His salary may be only $1 a year, but Apple CEO Steve Jobs has been named by Forbes magazine as the highest paid executive in the US with $646.6-million in stock compensation last year. Based on a 40-hour week, that's the equivalent of $310 576 an hour.

In its annual CEO salary survey within the US's top 500 companies, Forbes listed Yahoo's Terry Semel as the next highest-paid IT exec in fifth spot with $174.2-million in compensation. Michael Dell was sixth with $153.2-million.
Oracle's Larry Ellison – currently cresting the waves off Spain in a (seemingly successful) bid to challenge for yachting's holy grail, the Americas Cup – dips in at 12th on the list with $72.4-million, while Cisco's John Chambers came in at 15th with $71.3-million.
Another $1 a year man, Google's Eric Schmidt, just scraped into the top 500 at number 488 with compensation of $560 000, only seven spots behind Microsoft CEO Steve Ballmer, who took home just $980 000, believe it or not.
Other IT chiefs on this year's list include HP's Mark Hurd at number 80 with $20.3-million; Sam Palmisano of IBM at number 104 with $17.6-million; 376th placed Margaret Whitman of eBay with $3.1-million; and Sun's Jonathan Schwartz at number 461 with $1.5-million.