Word: amelio
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More galling is exorbitant CEO pay at companies with laggard stocks. Gil Amelio, the new CEO of struggling Apple Computer, received total compensation valued at $23 million last year while Apple shareholders lost 40% on their investment. Nolan Archibald, CEO of Black & Decker, received total compensation of $6.5 million even though shareholder returns were a pathetic negative 13%. To be fair, in the case of Amelio, $16 million of his package was in stock options. That will prove vastly overstated if he can't fix what ails Apple, and if he does fix it, he's probably worth every penny...
...intended to be as farcical as possible. Set in the fictitious Pueblo Cito, a "backward little town" on the coast of Spain, the story revolves around three principal characters: El Bean (Tim Arnold '00), a famous matador; Hector (Elie Mystal '00), a sleazy politician; and Ana Sanchez (Tonia d'Amelio '00), a village girl whose fiance was trampled to death by bulls...
...Tonia d'Amelio, as Ana, was the only real singer in the ensemble, and her voice in song had a sweetness that disappeared in the exaggerated emphasis of her speech. Her character was an obvious spinoff of the book-loving Belle of Disney's Beauty and the Beast, down to the sweet if slight, Broadway-Disneyish lyrics: "Books are better than love." Even her foils, the three brightly-clad senoritas--Lolita (Debbie Hunter '00), Rosita (Jasmin Roman '00), and Marguerita (Shannon Tracey '00)--who coo over the very name of El Bean, were clearly modeled after the three blondes...
...took Apple Computer chairman Gilbert Amelio 2 1/2 hours to say it, but Apple devotees last week finally got what they'd been waiting for: assurances that despite rumors to the contrary, the next generation of Macintosh computers will run most of the old software. The bad news is that it will be at least a year before the new system, code-named Rhapsody, is ready for public release...
Will NeXT save Apple? A few days earlier, the company warned investors to expect a quarterly operating loss of as much as $150 million; its stock plummeted 18%. Amelio blamed the loss on disappointing sales of Apple's Performa computers but insisted that his comeback plan was "still solid." Said he: "We're making a dramatic shift that's going to change everything...