United States Steel Corporation Executive Officer Base Salary Approval (2008)
United States Steel Corporation's Compensation & Organization Committee approved the annual base salaries for its named executive officers, effective May 1, 2008. The agreement lists the specific salaries for five executives and outlines additional benefits, including limited personal use of corporate resources, club memberships, financial planning services, and parking. This document formalizes the compensation terms for these top executives as required by regulatory disclosure rules.
EXHIBIT 10.1
BASE SALARIES OF NAMED EXECUTIVE OFFICERS
On April 28, 2008, the Compensation & Organization Committee of the Board of Directors approved annual base salaries for United States Steel Corporation named executive officers (as defined in Item 402(a)(3) of Regulation S-K). The base salaries as of May 1, 2008 are as follows:
| J. P. Surma | $ | 1,260,000 | |
| J. H. Goodish | $ | 750,000 | |
| G. R. Haggerty | $ | 585,000 | |
| D. H. Lohr | $ | 465,000 | |
| T. W. Sterling | $ | 465,000 |
The named executive officers listed above are also provided the following perquisites: limited personal use of corporate aircraft, corporate automobiles, corporate properties and sports and cultural tickets; dining privileges; club memberships; financial planning and tax preparation services; and a parking space.
