on and performance. Since Drexler became CEO in 1995, Gap shares have rocketed 730%, including a 1998 gain of 138% versus a 28.6% rise in the S&P's 500-stock index of large companies. On the other hand, Computer Associates fell 19.5% but CEO Charles Wang and other executives split a $1.1 billion stock award. Citigroup, formed after the merger of financial giants, Travelers Group and Citicorp, and lost 7% last year. Stanford Weill pulled in $157 million from exercising previously awarded options and received $10.5 million in salary and bonus – as Travelers' CEO in 1997, Weill pulled in $211 million. Citigroup CEO, John Reed, received $16.5 million in 1998.
             PAY-FOR-PERFORMANCE AND JUSTIFICATION FOR CEO PAY
             CEO's in the United States get paid far more than CEOs in other countries. CEO pay sometimes comes out to 325 times that of the average worker. Many critics express their feelings of how CEOs get paid too much, while others defend CEO pay by stating that they deserve it, they work for it, and that it is an internal issue that should not be determined by the public. When Douglas Ivester, CEO of Coca-Cola Co., announced his retirement, Bloomberg's executive compensation columnist Graef Crystal observed: "Here is a man who is resigning after a two-year tenure as CEO that produced a return for shareholder a negative 7.3 percent. For that, he is walking away with stock options and other goodies worth at least $120 million." However, Herbert A. Allen, a Coke board member, argues that "the fellow broke his back for Coke for 25 years and made out so poorly, yet Ivester did so well. Steve Jobs, CEO of Apple Computer, has been earning a salary of $1 a year since he returned in 1997 to the company he co-founded
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