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Steve Jobs the most underpaid Bay Area CEO in \'04

updated 03:55 pm EDT, Fri June 17, 2005

Jobs underpaid CEO

Apple CEO Steve Jobs was the Bay Area's , according to the San Francisco Business Times. In 2003, Jobs was one of the most overpaid, according to the report. This time, the most overpaid Bay Area CEO in 2004 was Howard Pien of Chiron Corp., followed by John Chen of Sybase. Business Times research compared CEO pay with company performance for the 100 largest publicly held companies in the region. Jobs took home $1 in total compensation from Apple for 2004. The previous year, he took home $74.8 million. Terry Semel, the CEO of Yahoo, was deemed fairly compensated despite compensation above $109 million. SFBT research showed he was the most underpaid CEO the previous year. The entire list of underpaid, fairly paid and overpaid CEOs at the Bay Area's top 100 public companies is in Friday's Business Times print edition. To view single-copy location sites, click here.




by MacNN Staff

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  1. testudo

    Joined: Dec 1969

    0

    That's nuts!

    They didn't count his plane. Or the company car/limo. Or the free coffee at the office. Or the company paid 'business' lunches. And what about the fact that he works with Phil Schiller. Some would say that alone is worth a couple of million dollars.

  1. Medazinol

    Joined: Dec 1969

    0

    Nuts is right

    Does anyone else feel sick at the thought of these CEOs getting OBSCENE amounts of money these days?

    Whatever happened to making a fair wage?? Corporate america is totally out of control paying regular workers just enough in most cases while the top brass gets away with millions each year.

    I struggle with my business partner to make our consulting firm successful and we manage to pay ourselves $35K a year each. What the h*** does anyone need to have $100,000,000 a year for anyway??

  1. darkelf

    Joined: Dec 1969

    0

    if i had a million dollrs

    i'd buy you a green dress. but not a real green dress, that's cruel.

  1. gudin

    Joined: Dec 1969

    0

    de plane, de plane

    Yes, they didn't count the plane. They did a couple years ago when he got the plane, and that year he was ridiculed as the most overpaid CEO. Where are those people now? These studies are mildly amusing, but hardly completely fair or logical.

    As far as why they are worth so much, that's a market thing. Is A-Rod worth 20 something million a year? He may be to the Yankees. Frankly, most workers are not worth as much to the company as the CEO. Probably 1/2000 as much is not a proper valuation, but the value is different. Personally, I think 100+ million for a guy not doing his company a lot of good is a bit silly, but that's what shareholders are for. They can toss him if they don't like him.

  1. Jonathan-Tanya

    Joined: Dec 1969

    0

    after taxes

    after taxes that's only 65 cents or so... that hardly seems fair, they should pay him $2 at least.

  1. eddd

    Joined: Dec 1969

    0

    yes

    Medazinol, I agree, I used to clear roughly 6 figures annually, but not any more. I'm now lucky to make half that. Times are changing, and there is unbelievable class separation. The disappearance of the middle class. And a record number of millionaires. This can't go on.

  1. sribe

    Joined: Dec 1969

    0

    Yeah, yeah, yeah...

    > The disappearance of the middle class. And a record number of millionaires.

    Uhm, where exactly do you think millionaires come from? Do you really think there's that many billionaires losing that much money? With such fuzzy reasoning displayed in the space of 2 short sentence fragments, I'm not surprised you can't make 6 figures in a normal economy.

  1. resuna

    Joined: Dec 1969

    0

    Middle millions

    "Uhm, where exactly do you think millionaires come from?"

    If there are no millionaires and 1000 members of the middle class in a community, and one becomes a millionaire, and the rest get laid off and get McJobs, that community now has a record number of millionaires AND the middle class has disappeared.

    Yes, all mubers uplled out of a hat, but as a thought experiment it's enough to demonstrate that "Uhm, where exactly do you think millionaires come from?" is not really a useful response. :)

  1. testudo

    Joined: Dec 1969

    0

    Don't blame the CEOs

    OK, let's say Apple computer came to you and said: "We'd like you to run our company. What do you think of $10 million salary, $50million in stock options, and lots of perks?", are you seriously going to say "Nah, give me $400K a year, no options, I'll be fine". Please. Its the companies, idiots, not the CEOs.

    What's really sick is when a company is in trouble, they have to spend millions to kick out their crappy CEO, because he's got himself a golden parachute (which is great, because basically the only reason for someone to have this is if you get fired, and that's because you're not doing your job, yet you get paid for it!). Then they've got to overpay the next guy, because he wants to make sure he gets his money upfront because the company can't afford another parachute.

    And then, what's even better, is when these crappy CEOs who get fired go get jobs at other companies. Like, what's the deal with that...

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