Forbes: Apple CEO Steve Jobs highest paid U.S. CEO last year at $647 million

“The chief executives of America’s 500 biggest companies got a collective 38% pay raise last year, to $7.5 billion. That’s an average $15.2 million apiece. Exercised stock options again account for the main component of pay, 48%. The average stock gain was $7.3 million,” Scott DeCarlo reports for Forbes.

“The highest-paid boss of the 500 companies we tracked: Apple (AAPL) chief Steve Jobs. He drew a nominal $1 salary but realized $647 million from vested restricted stock last year,” DeCarlo reports.

Full article here.

[Thanks to MacDailyNews Reader “Judge Bork” for the heads up.]
Worth every penny.

63 Comments

  1. And worth every penny!

    all CEO’s should be paid on how they do for the company, and stockholders, what would piss me off, if I was a stockholder in a company loosing $$, and the CEO was getting a fat check, same time employees were getting dumped on

  2. Did anyone think it was really $1? For what he’s done, I’ll throw in a buck myself. ” width=”19″ height=”19″ alt=”smile” style=”border:0;” />

    MDN: “strength.” MDN’s psychic. I love it.

  3. Leopard late, cinema displays over-priced, no recent and significant improvements in desktop performance with the exception of the Mac Pro, iWork in hiatus, stock options fiasco (i.e. ethical lapses) stinking up Cupertino, Apple forced to improve OS X security through public humiliation, battery issues for notebooks still unresolved, AppleTV humdrum, no news regarding 45-nm processors in next generation Macs, .Mac needs improvement. Other than that, great job, Steve. Give yourself a raise and knock off early.

  4. @MacZ…

    You know you are so right!!!
    After all things were so much better prior to Jobs return as the iCEO (interimCEO) –
    Maybe you can get a petition going to bring back Sculley to the property!

    MDN=property

  5. Maczealot,

    Macs are selling at twice the increase of all other PCs. iPod sales are up. We’re smashing the competition at the iTunes store. We have 12 billion in cash reserves. Profits are massive. Stockholders are happy, and we’re one of the most environment-friendly computer company around.

    What part of successful do you not understand? All companies have problems. Otherwise, we wouldn’t need executives. Bozo.

    S.

  6. Yeah, Steve the stockholders are happy, but the folks working the retail stores know they have to put up with with shit you can’t even imagine or would want to put up with just to get by every day.
    Management sucks and does not value the employees.

  7. Maczealot, you’re only scratching the surface and I agree with you 200%. But he sure beats Sculley on all counts.

    I have seen Apple become a greedy company little by little over the years. Overpromising and underdelivering. Silent recalls all over the place. Cutting corners here and there. Dismantling upgrade paths. Quality riding backseat to manufacturing economies. Etc. etc.

    Got to keep those shareholders happy!

    Still… and this is sad to say… it beats its competitors to a pulp. That’s the grim reality of today’s technology marketplace.

    Shiny mediocrity confused for excellence. Something’s gotta give.

  8. The idea behind getting paid $1 and getting stock options is good on a couple of points. First, he gets more money when the company does better. No more paying hundereds of thousands for a CEO taking a company into the ground. Second, for Steve is that the money he makes on the options are taxed as capital gains is taxed at a MUCH lower rate. By taking only $1, he ensures that his base tax bracket is low.

    Win for the share holders, win for Steve Jobs. (government looses the extra taxes)

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