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The top-paid CEOs in tech

Posted May 02 2008, 01:33 PM by Kim Peterson
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It's no surprise that Oracle's Larry Ellison tops Forbes' list of the best-paid CEOs in technology. Ellison is #14 on the list of world billionaires and gets big money from his company every year. His salary last year was only $1 million, but he got $182 million more through exercising stock options, according to Forbes.

Oracle shareholders can't be too upset. The company's total return in the fiscal year was 36.3%, according to Forbes. A year ago Oracle shares were in the $19 range. They reached the $23 mark in January and are now trading at around $21.34.

Here are the others on Forbes' list of top-paid tech CEOs:

2. Nabeel Gareeb, MEMC Electronic Materials -- $79.6 million in compensation

3. John Chambers, Cisco Systems -- $54.8 million

4. Mark Hurd, Hewlett-Packard -- $27.6 million

5. Jen-Hsun Huang, Nvidia -- $24.6 million

6. Samuel Palmisano, IBM -- $24.3 million

7. Wendell Weeks, Corning -- $22.6 million

8. Joseph Tucci, EMC -- $20 million

9. William Sullivan, Agilent Technologies -- $17.4 million 

10. Paul Otellini, Intel -- $16.3 million

11. Steve Jobs, Apple -- $14.6 million in compensation

12: Jonathan Schwartz, Sun Microsystems -- $13.5 million

So which of these guys actually deserve their mega-salaries? Who's overpaid? Let me know your thoughts in the comments.

I think Steve Jobs is worth every penny of his $14.6 million for getting Apple's iPhone out last year. Biggest waste of money? I'll give it to Jonathan Schwartz. Yes, he managed to return Sun to profitability last year, but yesterday's devastating earnings report makes it unlikely that Sun can deliver on promises of revenue and profit growth.

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Comments

 

MR. ELLISON SHOULD CONSIDER  SHARING  SOME OF HIS SALSRY WITH ORACLE SHAREHOLDERS.  HALF AS MUCH  SALARY SHOULD BE SUFFICIENT.  ISN'T IT TIME TO PAY DIVIDENDS??

W. A. Rock (Posted 05.06.08 4:00 PM) Report Abuse

Who is overpaid?  This is a classic incendiary and pernicious question.  The only valid response is none of my business.

If it were my business, because both some sufficient evidence legally warranted investigation, and I was qualified to evaluate any findings, then that would be an entirely different situation.  However, the question does not furnish any legal evidence or witness testimony of wrongdoing, so it is a violation of the said individuals' rights to their privacies to publically speculate upon the validity of their remuneration.  The absence of valid legal data, notwithstanding, opinions are the hallmark of recklessness and potentially libelous.

Inasmuch as the criminal physical offense of "assault" and battery, this vile question is the intellectual offense of "assault".  Ask it, and battery is not far off.

Joe King (Posted 05.06.08 4:26 PM) Report Abuse

APPLE 14.6 OR  JAVA, 13.5,  SUN'S WAY OVER PAID, GO TO WORK!!!!!

THOMAS (Posted 08.28.08 9:19 PM) Report Abuse

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