10 biggest CEO pay raises

Which tech leaders received the most generous pay hikes in 2013?

CEO salaries
Credit: Stephen Sauer

Avaya CEO Kevin Kennedy got a fivefold pay increase last year. Sprint more than quadrupled Dan Hesse’s package. Which other tech CEOs saw dramatic pay jumps in 2013? We examined 62 tech CEOs’ total compensation -- including salary, bonuses, stock awards, and perks -- and found 10 who landed the biggest raises.

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Kevin Kennedy
Credit: Stephen Sauer

Kevin Kennedy
CEO and president, Avaya

Percentage-wise, Kevin Kennedy’s raise is the most jaw dropping at 454%. His $7.4 million compensation was more than five times the value of his 2012 pay, which came in at $1.3 million. The dollar amount difference is slightly more than $6 million. Kennedy’s 2013 pay package included his $1.3 million salary, $3.2 million in bonuses, stock awards valued at $2.6 million, and $17,571 in perks and other compensation. In 2012, Avaya didn’t give any equity awards or cash bonuses to Kennedy.

Dan Hesse
Credit: Stephen Sauer

Dan Hesse
CEO and president, Sprint

By dollar amount, Dan Hesse’s raise blows away that of any other tech CEO. His 2013 pay package, worth $49.1 million, was nearly $38 million more than what he made a year earlier ($11.1 million). The difference is due to a giant grant of restricted stock and options awards -- valued at a combined $34.1 million at the time they were granted. The Sprint CEO’s total package also included a $1.2 million salary, $13.4 million bonus, and $372,078 in perks and other compensation.

Thomas Richards
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Thomas Richards
CEO, president and chairman, CDW

Thomas Richards, the head of CDW, saw his pay nearly double last year, spiking from $3.2 million in 2012 to $6.3 million in 2013. Richards’ total compensation included his $793,779 salary, $1.2 million bonus, option awards valued at $2.4 million, $266,204 attributed to non-qualified deferred compensation earnings, and $1.6 million in perks and other compensation.

John Chambers
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John Chambers
CEO and chairman, Cisco

An 80% raise boosted John Chambers’ compensation above $21 million last year. In 2012, the Cisco CEO received $11.7 million. The biggest gains came in the form of stock awards valued at $15.2 million (compared to $7.3 million in 2012). Chambers also received a $4.7 million cash bonus, and his salary rose from $375,000 in 2012 to $1.1 million in 2013.

Alain Monié
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Alain Monié
CEO, Ingram Micro

Alain Monié’s compensation was fairly consistent from 2012 to 2013 -- with one $5 million exception. His total pay in 2013 included his $876,923 salary (compared to $840,501 a year earlier), $1.4 million bonus (down from $1.6 million), stock awards valued at $5 million (up from $4.5 million), and $23,813 in perks and other compensation (compared to $34,169 in 2012). The big difference is an additional grant of option awards, valued at $5 million. The year before, Ingram Micro didn’t grant any option awards to Monié.

Jerry Kennelly
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Jerry Kennelly
CEO and chairman, Riverbed

A jump in stock awards drove up Jerry Kennelly’s 2013 compensation, which was valued at $12.8 million. A year earlier, Riverbed’s CEO received $8 million. Kennelly’s 2013 pay included his $750,000 salary (up from $650,000), $751,853 bonus (up from $568,399), and stock awards valued at $11.3 million (up from $6.8 million in 2012).

Sanjay Mehrotra
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Sanjay Mehrotra
CEO and president, SanDisk

A 60% raise -- largely in the form of a cash bonus -- brought Sanjay Mehrotra’s total pay up to $10.6 million last year. In 2012, the chief exec and co-founder of flash storage maker SanDisk received $6.7 million. Mehrotra’s 2013 package included his $946,134 salary (up from $880,769); $3.1 million bonus (up from $661,500); stock awards valued at $3.2 million (up from $2.4 million); option awards valued at $3.3 million (up from $2.7 million); and $100,218 in perks and other compensation.

John McAdam
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John McAdam
CEO and president, F5

Last year delivered a $3 million boost for John McAdam, CEO of application delivery specialist F5. His 2013 pay package, valued at $8.3 million, included his $817,636 salary, $897,196 bonus, and stock awards valued at $6.5 million (up from $3.8 million a year earlier). In 2012, McAdam received a $5.2 million pay package.

James Bidzos
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James Bidzos
CEO, president and chairman, Verisign

Verisign boosted James Bidzos’ pay by 46% last year, with the gains showing up primarily in his bonus and equity awards. In 2013, Bidzos received $8.5 million, which included his $752,885 salary, $957,750 bonus (up from $593,550), and equity awards valued at $6.8 million (up from $4.5 million in 2012). In 2012, his pay was $5.9 million.

Shantanu Narayen
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Shantanu Narayen
CEO and president, Adobe

A 31% raise drove Shantanu Narayen’s compensation up to $15.7 million last year. A year earlier, he made $12 million. His total package included a $941,667 salary, $1.6 million bonus, and $19,211 in perks and other compensation. Narayen also received stock awards valued at $13.1 million. That’s where he made the biggest gains; a year earlier, his equity awards were valued at $9.7 million.