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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: Stock Farmer who wrote (63559)4/16/2003 4:56:32 PM
From: SouthFloridaGuy  Read Replies (1) | Respond to of 77400
 
JOBS OINKS WAY TO TOP OF HOGS LIST

By LAUREN BARACK
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April 16, 2003 -- Steve Jobs has made a pig of himself.
Apple's CEO earned $78.1 million in restricted stock options last year, even as shareholders saw their stock plummet 34.6 percent.

CEOs of technology companies earned six of the top 10 spots as the biggest hogs in corporate America - an honor bestowed in the latest Fortune magazine upon those whose firms fell more sharply than the S&P last year and who nonetheless scored more than $22 million in compensation.

Other execs with porcine tendencies include Honeywell CEO David Cote, in Fortune's No. 2 spot, who got a $68.5 million package even as his company's stock lost 27.3 percent.


John Chambers scored third place, taking $54.8 million in compensation for running Cisco while its stock dropped 27.7 percent.

Pat Russo grabbed the No. 4 spot, gobbling up $38.2 million while her shareholders lost a staggering 75.4 percent of their value last year.

And at No. 5, Jeff Barbakow enjoyed a $35 million payday, while shareholders of Tenet Healthcare saw their holdings fall 58.1 percent.

Jobs, who earns just $1 a year in salary at Apple, has been in talks with Vivendi Universal to buy Universal Music. While the deal now looks unlikely, reports last week of the negotiations sent Apple's stock down even further.