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Shareholders take charge of pay
One of the more interesting outcomes of the Apple shareholder meeting today was a new clause in executive pay.
The shareholders decided that they would now have a say in what executives will make. The proposal stems not from any sort of suspicion about overpaying the highers-up, but from the stock options scandals. Investors remain a bit jittery about executive compensation, so they added this new rule.
Don't expect this to have much impact on Mr Jobs, however. Due to his mega-money stock options in the company, Saint Steve requires just $1 a year in salary.
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