May 6, 2005

Head of Apollo Group Lands on the 'Forbes' List of Highest-Paid Executives

By GOLDIE BLUMENSTYK

Todd S. Nelson, the chairman and CEO of the company that owns the University of Phoenix, ranked No. 55 on the Forbes magazine's list of the highest-paid chief executives for 2004, with total compensation of more than $22-million.

Mr. Nelson's company, the Apollo Group, was the only higher-education company included in the Forbes list. Forbes listed salaries of the top executives of the 500 biggest companies, based on a composite of companies' sales, profits, assets, and market