Subscribe to this page now.

Apple now requires executives to hold 3x salary in stock [U]

02/28, 6:45pm

Change may have come from persuasion by Calpers

[Updated with details, stock grants for BoD] Despite recommending (and obtaining) a "no" vote on a similar measure, Apple has updated its bylaws and now requires executive officers to hold at least three times their annual salary in AAPL stock, reports the Wall Street Journal. The rule adopted by Apple has significant differences from the proposal put forth at Apple's annual shareholder meeting, but embraces the same principle -- that executives (and in this case non-executive directors as well) need to be personally invested in the companies they manage.

more

Apple execs net total of $26.6m for 2007

01/23, 11:30pm

Apple execs salary in 2007

Apple's executive officers have taken home a considerable sum during 2007, with salaries ranging from $500,000 to $700,000, and stock option grants equaling that of the individualís base salary. Despite his infamous $1 yearly salary, CEO Steve Jobs still holds the majority of company stock with 5.5 million shares, 5 million of which was a gift from the company in March 2003. Jobs also received a $43.5 million Gulfstream V jet as a bonus for outstanding performance from 1997 to 1999.

more

Electronista Sponsor

Electronista Newsletter

Free Technology and Gadgets Newsletter

  • We will not share your email address with anyone.

    toggle

    Most Popular

    Sponsor

    Recent Reviews

    Crucial MX100 256GB SATA-3 SSD

    While the price-per-gigabyte ratio for magnetic platter-based hard drives can't be beat, the speed that a SSD brings to the table for ...

    Narrative Clip

    With the advent of social media technology, people have been searching for new ways to share the events of their daily lives -- be it ...

    Blue's Mikey Digital

    Blue Microphones, a company that makes some of the most popular digital USB microphones among podcasters and musicians, has for some t ...

    Sponsor

    toggle

    Most Commented

     
    toggle

    Popular News