Jobs gets options, not salary

Apple Computer's (AAPL) interim chief executive Steve Jobs and his fellow board member Larry
Ellison each were granted 30,000 shares of Apple stock at an exercise price of $23 a share, the company's proxy said today.

That strike price gives them a slight gain over where Apple's shares have been trading. The computer maker closed at 26-11/16 today, down 7/16 over Friday.

Jobs drew no salary from Apple last year, though he still owns one share of stock in the company, the document shows. It also shows that Ellison was the only director who attended less than 75 percent of the meetings of all members of the board.

Apple's chief financial officer, Fred Anderson, received $811,548 in total
compensation, including salary, stock awards, options, and other
compensation. Some of the executives' options were repriced at $13.25 per
share, along with Apple employees.

Meanwhile ex CEO Gilbert Amelio
received millions of dollars, according to the proxy statement. Amelio earned $1.9 million in salary and bonuses, on top of $6.7 million in a lump-sum severance payment and $509,350 in stock awards.

Amelio left Apple in July of last year, and Jobs was named acting CEO in September. Amelio earned a partial payout under a performance share plan, and elected to receive payment in stock and cash. Upon his resignation, he forfeited 800,000 of the options granted to him previously. Additionally, the company's former executive vice president and chief information officer, Ellen Hancock, earned total compensation of $1.26 million.

Jobs received the options in his capacity as a director, pursuant to a plan
to grant directors stock options. The plans requires shareholder approval
at the company's annual stockholders meeting on April 22. Other directors
also received stock-option grants.

William Campbell and Jerome York, who joined the board along with Jobs and
Ellison, also received 30,000 shares in stock options. Existing board
members Gareth Chang and Edgar Woolard received 15,000 shares in options.

Under the director's stock option plan, non-employee directors are entitled
to receive an additional 10,000 vested stock options on the fourth
anniversary of their election to the board, and each year after that.
Executives previously were paid a retainer of $6,750 per quarter, $2,000
per board meeting attended, and $1,000 per committee meeting.

Jobs, Woolard, and Ellison stand for reelection at the stockholders
meeting. Shareholders also are being asked to approve an executive officer
stock plan for 1988 to "attract and retain" the best available personnel. It calls for
setting aside about 13 percent of Apple's shares for the plan.

A "nationwide search" for a new CEO still is underway, Apple's proxy said.