Post by cena2020 on Jun 22, 2012 4:45:51 GMT -5
The year 2008 has been a tough one for businesses across sectors. With global economy in tatters, it has been one of the tumultuous period for most companies since Great Depression of 1930s. In fact, cost cutting can be called the mantra of businesses globally. As companies went on an overdrive to save costs, technology spending became one of the biggest casualty, hitting both technology companies and techies.
In such an environment how much scissors ran on the pay packets of the men who are incharge of technology in some of the biggest companies globally. CIO.com recently compiled a list of highest paid tech executives based on the proxy statements filed by Fortune 55 companies with the SEC.
And, since most CIOs (chief information officers) aren't not listed on their company's proxy statements due to their not being not among the top brass, the list in several cases has executives who are though not CIO by title but oversee corporate IT as part of their broader responsibilities.
Here's the list of the 10 highest-paid Tech Chiefs of 2008.
Randy Mott, HP
[image]
Topping the list of highest-paid chiefs is Randy Mott, EVP and CIO of Hewlett-Packard. He earned a total compensation of $28,290,329 in the year 2008. His base salary is estimated $690,000 and he got a bonus of $7,070,958. His 2008 pay package was approximately four times what he earned in the year 2007 ($7.3 million).
Mott is also the second most highest-paid executive in HP after Chairman and CEO Mark Hurd who got $42.4 million. Mott's stock awards amounted to $2,727,079 while option awards were $1,547,907. His non-equity incentive plan compensation amounted to $16,068,000. Other compensations were $185,418.
John Rice, GE Technology
[image]
Vice Chairman, President and CEO of GE Technology Infrastructure, John Rice is the second highest-paid tech chief on the list.
Rice's total compensation for the year 2008 stood at $18,811,815 with his base salary at $1,650,000 million. He also got a bonus of $2,700,00 million and stock awards of $3,659,090. However, Rice's bonus saw a 10 per cent cut vis-a-vis the bonus received by him in 2007.
His non-equity incentive amounted to $5,615,400 and other benefits to $261,073.
Stephen F Schuckenbrock, Dell
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Demir
In such an environment how much scissors ran on the pay packets of the men who are incharge of technology in some of the biggest companies globally. CIO.com recently compiled a list of highest paid tech executives based on the proxy statements filed by Fortune 55 companies with the SEC.
And, since most CIOs (chief information officers) aren't not listed on their company's proxy statements due to their not being not among the top brass, the list in several cases has executives who are though not CIO by title but oversee corporate IT as part of their broader responsibilities.
Here's the list of the 10 highest-paid Tech Chiefs of 2008.
Randy Mott, HP
[image]
Topping the list of highest-paid chiefs is Randy Mott, EVP and CIO of Hewlett-Packard. He earned a total compensation of $28,290,329 in the year 2008. His base salary is estimated $690,000 and he got a bonus of $7,070,958. His 2008 pay package was approximately four times what he earned in the year 2007 ($7.3 million).
Mott is also the second most highest-paid executive in HP after Chairman and CEO Mark Hurd who got $42.4 million. Mott's stock awards amounted to $2,727,079 while option awards were $1,547,907. His non-equity incentive plan compensation amounted to $16,068,000. Other compensations were $185,418.
John Rice, GE Technology
[image]
Vice Chairman, President and CEO of GE Technology Infrastructure, John Rice is the second highest-paid tech chief on the list.
Rice's total compensation for the year 2008 stood at $18,811,815 with his base salary at $1,650,000 million. He also got a bonus of $2,700,00 million and stock awards of $3,659,090. However, Rice's bonus saw a 10 per cent cut vis-a-vis the bonus received by him in 2007.
His non-equity incentive amounted to $5,615,400 and other benefits to $261,073.
Stephen F Schuckenbrock, Dell
-----------------------------
Demir