updated 02:30 pm EDT, Fri May 2, 2008
Jobs No. 11 on CEO list
Apple's CEO Steve Jobs dropped from No. 1 to No. 11 on Forbes' list of Top Paid Tech CEOs, while Larry Ellison (Oracle, $192m), Nabell Gareeb (MEMC Electronic Materials, $80m), John Chambers (Cisco, $55m), Mark Hurd (HP, $28m), Jen-Hsun Huang (Nvidia, $25m) were among the top (respectively). In 2006, Jobs took home a staggering $646 million (mostly bellied by his stock package), while Jobs "only" received $14.6 million in compensation. The publication notes that the percentage of top paid tech CEOs among the top 100 most richly compensated CEOs has decreased considerably and Tech CEOs no longer dominate the latter.
In fact, only eight tech executives are found among the top 100 best-compensated CEOs. That's a change from our calculations for 2006, when four of the 12 best-paid CEOs overall ran technology companies.
Michael Dell slid to No. 36 among technology CEOs and to No. 434 overall, a far cry from his prevision No. 6 position on the list of best-compensated CEOs, but Forbes notes that "Dell's standing as a billionaire hasn't suffered much: Forbes estimates Dell's value at more than $16 billion, making him the 40th richest person on the planet."
Other in the top 10 included Samuel Palmisano (IBM, $24m), Wendell Weeks ($23m), Joseph Tucci (EMC, $20m), William Sullivan (Agilent, $17m), and Paul Otellini (Intel, $16m).
Forbes compiled the list by calculating the overall compensation for the past year for executives, factoring in salary, cash bonuses, vested stock grants, stock gains and exercised stock options.