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Network World - The U.S. tech industry has fared well amid the fiscal doom and gloom, and its economic fortitude is reflected in the jumbo pay packages of some tech CEOs.
The median pay for CEOs at the largest tech companies was $10.6 million in 2012, according to Network World’s analysis of 49 compensation packages. The highest paid CEO in our tally is Oracle’s Larry Ellison, who regained the top spot with a $96.2 million package. The bulk of Ellison’s 2012 compensation -- which is worth $18 million more than he made in 2011 -- was in the form of equity awards valued at $90.7 million.
Other big earners include:
* James Crowe, former Level 3 CEO. In his last full 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, and equity awards valued at $37.1 million.
* Marissa Mayer, who netted a $36.6 million pay package in her first year at the helm of Yahoo. Mayer collected a $454,862 salary, $1.1 million bonus, and equity awards valued at $35 million.
* Comcast CEO Brian Roberts, whose $29.1 million package included the biggest salary ($2.8 million) and largest cash bonus ($9 million) among the pay packages Network World studied. Roberts’ total compensation also included equity awards valued at $9.6 million and $7.7 million in perks and other compensation.
At the other end of the pay spectrum are tech chiefs like Larry Page, who took home only $1. The Google co-founder and CEO reduced his salary to $1 in 2005, and he continues to forgo bonuses and decline new equity awards. (With a net worth of $23 billion, according to Forbes, Page hardly needs the cash.)
Other sub-$2 million CEOs include:
* Microsoft CEO Steve Ballmer, whose $1.3 million compensation included a $685,000 salary and a $620,000 bonus (which is less than half of the $1.37 million bonus for which he was eligible).
* Kevin Kennedy, who pulled off a $209 million profit swing for Avaya in 2012 but nonetheless took a 66% pay cut. Kennedy’s $1.3 million package included a $1.25 million salary, plus perks valued at $78,648.
* Amazon.com CEO Jeff Bezos, whose $1.7 million pay package included his $81,840 salary plus personal security-related perks worth $1.6 million.
* Oscar Rodriguez, who saw his pay package slashed 42% to $1.8 million even though Extreme Networks more than quadrupled its profits in 2012. Rodriguez earned a $550,000 salary, equity awards valued at $1.3 million, and perks worth $21,044.
Among 46 CEOs who held the position a year earlier, 21 got raises, 23 earned less pay, and 2 netted exactly the same compensation.
The biggest pay swing went to Apple CEO Tim Cook, whose pay was valued at a whopping $378 million in 2011 and comparatively trivial $4.2 million in 2012. Apple granted Cook a $376 million “promotion and retention award” in 2011, but there was no such stock award last year.