The Wall Street Journal has today posted a look at some of the highest paid CEOs in the last 10 years – and guess who made the cut? Steve Jobs.
Coming in as the fourth highest paid CEO in the past decade, Jobs is estimated to be worth a staggering $748.8 Million. Taking top spot is Oracle’s Lawrence J. Ellison at 1.84 Billion.
[WSJ via @MacStoriesNet]
Apple’s Mr. Jobs also took a $1 annual salary throughout the decade. But he ranked fourth primarily because of a $647 million gain on restricted stock that was granted in 2003 and vested in 2006. He still holds the shares.
Apple directors gave Mr. Jobs the restricted stock in exchange for stock options that were then worthless, but which ultimately would have been worth more than the restricted stock had Mr. Jobs held them. Apple later acknowledged that some of the options exchanged for the restricted shares had been backdated, boosting their value, and restated its financial results. An Apple spokesman declined to comment.