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Jobs jumps to No. 18 in Forbes\' CEO rankings

updated 12:35 pm EDT, Fri April 22, 2005

Forbes\' CEO rankings

Steve Jobs jumped to No. 18 from No. 81 on Forbes' list of "." In the magazine's survey of compensation of the CEOs of the 500 large U.S. companies, it analyzed the performance versus pay of the 189 bosses who have been in power at least six years: "in essence, we looked at six years of stock performance and juxtaposed that against six years of executive compensation--including bonuses, perks and stock options. These efforts gave us a measure of which chief executives delivered the best return to shareholders relative to their total compensation. ....In one year Apple's earnings rose 295%. More importantly, Apple shareholders were rewarded with a six-year annualized total return of 29%, compared to -1% for the S&P 500. Over the past six years, Jobs has been paid an average of $14.6 million per year in total compensation."




by MacNN Staff

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Comments

  1. chas_m

    Moderator

    Joined: Dec 1969

    0

    Worth every penny!

    I am *not* a fan of ridiculously-high executive compensation, but the data in this article makes it plain: Steve is worth every cent, and actually earns that level of compensation. The value he's restored to this company is almost incalcuable. We (both customers and stockholders) are really getting our money's worth out of the guy.

    Would that other CEOs would "earn it" like he has.

  1. Sosa

    Joined: Dec 1969

    0

    Agreed

    No normal person can appreciate the often ridiculous compensation rates for executives, especially when the business is doing badly. However, it seems that Steve Jobs has turned Apple Computer around, and that he may be the primary cause for its success. Its hard to argue that he doesn't deserve a significant portion of the credit, both financial and otherwise.

  1. Zorak

    Joined: Dec 1969

    0

    Dyslexia

    Who's to say they didn't just s****-up the 81 18 thing?

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