SAN MATEO, Calif. (AP) -- Steve Jobs, co-founder and CEO of Apple Computer Inc., was the highest-paid executive in the San Francisco Bay area in 2003, according to a new study.
Jobs received a salary of only $1 in 2003, but he traded in almost all of his stock options for $74.8 million in restricted stock, according to an analysis of 400 publicly traded companies in the Bay Area by San Mateo-based Equilar, which tracks executive compensation.
Other Bay Area CEOs in the top five included John Chambers of Cisco Systems Inc. ($47.7 million), Meg Whitman of eBay Inc. ($42.6 million), Stephen Bennett of Intuit Inc. ($29.9 million ) and Craig Conway, formerly of PeopleSoft Inc. ($26.9 million).
The figures include salaries, bonuses, restricted stock, stock options and other compensation, but the value of stock options could change based on the stock's worth.
Genentech and eBay each had five executives in the top 100, while Oracle, Gilead Sciences, PeopleSoft and Veritas Software each had four.
The list of best-paid executives for 2004 is not available because most companies will not report compensation information until next year.
