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Steve Jobs ranks No. 1 in CEO compensation

updated 07:25 am EDT, Sun June 6, 2004

Jobs receives $75M in 2003

Steve Jobs 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]




by MacNN Staff

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  1. JamesKass

    Joined: Dec 1969

    0

    Registered Users Only

    Hey MacNN!, Ya got another link that doesn't require me to give my name/email/blood type/first born in order to read the article?

  1. LouZer

    Joined: Dec 1969

    0

    In a Couple of years

    I wonder when these stocks are open to be sold and Jobs sells them, will that count against him as well?

    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.

  1. salmonstk

    Joined: Dec 1969

    0

    So sick of this

    I am so sick of this story. Every year they rehash it. At least would some one point out that in other years he has not been paid at all (except for the Jet year) Its still a lot of money, but these strories always give the impression he gets this stuff every year...

  1. LordJohnWhorfin

    Joined: Dec 1969

    0

    What a hypocrit.

    Jobs is so good at PR and spin. Always posing as the hero getting paid $1 for his superhuman performance. I think it's good to expose the truth, and show him for the money grubbing vulture that he is.
    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 d*** 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.

  1. hodelas

    Joined: Dec 1969

    0

    CEO compensation

    Ok, I have to admit that I tend to vote Republican, but does it strike anyone else as inappropriate for a CEO to be given more than 1000 times the pay of a typical employee? Certainly, there ought to be benefits to moving up the ladder, but sheesh! [No, this is not aimed at Steve Jobs in particular; there's a couple of other people vying for "richest man in the world" who I really had in mind.]

    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.

  1. Peter

    Joined: Dec 1969

    0

    sdasd

    adsd

  1. salmonstk

    Joined: Dec 1969

    0

    Side comment for 1st post

    Give me a break man, every person with a brain should be registered for news with the NYT, Washington Post, and LATimes

  1. stryfe

    Joined: Dec 1969

    0

    Gee...

    CEO of two companies makes more then CEO of one. Gee, who knows?

    /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.

  1. jwhittaker

    Joined: Dec 1969

    0

    Stop complaining...

    Anyone that starts a company and puts the sweat in deserves everything they get no mater how much or little it is. If you have a dream of doing something, just do it, don't complain about others. If it were not for the apple team and the vision of Steve and co. We would probably be using DOS.. The future is what you make of it, if you complain about this stuff now, you complain about they stuff last year, you will complain about everything. Make the most out of each day, because in the end, we all end up in the ground. How you live your - IE 19** - 2*** is up to you. Listening to the complaining... is up to your wife or loved ones....
    J Whittaker - Helping people realize thier potentional, providing them with options to achieve everything they strive for in life.... Jwhittaker@mac.com

  1. luxuryluke

    Joined: Dec 1969

    0

    I hope that wasn't an ad

    I hope that wasn't a shameless ad, j, i mean if you're 'helping' people, good on ya, but leave the dross out of comments about computing, fergawdsakes.

    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.

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