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$9.3m In Salary, Severance For Amelio

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Apple Computer Inc., which lost more than $900 million during Gilbert Amelios tenure, paid its former chairman $9.3 million in salary and severance after he was ousted in July, company documents show. Amelio, who led the struggling computer maker from February 1996 until July, received $6.75 million as part of his severance package, according to a proxy statement filed with the Securities and Exchange Commission on Friday. Apple also paid Amelio $997,617 in salary, a $1 million bonus as part of his 1997 compensation package and $509,350 in stock.

 

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First Published: Dec 10 1997 | 12:00 AM IST

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