DILLER LEADS TOP EXECS IN 2005 PAY; IAC/InterActiveCorp chief makes off with $295 million, while Apple CEO Jobs earns $1.(Steve Jobs and Barry Diller)

Advertising Age, December, 2006 by Johnson, Brad

Byline: BRADLEY JOHNSON

bjohnson@crain.com

The average american worker last year made about $37,000, a meager 1.7% gain over the previous year. The average CEO did a bit better: $14.4 million in pay, up 51%, according to Advertising Age's annual salary review.

Pay for corporate chiefs ranges from zero to infinity, give or take. The buck stopped with Apple Computer CEO Steve Jobs: He made $1 in fiscal '05. (Not to worry; his restricted shares, from an earlier grant, were worth $532 million.)

IAC/InterActiveCorp Chairman-CEO Barry Diller grabbed the most loot with a package worth $295 million at IAC-and another $175 million from spinoff Expedia. Most of his haul came from cashing in old stock options. (See story on Page S-2.)

...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.