Question: What corporation in America is getting the best bang for their salary bucks from their CEO?
Answer: Apple and Steve Jobs
CNN Money reported that Apple CEO Steve Jobs once again was paid US$1 in annual salary in 2006, with no bonuses.
The majority of compensation is paid through equity grants. No new grants were awarded to Jobs in 2006. However, a 2003 stock grant became fully vested in 2006 which gives Steve Apple stock worth approximately $1 billion.
CEO compensation should be in the form of stock grants. A CEO’s fortune should be tied directly to fortune of the company. Do a good job, and both the company and the CEO prospers!
Apple now ranks No. 121 on the 2007 Fortune 500.
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I’ve got to agree with that. Pay for performance! He doesn’t sound like he’s underpaid; that’s for sure!