blake Grundman on October 22nd, 2014 Our Rating: :: ONE-TRICK PONYUniversal App - Designed for iPhone and iPad Unfortunately, it doesn’t take long for Star Warfare 2’s free-firing fun to turn into repetitive monotony.   | Read more »
All contents are Copyright 1984-2010 by Xplain Corporation. All rights reserved. Theme designed by Icreon.