Word: ceos
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Dates: during 1990-1999
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...would also satisfy Sun CEO Scott McNealy's strong desire to compete eyeball to eyeball with Microsoft in personal-computer operating systems and software. Indeed, Sun has won glowing reviews for its new Java programming language, which the company pitches as a way to write new kinds of programs that work best on the World Wide Web. Sun might be able to use Java, which does not depend on any one computing system for its success, to reinvigorate the Macintosh line...
...more, sometimes much more. For boosting the Magic Kingdom's stock price 28% and orchestrating a $19 billion merger (the second largest in U.S. history) with Capital Cities/ABC, Walt Disney CEO Michael Eisner took home a $14.8 million compensation package, outpacing his prior year's pay nearly 40%. Campbell Soup chairman David Johnson savored a raise to $6.6 million, a jump of 150%, as Campbell stock climbed more than 36%, to 60. After Rockwell International's stock price leaped nearly 50%, to 527/8, CEO Donald Beall pocketed a tidy $5.5 million, a 45% bump over '94. Charles Walgreen...
...While CEOs are no doubt preparing speeches about the relationship between risk and reward, a few statistics intrude. To wit: despite the gush of profits, stockholders didn't see a comparable leap in their dividends. And employees took home only 2.7% more in wages and benefits during the year, the lowest increase since the government began tracking compensation in '81. Though turn-of-the-century financier J.P. Morgan argued that a CEO should never make more than 20 times the average salary of a company's employees, the ratio has escalated radically in recent years. In a sample...
...compensation gap grows, so does the pain gap. At a time when Americans are paying higher health-insurance premiums for more restricted services, the CEOs of health-maintenance organizations--who ordain who shall be treated and who shall not--are banking pay packages far more than double the average CEO compensation in other companies of comparable size and performance. A prime example: Daniel Crowley, CEO of Foundation Health Corp., a California-based hmo. According to one expert, Crowley's average annual compensation for the past three years was $6.1 million, besting his counterparts in other industries by 277%. Now that...
...CUPERTINO, CALIFORNIA: Apple Computer may have a new CEO, and a new determination to remain independent. Although the company has not confirmed it, The Wall Street Journal reported that the embattled Michael Spindler has stepped down in favor of Apple board member Gil Amelio, who left his position as head of National Semiconductor Corp. Board members are believed to be leaning against a merger with Sun Microsystems. The tough-minded Amelio is a good choice, an executive adept at rebuilding battered companies. San Francisco Bureau Chief David Jackson reports: "A new CEO will have a better chance to rejuvenate...