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AAPL Stock: 497.67 ( 0 )

Jobs drops to No. 99 on executive pay survey

updated 04:20 am EDT, Tue May 31, 2005

Jobs drops to No. 99


Apple CEO Steve Jobs fell to No. 99 on The Los Angeles Times' executive pay survey, after being No. 1 on the list last year. after his compensation plunged from $74.8 million to just $1, according to the report. "But according to federal filings, Jobs still owns 10 million shares of the Cupertino, Calif., computer and gadget maker — worth about $406 million at Friday's market close.... Despite Apple's banner year in 2004 — when its share price more than tripled — Jobs did not get any additional stock grants.... The 2003 grant was the first for Jobs in five years." Yahoo! CEO Terry Semel topped the list with a $145 million compensation package.


by MacNN Staff

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  1. herve5

    Fresh-Faced Recruit

    Joined: May 2005

    0
    05/31, 05:49am | report spam | Reply |

    time changes...

    "the Cupertino, Calif., computer and gadget maker" So, one has to get used to this new way of calling Apple

    *gadget maker*

    :-)

  1. Zaren

    Fresh-Faced Recruit

    Joined: Aug 2001

    0
    05/31, 08:04am | report spam | Reply |

    Better than

    "beleagured" any day, I say... :)

  1. I Have Questions

    Dedicated MacNNer

    Joined: Oct 2001

    0
    05/31, 10:33am | report spam | Reply |

    99th place?

    Who made less than $1? Poor shmuck.

  1. testudo

    Fresh-Faced Recruit

    Joined: Aug 2001

    0
    05/31, 11:51am | report spam | Reply |

    406m! That's right folks

    Yep, when they publish these numbers when he gets the options, they make sure everyone knows he got 70 million in salary. When he only gets the $1, they still need to bring up the previous years grants as well, just to make sure you know he made money. How come they're not saying how much all these guys have in the bank earning interest? Or invested in other companies. You know, something like "Jobs, who made $70 million last year, is also earning 4.65% annually on that money from various CDs and money market accounts. Finally, he netted $65 on a stock deal, selling 100 shares of Pepsi stock for a 75 cent gain. "

  1. bigpoppa206

    Fresh-Faced Recruit

    Joined: Jun 2003

    0
    05/31, 10:13pm | report spam | Reply |

    ????

    he did it all for the noo..., oh wait that was Fred Durst.

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