Word: bassick
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Others aren't so sure. Executive-pay expert Webb Bassick of the Hay Group management-consulting firm says even a generous salary for someone at Jobs' level would be around $8 million. And given the total value of Jobs' package, which Bassick estimates at around $400 million, he figures Apple's board has paid for 50 years of service. Yet in an era in which fuzzy-cheeked Internet CEOs can rack up $100 million fortunes virtually overnight, how else could a board show its appreciation? Bassick says the jet illustrates a growing problem in today's high-tech world...
Instead, on a pleasantly cool Monday night in June, the soft-spoken 19-year- old, who grew up in the public-housing projects in Bridgeport, Conn., proudly marched into the local civic auditorium with 128 other green-and- white-robed members of the Bassick High School graduating class of 1991. He didn't sit on the podium with the class leaders, nor was he one of the nine students who wore a blue satin collar symbolizing membership in the National Honor Society. But for James, his family, his neighborhood and even for this country, the mere fact that...
...things that saved James was sports," says his sixth-grade teacher John Tavella. The youth played point guard on the Bassick High School team, which ranked eighth in the U.S. during James' sophomore year. Basketball gave him the kind of attention that all youngsters crave. It also gave him something constructive to do with his time...
...That's what James' success is all about," says Don Thomas, a graphics teacher at Bassick High School and one of the volunteer counselors that summer, "knowing that there is support and reaching out for it." Still, there were times when James strayed. He dropped out of school for two months in protest when his mother sent him to North Carolina to stay with her parents. "Any crowd out here has one or two who are known drug dealers, and if you're hanging with the crowd and they're picked up, 9 times...
...even when his parents gave in and brought James home, his grades at Bassick fluctuated. "You start listening to other people, and they get to your head," he says. "Say the math is getting hard, and one of my friends just goes to sleep, and I figure, 'Hey, I can go to sleep...