Steve Jobs is among the nominees for Graef Crystal's annual Executive Pay Hall of Shame and Fame: "The reason: wildly excessive pay."
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...that $1 is just SO ridiculous.
these wonks have been holding an apple death watch for how many years, and they value apple stock options that highly? if they're right about apple's 20-plus-year-imminent failure (and who would buy apple and convert shares...?), then the options will be worthless... which is it, boys?
Steven Jobs, CEO, Apple Computer Inc. The reason: wildly excessive pay.
Granted, Jobs worked for $1 a year after he returned as head of Apple in 1997, and the stock's performance was terrific, with a compound annual return of more than 109 percent a year during his first two and a half years. But Apple's board went overboard when it came time to reward him. First there was the gift of a personal Gulfstream V jet worth $45 million. Then there was the $45 million for the taxes on the gift of the jet, and for the taxes on the money for the taxes, etc. But the real piece de resistance was the option grant covering $872 million of Apple stock, the largest ever granted to one man on one day. Can the Apple board seriously claim that it studied the competitive pay environment before deciding the ``going rate'' for a top-notch CEO includes a free jet, $45 million in cash and 20 million option shares?
If anyone deserves it, Steve does. Competetive? They could have paied him nothiong and he would still be there. This is how most CEO's should be paid. If they do good then they get something. If not they get jack.
LOL .... he should close Dell and give his share holder back their money.
What, close down Dell?
When they're such a wildly innovative company that does things like pioneer the use of antennas in their notebooks?
LOL, M. Dell is an a**.
These guys have p**** envy!
Actually, the options aren't worth squat.. with their share price hovering around what it was when jobs took control of the company. So we're talking about roughly 90 million in compensation between the cost of the jet and the maintenance.
Face facts.. they rode the same bubble as most other tech stocks did in the late 90s. And Jobs has nothing to do with that. Now they are down close to where they started from (stock is struggling to stay above 17).. and in light of THAT, the compensation WITHOUT the options still seems a bit large.
is the ceo of the only computer manufacturer making any serious money at the moment!
The stock doubled once since then, so its still worth more than double its value when it was down the mid teens a few years ago.
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caca
horseshit, more disinformation... that Forbes article was debunked weeks ago, and this clown (Graef Crystal) is only regurgitating the same disinformation published by Forbes...