Path: utzoo!attcan!uunet!lll-winken!lll-tis!ames!umd5!uflorida!novavax!proxftl!rafael
From: rafael@proxftl.UUCP (Rafael Mayer)
Newsgroups: comp.misc
Subject: Re: lotus chairman makes 26 million
Message-ID: <173@proxftl.UUCP>
Date: 16 May 88 13:58:14 GMT
References: <9160@cisunx.UUCP> <1801@uhccux.UUCP> <807@netxcom.UUCP> <10033@ism780c.UUCP>
Organization: Proximity Technology, Ft. Lauderdale
Lines: 17

>
> Informational question: is this 26 mil a yearly salary, or a
> one time figure based on stock options, bonuses, etc. A friend
> claims no company could afford to pay this yearly.
>
> Jess Wondering.
>


Your right these are stock options and bonuses which vary from year to year.
The base pay for these executives can vary from 1/4 mill to a mill. The bonuses
are the so-called performance incentives. Iacocca this year is getting 18 mill
in bonuses (down 9 mill from last year, poor guy). Sculley at Apple makes
1 million base pay and several million in bonuses. I find it all sort of
ridiculous, probably because I am not quite sure what one does with that kind
of money. After allhow many yacths can you own?

							Rafael