DEAL GIVES APPLE CEO $10 MILLION GUARANTEE.Byline: Laurence Zuckerman The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times However shaky the future of Apple Computer Inc. may be, Gilbert F. Amelio, the company's new chairman and chief executive, is sure to be financially secure. Amelio's pay package, 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. one expert on executive compensation, will total at least $10 million a year for the next five years, and could go much higher if Apple's stock price improves. In addition, Amelio is guaranteed a payment of $10 million if the company is sold within a year - a possibility, given Apple's recent merger talk with Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. Inc. The rich compensation deal, detailed in a filing with the Securities and Exchange Commission, puts Amelio in the same league as some of the highest-paid chief executives in the country, like John F. Welch Welch , William Henry 1850-1934. American pathologist and bacteriologist who discovered the bacteria that causes gas gangrene. Jr. of General Electric and Wayne Calloway of Pepsico, experts on executive compensation said Tuesday. |
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