Applera CEO in spotlight for high pay.One instrument industry executive making headlines with his 2002 paycheck is Applera CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Tony White. He is number 11 on Business Weeks list of the top-paid CEOs of 2001 with pay totaling $61.9 million. To be on such a list is a new experience for an instrument industry exec. The top spots on such lists tend to belong to executives whose companies are household names History Formation (1998-2000) Household Names have been together since 1998, with various members rotating throughout the line-up with singer, Jason Garcia, until it was solidified in the summer of 2000 with bassist/keyboardist, Chris Peters, and drummer, C. J. . According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Business Week's calculations, Tony White earned $1.7 million in salary and bonus for 2001 and $60.2 million in long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. compensation, which includes exercised options, restricted shares and long-term incentive payments but excludes the value of unexercised option grants. In a separate article, the magazine notes that Mr. White benefited from options in both Applied Biosystems Applied Biosystems, Inc. (formerly NASDAQ: ABIO) is the original name of a pioneer biotechnology company founded in 1981 in Foster City, California, among the Silicon Valley cities of the southern San Francisco Bay Area. stock and the Celera Genomics tracking stock. Mr. White is excluded from IBO's compensation survey due to the nature of his compensation. Applied Biosystems Michael Hunkapiller also benefited from such arrangements, as well as a 2000 bonus that resulted in a steep fall in short-term compensation for him this year. However, he is included in the compensation survey due to his role at Applied Biosystems, which has become one of the major players in the instrument industry. |
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