China Journal website feature: Although Steve Jobs, CEO of American Apple Company, started from $65,438+0 in 1998, and his salary was only $65,438+0, this did not prevent him from becoming the highest paid company executive in the San Francisco Bay Area in 2003.
According to the Associated Press, a company specializing in tracking executive compensation recently published a report saying that in 2003, Jobs exchanged his company's equity for restricted stock worth $74.8 million, making his salary the highest among the executives of more than 400 listed companies in the San Francisco Bay Area.
Among the listed companies in the San Francisco Bay Area, the top five executives with total compensation also include john Chambers, CEO of Cisco Systems, with US$ 47.7 million; Meg White Mann, CEO of Electronic Harbor, $42.6 million; Steven Bennett, CEO of Intuit, a commercial software company, $29.9 million; And Craig Conway, former CEO of PeopleSoft, with $26.9 million.
The salary in this survey includes annual salary, bonus, restricted stock, stock option and other rewards, in which the value of stock option will fluctuate according to the market value of the stock. Due to various company incentives, the ranking of the highest paid company executives in 2004 will not be announced until next year.
This report once again makes people question the "gold content" of the so-called symbolic annual salary of $65,438 +0. To thank Jobs for his successful leadership, Apple gave him a $90 million jet private jet in 2000. In 2003, Apple paid more than 400,000 dollars for Jobs' business flight alone, which caused widespread criticism.
Jobs 1977 1 co-founded Apple with his partners and successfully listed on Wall Street three years later. But in a power struggle from 65438 to 0985, the proud and rude Jobs was swept out of the house. After leaving Apple, Jobs experienced many failures. He started a small company, but it was always depressed and was finally acquired by Apple 1996.
During the period of 1997, Apple suffered an unprecedented crisis. Regardless of personal computers or business computers, Apple's market share has been completely taken away by competitors. At this point, Jobs, then an Apple consultant, became the interim CEO. Jobs, who returned to Apple's leadership position, was uncharacteristically. He humbly asked other company leaders to discuss the plan to save Apple, and unexpectedly proposed that he only got the salary of 1 USD in 1997.
Although under the leadership of Steve Jobs, Apple has continuously introduced new products and regained a certain market, the situation is still not optimistic. In July 2002, the company's profit fell by more than 47%, its stock fell by more than 52%, and its loss was as high as $654.38+000 billion. It was not until fiscal year 2003 that Apple's situation improved.
Under such circumstances, it is particularly dazzling that Jobs cashed in $74.8 million in stock options while holding the "annual salary" of 1 USD. (Xi Xuelian)
I hope to inspire LZ! !