- Silicon Valley's 19 Coolest Places to Work
- Is Windows 8 Development Worth the Trouble?
- 8 Books Every IT Leader Should Read This Year
- 10 Hot Hadoop Startups to Watch
Network World - EMC's performance in 2010 was the "best in company history," said Joe Tucci, who saw his own compensation climb 37% during the same timeframe.
Tucci, who is chairman, president and CEO of the storage giant, received compensation worth $12.4 million in 2010, up from $9 million in 2009, according to documents filed Thursday with the U.S. Securities and Exchange Commission.
BY COMPARISON: See how much tech CEOs made in 2009
The company, meanwhile, grew revenue and profits by 21% and 75%, respectively, in its 2010 fiscal year ending Dec. 31. Revenue came in at $17 billion, up from $14 billion in 2009. Net income attributable to EMC (which excludes VMware-related income) hit $1.9 billion, up from $1.1 billion in the prior year.
Tucci received a $1 million salary, which is up 15% from the $872,308 salary he received in 2009. He also took home a performance-based cash bonus of $2.6 million, which is more than double the $1.1 million bonus he received in 2009.
The bulk of Tucci's 2010 compensation came in the form of equity awards. He received stock awards valued at $7.4 million at the time they were granted (up 23% from $6 million in 2009) and option awards valued at $1.3 million (up 39% from $962,085 in 2009).
His other compensation and perquisites totaled $151,184, which includes: $134,684 for personal use of company-owned aircraft, $15,000 for financial planning, and $1,500 for matching 401(k) contributions.
Tucci's total pay is calculated using data supplied in a preliminary proxy statement filed with the SEC on March 3. The following figures are taken from the summary compensation table: salary, stock awards, option awards, non-equity incentive place compensation (performance-based cash bonus), 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.
Read more about data center in Network World's Data Center section.