Is there something shorter? I mean something consisting only of 5 pages or so? My current knowledge (for web dev purposes) is this: sha1(md5(pw + salt)) is pretty safe. And I heard that doing the sha1 recursively is better. On the other hand my boss is convinced that is no good.
Of course I did a bit of research (ok, only 30-60 minutes on Google ;)) and didn't find anything presenting a sweet and simple solution.