Base Salary Approval for Named Executive Officers of United States Steel Corporation (2007)
United States Steel Corporation's Compensation & Organization Committee approved new annual base salaries for its named executive officers, effective May 1, 2007. The officers listed are J. P. Surma, J. H. Goodish, G. R. Haggerty, and D. H. Lohr. In addition to their salaries, these executives receive certain benefits such as personal use of corporate assets, club memberships, financial planning services, and parking. Mr. Lohr also receives additional allowances and reimbursements related to his foreign service.
Exhibit 10.1
BASE SALARIES OF NAMED EXECUTIVE OFFICERS
On April 23, 2007, the Compensation & Organization Committee of the Board of Directors approved the following annual base salaries for United States Steel Corporation named executive officers (as defined in Item 402(a)(3) of Regulation S-K and excepting D. D. Sandman, who retired effective February 28, 2007), such base salaries to become effective on May 1, 2007:
| J. P. Surma | $ | 1,135,008 | |
| J. H. Goodish | $ | 675,012 | |
| G. R. Haggerty | $ | 555,004 | |
| D. H. Lohr | $ | 425,012 |
The named executive officers listed above are also provided the following perquisites: occasional personal use of corporate aircraft, corporate automobiles, corporate properties and sports and cultural tickets; club memberships; financial planning and tax preparation services; and a parking space. Additionally, Mr. Lohr receives allowances, reimbursements and tax gross-ups in connection with his foreign service.
