Skip to Content

Shocking Severance Payouts

$50 million for 1 year, 4 months

$50 million for 1 year, 4 months

11.  Gil Amelio, Apple
Tenure: 1 year, 4 months
Compensation: $50 million from severance 
 
Gil Amelio became Apple’s CEO on February 2, 1996, after serving two years on its board of directors. At the time, Apple was neither the trendsetter it started as, nor the major power it is now, as the public had little faith in the company. Once Amelio assumed control, Apple reached its lowest point in twelve years. The funny thing is that the decline had little to do with Amelio, but rather was the result of a single anonymous party selling $1.5 million shares all at once. That single party was later revealed to be Steve Jobs. Amelio had the last laugh, though, walking away with over $50 million in severance for his measly 16 months on the job. 

Shocking Severance Payouts

$50 million for 1 year, 4 months$44 million for 1 Year, 3 Months$169 million for 1 Year, 3 Months$13.2 million for 1 Year$9 million for 9 months$71 million for 9 months$1.4 million for 5 months$7.3 million for 130 Days$19 million for 17 Days$54 million for 3 Days$6.75 million, and he hasn't started yet...
Compare Personal
Finance Rates

Find Your Rate

Advertisement
  • All
  • Mortgages
  • Credit Cards
  • Savings
Enter Mortgage Value
Company
Monthly
Rate
Choose Card Type
Company
Reward Return
Rate
MBNA
2.05%
$1,500.33
Best Rate
2.05%
$1,500.33
Best Rate
2.05%
$1,500.33
Choose Savings Type
Company
Savings
Rate

Most Commented