Slideshow

In Pictures: CEO pay. Cash, stock awards, perks add up to big pay packages

Median pay for tech CEOs in 2012 was $10.7 million, according to Network World’s analysis of CEO compensation in the tech industry.

  • Oracle’s Larry Ellison is back on top of our CEO pay tally after a 24% raise upped his 2012 compensation to $96.1 million. Ellison isn’t the only tech CEO enjoying a big raise, however. Pay for CEO Michael Dell more than tripled to $16.1 million, for example, and Dominic Orr, CEO of Aruba Networks, netted a nearly 10-fold increase to $8.9 million. Read on to find out more about the salaries, bonuses, stock awards and perks that tech industry CEOs took home in 2012. Our tallies -- arranged from lowest to highest paid CEO -- are based on reports filed with the U.S. Securities and Exchange Commission. For details on how total compensation is calculated, see the last slide.

  • Steve Ballmer, Microsoft CEO Microsoft’s Ballmer took home a $1.3 million pay package, which is 4% less than his 2011 compensation. Ballmer's 2012 pay consists of a $685,000 salary and a $620,000 bonus. He also received a modest $13,128 in perks. Ballmer's bonus was 91% of his target award and less than half the possible maximum bonus of $1.37 million for which he was eligible. The company, meanwhile, grew revenue by 5% to $73.7 billion (up from $69.9 billion) but saw net income plummet 27% to $17 billion (down from $23.2 billion) in its 2012 fiscal year.

  • Kevin Kennedy, Avaya CEO and president Avaya pulled off a $209 million profit swing in 2012, moving from the red to the black, but CEO Kennedy’s compensation took a 66% hit nonetheless. His $1.3 million package included a $1.25 million salary, plus perks valued at $78,648. In 2011, Kennedy earned $3.9 million. For 2012, Avaya reported revenue of $5.2 billion, down 7% compared to $5.5 billion a year earlier. Net income climbed to $115 million from a loss of $94 million in 2011.

  • Jeff Bezos, Amazon.com CEO, president and chairman CEO Bezos’ $1.7 million pay package -- which is equal to his 2010 and 2011 compensation -- included his $81,840 salary plus personal security-related perks worth $1.6 million. Amazon’s revenue came in at $61.1 billion, which is up 27% compared to $48 billion in 2011. Net income, however, fell through the floor: Amazon reported a net loss of $39 million, compared to net income of $631 million in 2011.

  • Oscar Rodriguez, Extreme Networks CEO and president Extreme more than quadrupled its profits in 2012, but CEO Rodriguez saw his pay package slashed. Rodriguez earned a $550,000 salary, equity awards valued at $1.3 million, and perks worth $21,044. His $1.8 million compensation is down 42% compared to his $3.2 million package in 2011. For 2012, Extreme reported revenue of $322.7 million, which is down 3% compared to $334.4 million a year earlier. Net income jumped to $15.9 million compared to $2.7 million in 2011.

  • Tim Cook, Apple CEO Apple granted Cook a $376 million “promotion and retention award” in 2011, but there was no such stock award in fiscal 2012, when Cook’s pay package settled in at $4.2 million. His package included a $1.4 million salary, $2.8 million bonus, and perks valued at $17,274. Apple, meanwhile, saw revenue climb 45% to $156.5 billion (up from $108.2 billion) in 2012. The company generated $41.7 billion in net income, a 61% leap from $25.9 billion in 2011.

  • Michael Klayko, former Brocade CEO Klayko, who retired in early 2013 after eight years at Brocade, earned a $4.3 million pay package in 2012, up 6% from $4 million in 2011. His compensation included an $800,000 salary, $1.5 million bonus, equity awards valued at $2 million, and $20,734 worth of perks and other compensation. As a company, Brocade reported $2.23 billion in revenue, a gain of 4% compared to $2.15 billion in 2011. Net income more than tripled, hitting $195 million compared to $51 million a year earlier.

  • Ed Coleman, Unisys CEO and chairman Unisys chief Coleman netted a $4.8 million pay package in 2012, a decrease of 17% compared to his 2011 compensation. His package included a $972,000 salary, $1.2 million bonus, equity awards valued at $2.3 million, and $206,746 in perks and other compensation. Last year revenue at Unisys declined 4% to $3.71 billion, down from $3.85 billion in 2011. Net income increased 7% to $129 million, up from $121 million a year earlier.

  • John McAdam, F5 CEO and president McAdam’s 2012 pay took a 32% hit, but F5’s revenue and profit climbed in the opposite direction. His $5.2 million pay package included a $796,722 salary, $657,349 bonus, equity awards valued at $3.8 million, and $600 in perks. As for the company, revenue and income increased by 20% and 14%, respectively, in F5’s 2012 fiscal year. Revenue came in at $1.4 billion, up from $1.2 billion in 2010. Net income hit $275 million, up from $241 million in the prior year.

  • Kevin Johnson, Juniper CEO Johnson’s 2012 pay package included a $1 million salary, $770,000 bonus, equity awards valued at $5.1 million, and $45,000 in perks. His total compensation, valued at $6.9 million, is down 35% from 2011, when he netted $10.7 million. During the same time period, Juniper’s revenue fell 2% to $4.4 billion and the company’s profits were slashed in half. Net income plunged 56% to $187 million compared to $425 million in 2011.

  • Rory Read, AMD CEO and president In his first full year as AMD CEO, Read saw his compensation cut in half while AMD’s revenue fell 17% and profits were nonexistent. His $7.3 million pay package included a $1 million salary, $568,500 bonus, equity awards valued at $5.3 million, and $388,571 in perks and other compensation. In 2011, Read’s compensation was $15.6 million. For the year ended Dec. 29, AMD reported revenue of $5.4 billion (down from $6.6 billion) and a net loss of $1.2 billion.

  • Tom Georgens, NetApp CEO and president Georgens took a 9% pay cut in 2012, earning $7.6 million compared to $8.3 million in 2011. His compensation package included an $893,750 salary, $610,521 bonus, equity awards valued at $6.1 million, and $750 in perks. Meanwhile, company revenue totaled $6.2 billion, up 22% compared to $5.1 billion in 2011. Net income totaled $605 million, a decline of 10% compared to $673 million a year earlier.

  • Jim Whitehurst, Red Hat CEO and president Whitehurst’s compensation climbed 5% in 2012, but Red Hat made bigger gains in revenue and income during the same time period. His $7.8 million pay package included a $764,583 salary, $1.4 million bonus, equity awards valued at $5.6 million, and $5,583 in perks. Red Hat achieved 25% revenue growth ($1.1 billion compared to $909 million in 2011) and a 37% jump in net income ($147 million compared to $107 million) in its 2012 fiscal year.

  • Bill McCracken, former CA CEO McCracken, who retired in March of this year, received a $7.8 million pay package in 2012, including a $1 million salary, $1.8 million bonus, equity awards valued at $4.7 million, and perks and other compensation worth $282,672. His compensation declined 3% in 2012, a year that saw the company’s revenue increase 9% to $4.8 billion (compared to $4.4 billion in 2010). Net income grew by an even greater percentage, climbing 14% to $938 million (compared to $823 million in the prior year). Michael Gregoire took over the CEO reins at CA, effective Jan. 7, 2013.

  • Stephen Smith, Equinix CEO and president Smith’s compensation climbed 20% in 2012, and Equinix made even bigger gains in revenue and income during the year. His $7.8 million pay package included a $672,115 salary, $805,000 bonus, equity awards valued at $6.3 million, and $7,500 in perks. On the sales front, Equinix revenue climbed 21% to $1.9 billion, up from $1.6 billion in 2011. Net income increased 59% to $148 million, compared to $93 million a year earlier.

  • Jerry Kennelly, Riverbed CEO and chairman Riverbed founder Kennelly, who has led the company since 2002, earned an $8 million pay package last year, down 11% from $9 million in 2011. His 2012 compensation included a $650,000 salary, $568,399 bonus, equity awards valued at $6.7 million, and $576 worth of perks and other compensation. As a company, Riverbed grew revenue by 15% in 2012 to $837 million (compared to $726 million a year earlier), while net income decreased by 14% to $55 million (compared to $64 million in 2011).

  • Glen Post, CenturyLink CEO and president Post, who joined CenturyLink in 1976, netted an $8.7 million pay package last year, including a $1 million salary, $1.8 million bonus, equity awards valued at $5.2 million, and $752,548 worth of perks and other compensation. Post’s compensation climbed 14% (compared to $7.7 million in 2011), while CenturyLink made much bigger gains in revenue and income during the same time period. Revenue climbed 20% to $18.4 billion, up from $15.4 billion in 2011. Net income increased 36% to $777 million, compared to $573 million a year earlier.

  • Dominic Orr, Aruba Networks CEO and president An enormous increase in equity awards lifted compensation for the Aruba Networks CEO nearly 10-fold in 2012. Orr’s $8.9 million pay package (up from $933,429 in 2011) included a $400,000 salary and equity awards valued at $8.5 million. Revenue climbed 30% in Aruba’s 2012 fiscal year to $517 million (up from $397 million a year earlier), but net income took a major hit. Aruba reported a $9 million loss, compared to net income of $71 million in 2011.

  • Enrique Salem, former Symantec CEO and president Symantec nearly doubled its profits and grew revenue by 9% during Salem’s last full year at the helm. For the 2012 fiscal year, revenue was $6.7 billion, compared to $6.2 billion in 2011. Net income was $1.2 billion, compared to $597 million a year earlier. Salem, meanwhile, received a $9.4 million pay package that included his $800,000 salary, $3.2 million bonus, equity awards valued at $5.3 million, and $98,462 worth of perks and other compensation. His compensation is up 10% compared to 2011, when his package was valued at $8.5 million. Last July, Symantec ousted Salem and Steve Bennett, chairman of Symantec’s board, took over as CEO.

  • Paul Sagan, Akamai CEO and president Sales climbed 19% at Akamai last year, but Sagan’s total compensation was cut by a nearly equal percentage. His package included an $806,175 salary, $1.7 million bonus, and equity awards valued at $7.2 million -- for a total of $9.8 million (down 18% compared to his $11.9 million pay in 2011). The company, meanwhile, reported revenue of $1.4 billion, compared to $1.2 billion in 2011. Net income for 2012 was $204 million, up 1% from $201 million a year earlier.

  • Thorsten Heins, BlackBerry CEO and president Heins, who was promoted to CEO in January 2012, netted a five-fold pay increase in BlackBerry’s 2012 fiscal year. His $10.2 million compensation package (up from $1.9 million in 2011) included a $670,222 salary, equity awards valued at $9.5 million, and perks and other compensation worth $34,419. Revenue at BlackBerry (which changed its name from Research In Motion) was $18.4 billion, down 7% from $19.9 billion in 2011. Net income came in at $1.2 billion, a decline of 66% compared to $3.4 billion a year earlier.

  • Bill Nuti, NCR CEO, president and chairman NCR more than doubled its profits in 2012 and grew revenue by 10%, but Nuti saw his compensation cut by 16%. His $9.8 million package included a $1 million salary, $4.1 million bonus, equity awards valued at $4.5 million, and $175,350 in perks and other compensation. NCR’s revenue for 2012 hit $2.8 billion compared to $2.6 billion in 2011. Net income was $146 million compared to $52 million in 2011.

  • Greg Brown, Motorola Solutions CEO and chairman Brown’s total compensation took a big hit last year, declining 65% to $10.3 million from $29.3 million in the prior year. His 2012 pay included a $1.2 million salary, $3.4 million bonus, equity awards valued at $3.9 million, and $1.8 million in perks and other compensation. Meanwhile, Motorola Solutions reported revenue of $8.7 billion, up 6% compared to $8.2 billion in 2011. Net income fell to $881 million, a decline of 24% compared to $1.2 billion a year earlier.

  • Francisco D'Souza, Cognizant CEO Revenue and income increased by 20% and 19%, respectively, at Cognizant last year, but CEO D'Souza’s pay took a 10% hit. His total compensation was valued at $10.6 million, compared to $11.8 million a year earlier. His 2012 package included a $590,000 salary, $405,780 bonus, equity awards valued at $9.6 million, and $21,687 in perks and other compensation. At the company, revenue increased to $7.4 billion, up from $6.1 billion for 2011. Net income was $1.1 billion, up from $884 million a year earlier.

  • Rich Templeton, Texas Instruments CEO, president and chairman Revenue and income declined last year at Texas Instruments, and Templeton received a 5% pay cut. His $13.3 million pay package included a $1 million salary, $2.7 million bonus, equity awards valued at $9.1 million, and $458,182 worth of perks and other compensation. Texas Instruments’ 2012 revenue fell 7% to 12.8 billion from $13.7 million in the year prior. Net income fell by an even greater percentage, declining 21% to $1.8 billion from $2.2 billion in 2011.

  • John Chambers, Cisco CEO and chairman Chambers received a $4 million cash bonus in fiscal 2012, but it wasn't enough to offset a 41% decline in stock awards. His total compensation, valued at $11.7 million, is down 9% compared to 2011, when his pay package was worth $12.9 million. In addition to the $4 million bonus, Chambers received a $375,000 salary, stock awards valued at $7.3 million, and $11,025 in perks. For its 2012 fiscal year, Cisco reported a 7% revenue gain to $46.1 billion, up from $43.2 billion in 2011. Net income climbed 24% to $8 billion, up from $6.5 billion in the prior year.

  • Shantanu Narayen, Adobe CEO and president Narayen, who has led Adobe since 2007, earned a $12 million pay package last year, up 11% from $10.8 million in 2011. His 2012 compensation included his $893,182 salary, $1.3 million bonus, equity awards valued at $9.7 million, and perks worth $30,747. As a company, Adobe grew revenue by 4% in fiscal 2012 (from $4.2 billion to $4.4 billion), while net income was flat at $833 million.

  • Bob Beauchamp, BMC CEO, president and chairman Beauchamp’s $12.5 million pay package is down 1% from his 2011 compensation. He received a $977,500 salary, $713,440 bonus, equity awards valued at $10.8 million, and $36,229 worth of perks and other compensation during 2012. The company reported revenue of $2.2 billion, up 5% from $2.1 billion in 2011. Net income fell to $401 million, a decline of 12% compared to $456 million a year earlier.

  • Ursula Burns, Xerox CEO and chairman Burns’ compensation slid 1% in 2012 and Xerox’s revenue declined by the same slim percentage. Burns’ $13.1 million pay package included a $1.1 million salary, $1.1 million bonus, equity awards valued at $7.8 million, and perks and other compensation worth $3.1 million. The company reported revenue of $22.4 billion, down 1% from $22.6 billion in 2011. Net income fell to $1.2 billion, a decline of 8% compared to $1.3 billion a year earlier.

  • Mark Templeton, Citrix CEO and president Equity awards valued at $8.9 million boosted Templeton’s 2012 pay package by 31%. His 2012 compensation -- which totaled $10.7 million -- also included an $885,000 salary, $942,644 bonus, and $40,948 in perks and other compensation. The company, meanwhile, grew revenue by 17% but saw income fall 1%. Revenue came in at $2.6 billion, compared to $2.2 billion in 2011. Net income was $353 million, compared to $356 million in the prior year.

  • Pat Gelsinger, VMware CEO Gelsinger joined VMware as CEO in September 2012, a few months before the end of the fiscal year, and he received a $14 million pay package for the year. His compensation included a $286,604 salary, $432,441 bonus, stock awards valued at $13.1 million, and $105,055 in perks and other compensation. For 2012, VMware reported revenue of $4.6 billion, an increase of 22% compared to $3.8 billion in 2011. Net income increased 3% to $746 million, up from $724 million in 2011.

  • Lowell McAdam, Verizon CEO and chairman McAdam’s compensation was slashed by 39% in 2012, even though Verizon made gains in revenue and income during the same time period. His $14 million pay package included a $1.4 million salary, $3.2 million bonus, equity awards valued at $8.8 million, and perks worth $749,045. On the sales front, Verizon’s revenue climbed 4% to $115.8 billion, up from $110.9 billion in 2011. Net income increased 4% to $10.6 billion, compared to $10.2 billion a year earlier.

  • William Brown, Harris CEO and president In his first year as CEO at Harris, Brown earned a $14.3 million compensation package, which included a $535,385 salary, $5.3 million bonus, equity awards valued at $8 million, and $434,997 worth of perks and other compensation. The company, which specializes in IT and communications products for government customers, meanwhile, reported revenue of $5.5 billion, compared to $5.4 billion in 2011. Net income for 2012 came in at $28 million -- just a fraction of the $587 million in income Harris reported in the prior year.

  • Scott McGregor, Broadcom CEO and president McGregor netted a $15.1 million pay package in 2012, down 6% from the $16 million he received the prior year. His compensation included a $932,615 salary, $2.3 million bonus, equity awards valued at $11.8 million, and $5,000 in perks. The company grew revenue by 8% (to $8 billion from $7.4 billion in 2011) during its 2012 fiscal year. Profits are a different story, however. Broadcom’s net income fell 22% to $719 million from $927 million in the prior year.

  • Meg Whitman, HP CEO and president Whitman earned a pay package worth $15.4 million in 2012, despite forfeiting her salary (she opted for a $1 salary). The bulk of her compensation came from equity awards valued at $13.5 million. She also received a $1.7 million bonus and $220,901 in perks and other compensation. Whitman’s total compensation fell 7% compared to her 2011 pay, valued at $16.5 million. HP reported fiscal 2012 revenue of $120.3 billion, which is down 5% compared to $127.2 billion in 2011. Net income was obliterated; HP reported a net loss of $12.7 billion, compared to net income of $7.1 billion in 2011.

  • Michael Dell, Dell CEO and chairman Thanks to stock and option awards valued at $11.8 million, Dell’s compensation nearly quadrupled in 2012. In addition to the equity awards, Dell’s package included a $986,601 salary, $3.3 million bonus, and $14,121 in perks. His 2012 pay totaled $16.1 million, compared to $4.3 million in 2011. The company, meanwhile, reported more modest sales gains in its 2012 fiscal year. Revenue was $62.1 billion, a 1% increase compared to $61.5 billion in 2011. Net income climbed 33% to $3.5 billion, up from $2.6 billion in the prior year.

  • John Coyne, former Western Digital CEO Coyne’s pay package more than doubled to $17.2 million in Western Digital’s 2012 fiscal year, as did the company’s profits. Coyne, who retired in January 2013 after nearly 30 years with the company, received a $1 million salary, $6.8 million bonus, equity awards valued at $9.4 million, and $41,770 in perks and other compensation. Western Digital reported revenue of $12.5 billion, a gain of 31% compared to $9.5 billion in 2011. Net income jumped to $1.6 billion, up from $726 million a year earlier.

  • Ginny Rometty, IBM CEO, president and chairman In her first year as IBM's CEO, Rometty earned a $16.2 million pay package. That's nearly double the compensation Rometty earned in the year before her appointment as Big Blue's chief executive, but less than half that paid to former CEO Sam Palmisano, who remained IBM chairman until October and netted $37.1 million in 2012. Rometty's 2012 compensation package included a $1.5 million salary, $3.9 million bonus, stock awards worth $9.3 million, and $1.5 million in perks and other compensation. In 2012, IBM revenue fell 2% to $104.5 billion from $106.9 billion in 2011. Net income grew to $16.6 billion, a gain of 5% compared to $15.9 billion in 2011.

  • Joe Tucci, EMC CEO and chairman Tucci netted a $16.6 million pay package in 2012, an increase of 25% compared to his 2011 compensation. His package included a $1 million salary, $1.5 million bonus, equity awards valued at $14 million, and $116,545 in perks and other compensation. Last year EMC reported a 9% increase in revenue to $21.7 billion, up from $20 billion in 2011. Net income climbed 11% to $2.9 billion, up from $2.6 billion a year earlier.

  • Glenn Britt, Time Warner Cable CEO and chairman Time Warner Cable increased its revenue 9% to $21.4 billion in 2012 (up from $19.7 billion in 2011) and boosted net income by 30% to $2.2 billion (up from $1.7 billion a year earlier). During the same time period, Britt’s compensation increased 6% to $17.4 million. His pay included a $1.3 million salary, $6.6 million bonus, equity awards valued at $8.8 million, and perks and other compensation worth $654,063

  • Marc Benioff, Salesforce.com CEO and chairman Benioff netted a $17.7 million pay package in 2012, down 15% from the $20.8 million he received the prior year. His compensation included a $1 million salary, $1.5 million bonus, equity awards valued at $14.5 million, and $648,456 in perks and other compensation. The company grew revenue by 37% to $2.3 billion (compared to $1.7 billion in 2011). Profits are a different story, however. Salesforce.com reported a loss of $12 million in 2012. The prior year, net income was $64 million.

  • Paul Otellini, outgoing Intel CEO and president Otellini received a $19 million pay package in 2012, his last full year as Intel CEO. His compensation -- which increased 9% compared to his year-ago pay -- included a $1.2 million salary, $5.2 million bonus, equity awards valued at $11.9 million, and $653,200 in perks and other compensation. Last year Intel reported a 1% decline in revenue to $53.3 billion, down from $54 billion in 2011. Net income took a bigger fall (15%) to $11 billion, down from $12.9 billion a year earlier. Intel’s CEO since 2005, Otellini is set to retire from the company in May.

  • Paul Jacobs, Qualcomm CEO and chairman Jacobs’ $20.7 million pay package is down 5% from his 2011 compensation, but Qualcomm’s sales and profits climbed in the other direction. Jacobs received a $1.2 million salary, $3.4 million bonus, equity awards valued at $15 million, and $1.1 million in perks and other compensation during 2012. The company reported revenue of $19.1 billion, up 28% from $15 billion in 2011. Net income hit $6.1 billion, up 43% from $4.2 billion a year earlier.

  • Randall Stephenson, AT&T CEO and chairman Stephenson’s compensation climbed 1% in 2012, but AT&T made much bigger profit gains during the same time period. His $22.2 million pay package included a $1.6 million salary, $6.1 million bonus, equity awards valued at $12.6 million, and $2 million in perks and other compensation. AT&T reported a 1% increase in revenue ($127.4 billion compared to $126.7 billion in 2011) and an 80% jump in net income ($7.5 billion compared to $4.2 billion) in 2012.

  • Brian Roberts, Comcast CEO, president and chairman Roberts received the biggest salary -- $2.8 million -- among the pay packages Network World examined, and the biggest cash bonus -- $9 million. His total compensation, which climbed 8% to $29.1 million, also included equity awards valued at $9.6 million and $7.7 million in perks and other compensation. For the full year, Comcast’s revenue increased 12% to $62.6 billion (up from $55.8 billion), while income increased 53% to $7.9 billion (up from $5.2 billion).

  • James Crowe, former Level 3 CEO In his last year as CEO, Crowe received a $40.7 million pay package -- more than triple the $11.3 million compensation he earned in 2011. His 2012 pay included a $1.2 million salary, $2.1 million bonus, equity awards valued at $37.1 million, and $397,323 in perks and other compensation. The company, meanwhile, increased revenue by 1% to $6.4 billion (compared to $6.3 billion in 2011). Its net loss narrowed to $422 million, compared to a net loss of $875 million a year earlier. Crowe’s successor is Jeff Storey, who was appointed Level 3’s CEO and president in April 2013.

  • Larry Ellison, Oracle CEO Ellison is back on top of the pay rankings with a package valued at $96.2 million. The bulk of Ellison's compensation -- option awards valued $90.7 million -- is equity based. He also received a $3.9 million bonus and a token $1 salary. On the perks front, Oracle paid $1.5 million to secure Ellison's residence. Ellison's total pay is up 24% compared to 2011, when his compensation was valued at $77.6 million. For its 2012 fiscal year, Oracle increased revenue 4% to $37.1 billion (up from $35.6 billion a year earlier). Net income increased 17% to $10 billion (up from $8.5 billion in 2011).

  • To calculate the value of each CEO’s total pay, we use data from the summary compensation table and supporting details contained in proxy statements filed with the U.S. Securities and Exchange Commission. The following figures are taken from the summary compensation table: salary, bonus, stock awards, option awards, non-equity incentive place compensation, changes in pension value and non-qualified deferred compensation earnings, and all other compensation. The estimated value of equity awards represents the grant date fair value for stock awards and stock options granted during the fiscal year.

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