| View this article at: http://www.macnn.com/articles/05/05/31/jobs.drops.to.no..99/ |
Tuesday, May 31, 2005 4:20am
Jobs drops to No. 99 on exe... |
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. Jobs is next to last on the new list 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.
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