Since the bubble went kaboom, the pain's hardly been distributed equitably. While even Stanford and Wharton MBAs struggle to keep paltry low-six-figure jobs, CEOs, today's robber barons, have been well insulated thanks to obese pay packages—sliding profits and mass layoffs be damned. Still, poetic justice may be in sight: Oracle CEO Larry Ellison's recent hostile takeover bid for PeopleSoft, unlikely to prevail but damaging nonetheless, may leave CEO Craig Conway out of a job. (If shareholders would just wisen up.)
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David Pottrick
Title: President and CEO
Residence: San Francisco
Company: The Charles Schwab Corp., financial services, San Francisco (SCH)
2002 salary + bonus*: $1,033,000
2002 total compensation*: $41,261,000
2002 stock performance: -30%
Head count decline 2002 (from Hoovers.com): -14.8% to 16,700 employees
Known excesses: Takes ski trips to St. Moritz and has a membership at Sonoma's swanky Mayacama Golf Club, which can run $250,000.
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Scott McNealy
Title: President, chairman, and CEO
Residence: Portola Valley
Company: Sun Microsystems Inc., computer servers, Santa Clara (SUNW)
2002 salary + bonus: $647,000
2002 total compensation: $70,691,000
2002 stock performance: -76%
Head count decline 2002: -9.8%, to 39,400 employees
Known excesses: The Tiger Woods of CEO golfers; was ranked Golf Digest's top CEO duffer in 2002. That means jetting to the swankiest events nationwide, such as the AT+T Pebble Beach Pro-Am.
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Thomas Siebel
Title: Chairman and CEO
Residence: San Mateo
Company: Siebel Systems Inc., database software, San Mateo (SEBL)
2002 salary + bonus: $1
2002 total compensation: $120,278,000
2002 stock performance: -75%
Head count decline 2002: -20.2%, to 5,909 employees
Known excesses: Owns a jet; reportedly rented out the entire Four Seasons resort near Puerto Vallarta and flew down hundreds of guests for a surprise birthday party for his wife—at his expense.
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Craig Conway
Title: President and CEO
Residence: Woodside
Company: PeopleSoft Inc., software, Pleasanton (PSFT)
2002 salary + bonus: $2,900,000**
2002 total comensation: $188,000,000 (est.)**
2002 stock performance: -53%
Head count decline 2002: -1.7%, to 8,293 employees
Known excesses: Doesn't drive a fancy car or throw lavish parties,
but the fitness fanatic has built a full-scale gym in a restored barn on his property.
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*Source: Business Week's Executive Compensation Scoreboard, April 21, 2003.
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** Source: San Francisco Chronicle.
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