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AAPL » Topics » 2. Base Salary Changes

This excerpt taken from the AAPL DEF 14A filed Jan 7, 2009.

2. Base Salary Changes

Mr. Mansfield received a base salary increase from $450,000 to $500,000 in connection with the Company’s annual review process in December 2007. This increase was based on Mr. Mansfield’s performance and contributions in fiscal 2007 as determined by management. Mr. Mansfield received this increase prior to the time he became a member of the executive team. Based on a review of competitive practices and the Compensation Committee’s approach to place less emphasis on cash compensation, the Compensation Committee concluded that the total compensation for the other named executive officers was appropriate for fiscal 2008 without increases in salaries.

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