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It’s official!
Steve Jobs should ask for a pay raise! According to Forbes, Oracle’s Larry Ellison came first in
2007 as the best paid CEO (although he doesn’t seem to need his salary, since
he is no. 14 among the world’s billionaires, with an estimated $25 billion of
assets), topping big names such as Apple’s Steve Jobs (no wonder, the poor man
is paid $1 for the job!).
The top 10 best
paid CEOs are as follows: Larry Ellison (Oracle) - $192.9 million, Nabeeb Gareel
(MEMC Electronic Materials) - $79.6 million, John Cambers (Cisco) - $54.8
million, Mark Hurd (HP) - $27.6 million, Jen-Hsun Huang (NVIDIA) - $24.6
million, Samual Palmisano (IBM) - $24.3 million, Wendell Weeks (Corning) -
$22.6 million, Joseph Tucci, EMC - $20 million, William Sullivan (Agilent) -
$17.4 million, Paul Otellini (Intel) - $16.3 million.
Steve Jobs not
only didn’t make it on the top 10 list, but 2007 was far less productive than
2006: this time he took home an estimated $14.6 million in compensation,
compared to 2006 when he took compensations estimated at $646 million (oh, it’s
nice to have stocks!).
The secret to
making it to Forbes' top list: don’t lose your job! Yahoo’s former Chief
Executive Officer Terry Semel didn’t make it this year, and neither did Michael
Dell, the founder of Dell, who is currently working hard to bring Dell to the
light (however, he does have some pretty good savings, in case things don’t work
out so well; Forbes estimated his value at $16 billion, making him the 40th
richest person in the world).
Jeff Bezos from
Amazon.com was last year’s best performing boss, with an annualized total
return during his career with the company of 40%, although his earning got him
a number 467 spot. However, he does rank 110th in the world’s billionaire list,
Forbes says, thanks to his 24% of the company’s stock.
© 2007 - 2008 - eFluxMedia