Steve Jobs No Longer Among Top 10 Paid Tech CEOs
Steve Jobs No Longer Among Top 10 Paid Tech CEOs
by , 8:50 AM EDT, May 2nd, 2008
Apple CEO Steve Jobs topped the Forbes Top Paid Tech CEO list in 2006, but dropped to number 11 in 2007. His 2006 earnings hit US$646 million, and topped out at a comparatively meager $14.6 million in 2007, according to Forbes.
A substantial portion of Mr. Jobs's 2007 earnings came in the form of company stock, which was worth far more than his $1 salary.
Mr. Jobs wasn't the only tech name to drop off the top ten list in 2007. Former Yahoo CEO Terry Semel lost his ranking along with his job, and Dell CEO Michael Dell dropped down to number 36.
Oracle CEO Larry Ellison topped this year's best paid tech CEO list as well as Forbes overall list of best paid CEOs with a $192.9 package. Intel CEO Paul Otellini came in just one slot ahead of Mr. Jobs at number ten with $16.3 million.
The Forbes top paid tech CEO list is compiled by calculating overall compensation for the past year, and factors in salary, cash bonuses, vested stock grants, stock gains and exercised stock options.
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