In spite of declining market value of Virgin Mobile USA by nearly $700 million, its CEO, Dan Schulman was paid $11.7 million in salaries and compensation in 2007.

Dan received a salary of $592,033 and  two bonuses of over $600,000 each and share options worth $9.5 million despite the declining performance in the stock exchanges.

The remuneration which he got in the year 2007 is equivalent to 10 percent of the company’s current market capilatisation. With a listing of per share price at $15, the current value has declined 87% to $2.10.