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Network World - Before the new year rolls in, we're recapping the tech industry's top earners, biggest CEO bonuses, fattest raises, priciest perks and smallest salary earners, calculated from our analysis of 36 tech companies' 2011 proxy statements.
Oracle's Larry Ellison topped our tally with a $70.1 million pay package for his company's 2010 fiscal year. Four other tech CEOs took home compensation packages worth more than $20 million in 2010. They are: Apple's former interim and now current CEO Tim Cook ($59.1 million); outgoing IBM CEO Sam Palmisano ($31.7 million); AT&T chief Randall Stephenson ($27.3 million); and former HP CEO Mark Hurd ($23.9 million). [See also: "What do top CIOs make?"]
Few tech CEOs saw their cash bonuses shrink in 2010. Most got bigger -- and some by a lot. IBM's Palmisano earned a cash bonus of $9 million, which is nearly double the $4.8 million bonus he received in 2009. Oracle's Ellison ($6.5 million) and AT&T's Stephenson ($5.1 million) each got more than $5 million in cash. Other tech CEOs who got cash bonuses worth $2 million or more include: Cisco's John Chambers ($4.6 million), Sprint Nextel's Dan Hesse ($4.4 million), Verizon's Ivan Seidenberg ($3.9 million), Symantec's Enrique Salem ($3.1 million), EMC's Joe Tucci ($2.6 million), BMC's Robert Beauchamp ($2.2 million), Adobe's Shantanu Narayen ($2.2 million), NetApp's Tom Georgens ($2 million) and Juniper's Kevin Johnson ($2 million).
Apple's Cook saw the most extreme pay increase: from $1.6 million in 2009 to $59.1 million in 2010. NetApp's Georgens got a $9.9 million raise, which boosted his compensation to $12.5 million, and Motorola Mobility CEO Sanjay Jha got a $9.2 million raise, which increased his pay package to $13 million. Other tech CEOs who got giant raises include Adobe's Narayen ($7.2 million raise, $12.2 million pay package); CenturyLink's Glen Post ($7.1 million raise, $14.6 million pay package); IBM's Palmisano ($7.4 million raise, $31.7 million pay package); Motorola Solutions' Greg Brown ($5.2 million raise, $13.7 million pay package); Symantec's Salem ($4.8 million raise, $9 million pay package); and Cisco's Chambers ($4.7 million raise, $18.9 million pay package).
Oracle's Ellison collected $1.5 million in perks, the bulk of which went to security-related costs for his residence ($1,478,600). Other CEOs who racked up the perks are: IBM's Palmisano, who received $1.1 million in compensation extras (including $311,288 for personal use of company-owned aircraft, $55,465 for personal security and a $14,031 tax reimbursement); AT&T's Stephenson ($417,410 worth of perks, including $77,182 for personal use of company aircraft, $30,504 for home security, $28,991 for auto benefits, $15,174 for club memberships and $14,000 for financial counseling); Motorola Mobility's Jha ($388,623 worth of perks, including $186,189 for personal use of company aircraft, $61,243 for temporary housing, $50,633 for personal use of a car and driver, $25,348 for legal fees and $55,159 for tax gross-ups); and Motorola Solutions' Brown ($237,919 worth of perks, including $133,530 for personal use of company aircraft, $16,748 for personal use of a car and driver and $26,849 for tax gross-ups).