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For six years, the Internet Nexus served as my technology blog, but I've since started blogging at the SuperSite Blog instead. If you're looking for the blog, please head there. --Paul

Wednesday, August 13, 2003

Jobs still most over-paid CEO
In the years since he regained control of Apple Computer, Steve Jobs has driven the Mac into the ground with lower-than-ever market and usage share. So how do you reward a guy that's more about style than substance, whether its the makeup of his machines or the company he runs? You make him the highest paid CEO on earth, of course. Research which looked at three years of CEOs' earnings at firms with revenues over $5 billion reveals that Apple's Steve Jobs earned $219 million each year, on average. The average pay, in this select group, is $12 million. "Jobs wins my Most-Ludicrous-Pay-Package trophy, which isn't awarded every year," write Graef Crystal, a Bloomberg News columnist, in a report describing this outrage.

[ Posted at 10:52 AM | Permalink ]