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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 CEO 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).
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