Micron Technology (NYSE:MU) chief executive Steven Appleton received $8.6 million in fiscal 2007, according to a proxy statement filed today. Appleton took hom $948,169 in base salary and restricted stock worth $7.6 million on the days that they were awarded. The executive also took home $63,157 in other compensation including 401k contributions and payment for unused time off. Is this pay justified? Well, last month the company reported a fiscal and full year loss after a profitable 2006. The company posted a loss of $320 million down from a profit of $408 million last year. Apparently not.