apple news/media reports
06/06/2004, 7:25am, EDT
Sunday, June 6th
Steve Jobs ranks No. 1 in CEO compensation
Steve Jobs ranked at the top of California's highest-paid chief executives, despite earning only $1 in salary per year, according to The Los Angeles Times: "This year it was stock grants that put Jobs on top in The Times' annual survey of executive compensation at California's 100 largest publicly traded companies. His earnings for 2003: $74.75 million, thanks to Apple's decision to give him 5 million restricted shares of stock. Jobs also earns $1 a week, or $52 a year, as CEO of Pixar [and did not] receive substantial stock options or perks at Pixar...[Apple] reimbursed Jobs $403,766 for business use of the jet in 2003 [while] Pixar reimbursed Jobs $89,000 for jet use in 2002." [registration required]
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Oh, and did they go back and change his compensation numbers for a couple of years ago when he got the original options which he traded for this $75 million.
He certainly deserves a lot of credit for bringing Apple back from quasi-death, but let's not forget that he hasn't had any success at increasing market share, a critical factor for Apple's long-term survival and profitability.
I'm not sure this is the kind of performance that commands the highest CEO compensation in the U.S...
The truth is there is this big dick contest between all these high-powered, high-tech CEOs (Ellison, Jobs, etc...) and they all have to have more than the next. Ellison got a Citation IV, Jobs had to have a Citation V. The big losers in this game are the shareholders and the employees. All these millions would have paid the salaries of quite a few employees who have been let go. Shame.
Ok, I guess I'm a heretic among my political and religious peers, but the American business model seems to be slash, burn, eject employees, accept large bailout package. Jobs is plainly not taking that approach, but it bugs me that so many do and still get rewarded for it.
Ok, enough off-topic ramblings. Back to the Mac.
/He certainly deserves a lot of credit for bringing Apple back from quasi-death, but let's not forget that he hasn't had any success at increasing market share, a critical factor for Apple's long-term survival and profitability./
Gee, if 8 years ago someone said "Apple has the same or lower market share it does now!", they'd assume it was dead. It's not.
Guess what? It's ok - we'll survive.
J Whittaker - Helping people realize thier potentional, providing them with options to achieve everything they strive for in life.... Jwhittaker@mac.com
I for one was not aware steve made that much. Does anyone know how much he makes with PIXAR? what about under the table from Goofy & Co.?
Either way, I still love the OSXperience. Anything to keep me from going XP, which is a sad attempt at mimicking OSX, imho.