micron

Micron CEO slashes pay to $8.6 million

Jordan Golson · 11/06/07 08:47PM

Micron, a memory-chip manufacturer, had a bad year. The company lost millions of dollars and laid off over 1,000 employees. Because of this, CEO Steve Appleton turned down his yearly bonus. Extraordinary? Perhaps. We suspect he'll do alright. He made $8.6 million from his base pay, stock awards and retirement package. That would be plenty of money to live comfortably in Silicon Valley — and it's a fortune in Idaho, where Micron is headquartered.