Steve Jobs, co-founder and CEO of Apple Computer Inc., was the highest-paid executive in the San Francisco Bay area in 2003, according to a new study,” The Associated Press reports. “Jobs received a salary of only $1 in 2003, but he traded in almost all of his stock options for $74.8 million in restricted stock, according to an analysis of 400 publicly traded companies in the Bay Area by San Mateo-based Equilar, which tracks executive compensation.”
“Other Bay Area CEOs in the top five included John Chambers of Cisco Systems Inc. ($47.7 million), Meg Whitman of eBay Inc. ($42.6 million), Stephen Bennett of Intuit ($29.9 million ) and Craig Conway, formerly of PeopleSoft Inc. ($26.9 million),” AP reports. “The list of best-paid executives for 2004 is still not available because most companies will not report compensation information until next year.”
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MacDailyNews Take: Jobs is worth every penny and more.
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