Gil Amelio's Insanely Great Paycheck

Is new Apple CEO Gil Amelio worth his millions?

Apple Computer Inc. has world-class problems. And now it has got a chairman and CEO who's pulling down a world-class pay package. Gilbert F. Amelio, a board member since late 1994, who took the helm on Feb. 5, will earn at least $2.5 million a year, according to Securities & Exchange Commission documents. And if he meets unspecified performance goals, the total package will be worth between $10 million and $13 million annually.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.