Every once in awhile, there's another story about CEOs being paid too much.
Shares of Apple, Inc., (AAPL) are in the $370 range/share.
There are about 930 million AAPL shares outstanding. Apple, Inc.'s market capitalization is about $350 billion.
The general consensus is that the shares of Apple, Inc., will fall in price when the former CEO, Steve Jobs, passes away.
I don't know the exact number, but within the ballpark of figures, shares of Apple, Inc., dropped about $20/share when Jobs announced his resignation as CEO due to health reasons (though he stayed on as chairman of the board).
930 million shares x $20 = $18,600 million or almost $20 billion.
Mr Jobs was getting paid a lot less than $20 billion as CEO, but yet the company's net worth, as measured by market cap, dropped by that amount. And that was just announcing his retirement as CEO.
No further comment.
