Inside CEO paychecks

Who got raises, who took cuts, and who knocked Larry Ellison off his perch as highest paid tech CEO.

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1 ceo pay

2014 CEO pay

There’s a new player at the top of our CEO pay tally, and his $85.8 million pay package far exceeds the $67.3 million Oracle paid Larry Ellison -- who often ranked the highest-paid tech CEO. In the middle of the pack of 50 tech CEOs, median pay was $11.5 million last year. At the low end, just two tech CEOs opted for token $1 salaries. (Slides are arranged from lowest- to highest-paid CEO. For details on how total compensation is calculated, see the last slide.)

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Larry Page

Larry Page, CEO, Google

Page voluntarily opted for nominal cash compensation, as he has since 2004, and declined any new equity awards. (With a net worth of more than $29 billion, it’s not hard to imagine why.)

Salary: $1

Dominic Orr

Dominic Orr, CEO, president and chairman, Aruba Networks

Orr made less than $1 million last year – a rarity among the tech CEOs in our tally. His 2014 pay was up 50% compared to a year earlier, when he earned $650,647.

Salary: $400,000
Stock awards: $577,200
Perks and other compensation: $540
TOTAL: $977,740

Philip Pead

Philip Pead, CEO and president, Progress Software

Pead’s compensation took a 77% dive last year as the value of new equity awards plummeted. In 2014, he received stock awards worth $2.5 million. In 2013, his stock awards were valued at $12.7 million. Pead’s total pay package came in at $3.3 million, compared to $14.2 million in 2013.

Salary: $650,000
Stock awards: $2,537,218
Perks and other compensation: $103,678
TOTAL: $3,290,896

Jim Whitehurst

Jim Whitehurst, CEO and president, Red Hat

Whitehurst’s cash bonus was nearly double the amount he received in 2013, but the value of his equity awards declined. His total compensation was $6.7 million, a decline of 7% compared to $7.2 million in 2013.

Salary: $800,000
Bonus: $1,205,630
Stock awards: $4,678,954
Perks and other compensation: $7,968
TOTAL: $6,692,552

Tom Leighton

Tom Leighton, CEO, Akamai

Just $3 in cash went to Leighton, whose $7.5 million compensation package was entirely equity-based. Akamai’s CEO took a $1 salary and $2 bonus in 2013, too.

Salary: $1
Bonus: $2
Stock awards: $7,499,986
TOTAL: $7,499,989

James Bidzos

James Bidzos, CEO, president and chairman, VeriSign

The value of Bidzos’ 2014 compensation was down 10% compared to 2013, when he received $8.5 million.

Salary: $752,885
Bonus: $885,000
Stock awards: $5,999,948
Perks and other compensation: $15,032
TOTAL: $7,652,865

William Brown

William Brown, CEO, president and chairman, Harris

Harris Corp. upped Brown’s pay package by 22% last year to $7.8 million. Despite the bump, his compensation was well below the $14.3 million he received in 2012 (the year Brown received a $4.5 million cash sign-on bonus).

Salary: $921,154
Bonus: $1,604,252
Stock awards: $2,547,275
Option awards: $2,203,452
Perks and other compensation: $571,249
TOTAL: $7,847,382 

Mark Templeton

Mark Templeton, CEO and president, Citrix

A 31% pay cut brought Templeton’s compensation down to $7.9 million last year (compared to $11.5 million in 2013). Less valuable equity awards accounted for the $3.6 million difference in pay .

Salary: $900,000
Bonus: $965,412
Stock awards: $5,993,263
Perks and other compensation: $24,939
TOTAL: $7,883,614

Rami Rahim

Rami Rahim, CEO, Juniper

Rahim – who joined Juniper in 1997, as employee No. 32 -- took over as CEO in November 2014, just weeks before the close of the company’s fiscal year. His 2014 pay package reflected his former role as EVP in charge of the company's product and technology portfolio.

Salary: $773,958
Bonus: $969,655
Stock awards: $6,160,532
Perks and other compensation: $6,390
TOTAL: $7,910,535

Greg Brown

Greg Brown, CEO and chairman, Motorola Solutions

Brown’s $8 million pay package was worth 37% less than his 2013 compensation, valued at $12.6 million. Performance-based cash bonuses explain the pay cut: Brown received a $558,370 bonus in 2014, compared to $6.2 million a year earlier.

Salary: $1,287,500
Bonus: $558,370
Stock awards: $1,848,923
Option awards: $3,916,657
Change in pension value: $23,912
Nonqualified deferred compensation earnings: $2,101
Perks and other compensation: $331,669
TOTAL: $7,969,132

John McAdam

John McAdam, CEO and president, F5 Networks

CEO since 2000, McAdam is set to turn over the reins in July to incoming CEO Manny Rivelo. McAdam received an $8.1 million pay package in 2014, which was down 1% compared to his 2013 pay.

Salary: $813,263
Bonus: $1,124,272
Stock awards: $6,202,098
Perks and other compensation: $4,109
TOTAL: $8,143,742 

Michael Gregoire

Michael Gregoire, CEO, CA

Gregoire received an $8.3 million pay package in 2014, his first full year as CA’s CEO. He joined CA in the fourth quarter of the company’s 2013 fiscal year.

Salary: $1,000,000
Bonus: $1,108,500
Stock awards: $3,228,921
Option awards: $1,865,899
Perks and other compensation: $1,140,902
TOTAL: $8,344,222

Alain Monie

Alain Monie, CEO, Ingram Micro

Monie netted $8.4 million last year, a cut of 32% compared to his $12.3 million pay package in 2013. Monie’s equity-based compensation took the biggest hit ($5.5 million vs. $9.9 million the prior year).

Salary: $992,307
Bonus: $1,857,599
Stock awards: $4,400,009
Option awards: $1,099,999
Perks and other compensation: $32,309
TOTAL: $8,382,223

Pat Gelsinger

Pat Gelsinger, CEO, VMware

Gelsinger’s compensation was slashed 39% from a year earlier, when he received a $14 million pay package. A $5.5 million swing in the value of equity awards accounts for the difference. 

Salary: $925,000
Bonus: $1,322,274
Stock awards: $3,819,670
Option awards: $2,423,179
Perks and other compensation: $49,497
TOTAL: $8,539,620

Tom Georgens

Tom Georgens, CEO and president, NetApp

Georgens received an $8.6 million pay package in 2014. That’s a 36% raise for Georgens, who received a $6.3 million package in 2013.

Salary: $942,500
Bonus: $1,244,100
Stock awards: $2,476,275
Option awards: $3,909,560
Perks and other compensation: $5,140
TOTAL: $8,577,575 

Tim Cook

Tim Cook, CEO, Apple

Cook’s $9.2 million pay package is more than double the $4.3 million he received in 2013, and none of it came in the form of equity grants. Instead, it’s all about cash – including a $1.7 million salary and a $6.7 million bonus tied to company performance.

Salary: $1,748,462
Bonus: $6,700,000
Perks and other compensation: $774,176
TOTAL: $9,222,638

bill nuti

Bill Nuti, CEO, president and chairman, NCR

Nuti’s performance-based cash bonus was $2 million less in 2014 than it was in 2013, which led to a 17% pay cut for NCR’s CEO. He received $9.3 million last year, compared to an $11.2 million pay package a year earlier. Last year, 42% of Nuti’s pay came in the form of cash.

Salary: $1,000,000
Bonus: $2,888,154
Stock awards: $4,999,999
Perks and other compensation: $396,744
TOTAL: $9,284,897

Lloyd Carney

Lloyd Carney, CEO, Brocade

A threefold increase in cash earnings helped boost Carney’s compensation by 21%. He received a $10.1 million pay package last year, compared to $8.3 million in 2013. Carney’s salary increased to $800,000 (up from $639,394) and his performance-based bonus climbed to $1.9 million (up from $600,000). Carney was appointed CEO in January 2013.

Salary: $800,000
Bonus: $1,861,440
Stock awards: $6,148,050
Option awards: $1,262,459
Perks and other compensation: $3,000
TOTAL: $10,074,949 

edward coleman

Edward Coleman, former CEO and chairman, Unisys

Coleman’s 2014 pay package, valued at $10.1 million, was more than double the $3.7 million he received in 2013. Coleman, who was ousted from Unisys in October of last year, received termination payments of $3.5 million from the company, which drove up the value of his compensation.

Salary: $969,490
Bonuses: $707,687
Stock awards: $3,354,144
Option awards: $1,575,567
Perks and other compensation: $3,513,984
TOTAL: $10,120,872

Jeff Storey

Jeff Storey, CEO and president, Level 3 Communications

Cash bonuses worth $3 million helped give Storey’s compensation a 35% boost to $10.9 million. A year earlier, his pay package was valued at $8 million.

Salary: $978,846
Bonuses: $3,000,000
Stock awards: $6,644,000
Perks and other compensation: $228,015
TOTAL: $10,850,861

19 ceo pay

Brian Krzanich, CEO, Intel

Krzanich’s $11.2 million pay package was up 17% compared to the $9.6 million received in 2013 – but still shy of the $15.9 million he netted in 2012 (Krzanich was Intel’s COO in 2012, before being appointed CEO in May 2013). A hefty 39% of Krzanich’s pay came in the form of cash.

Salary: $1,000,000
Bonuses: $3,354,900
Stock awards: $6,658,700
Perks and other compensation: $183,800
TOTAL: $11,197,400

Joe Tucci

Joe Tucci, CEO and chairman, EMC

Tucci’s $11.2 million pay package was down 11% from his 2013 package, which was valued at $12.6 million.

Salary: $1,000,000
Bonus: $1,307,021
Stock awards: $8,415,112
Perks and other compensation: $481,186
TOTAL: $11,203,319 

Stephen Milligan

Stephen Milligan, CEO and president, Western Digital

Milligan’s $11.3 million compensation was down slightly (just 2%) compared to his $11.6 million package in 2013. Milligan rejoined Western Digital as president in March 2012 and was appointed CEO in January 2013.

Salary: $1,050,000
Bonuses: $1,748,250
Stock awards: $6,307,313
Option awards: $2,177,257
Perks and other compensation: $7,742
TOTAL: $11,290,562

Francisco D'Souza

Francisco D'Souza, CEO, Cognizant

There was little change to D'Souza’s compensation last year – his $11.3 million package was nearly identical to his $11.3 million tally in 2013.

Salary: $626,000
Bonus: $511,705
Stock awards: $10,178,101
Perks and other compensation: $17,257
TOTAL: $11,333,063 

sanjay mehrotra

Sanjay Mehrotra, CEO and president, SanDisk

Mehrotra’s 2014 compensation, valued at $11.5 million, was up 8% compared to 2013, when he received $10.6 million

Salary: $1,028,846
Bonus: $1,875,000
Stock awards: $4,661,875
Option awards: $3,748,988
Perks and other compensation: $184,254
TOTAL: $11,498,963

Stephen Smith

Stephen Smith, CEO and president, Equinix

A 13% raise boosted Smith’s compensation to $11.5 million, up from $10.2 million a year earlier.

Salary: $804,231
Bonus: $1,012,500
Stock awards: $9,688,500
Perks and other compensation: $7,800
TOTAL: $11,513,031

Lisa Su

Lisa Su, CEO and president, AMD

Su's $11.7 million pay package was triple the $3.6 million she received in 2013. Just 10% of her compensation was in the form of cash.

Salary: $656,823
Bonuses: $548,135
Stock awards: $7,821,727
Option awards: $2,707,576
Perks and other compensation: $13,811
TOTAL: $11,748,072

William Taylor Rhodes

William Taylor Rhodes, CEO and president, Rackspace

A promotion to CEO yielded a fivefold pay increase for newly appointed Rhodes, who earned $2.3 million in 2013.

Salary: $566,519
Bonus: $535,550
Stock awards: $10,949,912
Option awards: $449,998
Perks and other compensation: $868
TOTAL: $12,502,847

48 ceo pay

Steve Bennett, former CEO and president, Symantec

Severance pay made up a sizable portion of Bennett’s 2014 pay package, valued at $13.1 million (he received $13 million a year earlier).

Salary: $1,004,312
Stock awards: $8,272,725
Perks and other compensation: $3,822,742
TOTAL: $13,099,779

26 ceo payb

Glen Post, CEO and president, CenturyLink

Post netted at pay package valued at $13.1 million -- a 46% boost compared to his $9 million package in 2013.

Salary: $1,100,000
Bonus: $1,597,200
Stock awards: $9,581,227
Change in pension value: $745,535
Perks and other compensation: $107,486
TOTAL: $13,131,448

Mike Lawrie

Mike Lawrie, CEO and president, CSC

Lawrie’s pay was slashed 38% in 2014. His total compensation, valued at $13.3 million, was down from $21.3 million a year earlier.

Salary: $1,250,000
Bonus: $2,182,500
Stock awards: $5,929,207
Option awards: $3,582,098
Perks and other compensation: $323,390
TOTAL: $13,267,195

Ursula Burns

Ursula Burns, CEO and chairman, Xerox

A 41% raise drove Burns’ pay to $14.5 million in 2014, up from $10.2 million in 2013. Last year, she received stock awards valued at $7.8 million. In 2013, none of her compensation was in the form of equity awards.

Salary: $1,100,000
Bonus: $1,980,000
Stock awards: $7,750,004
Change in pension value and nonqualified deferred compensation earnings: $3,438,054
Perks and other compensation: $187,302
TOTAL: $14,455,360

Rich Templeton

Rich Templeton, CEO, president and chairman, Texas Instruments

Templeton received $15 million last year, a gain of 10% compared to $13.7 million a year earlier.

Salary: $1,107,083
Bonus: $3,618,941
Stock awards: $4,900,030
Option awards: $4,900,004
Change in pension value: $199,552
Perks and other compensation: $318,084
TOTAL: $15,043,694 

Kevin Kennedy

Kevin Kennedy, CEO and president, Avaya

For the second year in a row, Kennedy netted a serious raise. His 2014 pay package, valued at $15.7 million, is up 75% compared to $9 million a year earlier (in 2013 his pay more than quadrupled from $1.3 million in 2012). More than half of his 2014 pay was in cash, thanks to a $1.3 million salary and $7.5 million in bonuses.

Salary: $1,250,000
Bonuses: $7,460,938
Stock awards: $2,250,000
Option awards: $4,704,000
Perks and other compensation: $41,996
TOTAL: $15,706,934

Scott McGregor

Scott McGregor, CEO and president, Broadcom

McGregor's pay was up 3% compared to 2013, when he earned $15.9 million.

Salary: $983,769
Bonus: $1,880,000
Stock awards: $13,582,442
Perks and other compensation: $5,200
TOTAL: $16,451,411

John Chambers

John Chambers, CEO and chairman, Cisco

Chambers’ compensation totaled $16.5 million in 2014. His pay package took a 22% hit compared to 2013, when he earned $21 million. (Cisco named sales executive Chuck Robbins to be its next CEO, replacing Chambers, who held the title for 20 years.)

Salary: $1,100,000
Bonus: $2,500,000
Stock awards: $12,876,709
Perks and other compensation: $11,475
TOTAL: $16,488,184 

Brad Smith

Brad Smith, CEO and president, Intuit

A $4 million raise boosted Smith’s pay package 33% to $16.5 million, up from $12.5 million in 2013.

Salary: $1,000,000
Bonus: $1,890,000
Stock awards: $10,172,624
Option awards: $3,475,845
Perks and other compensation: $10,000
TOTAL: $16,548,469

Shantanu Narayen

Shantanu Narayen, CEO and president, Adobe

Narayen’s pay package grew 14% last year, climbing to $17.9 million (up from $15.7 million in 2013).

Salary: $991,667
Bonus: $1,433,950
Stock awards: $15,426,445
Perks and other compensation: $38,856
TOTAL: $17,890,918

Paul Ricci

Paul Ricci, CEO, Nuance

Two years in a row Ricci has seen his compensation slashed. A 39% cut brought his 2014 pay package down to $17.9 million (his compensation was valued at $29.2 million in 2013 and $37.1 million in 2012).

Salary: $800,000
Bonus: $600,000
Stock awards: $16,412,235
Perks and other compensation: $127,521
TOTAL: $17,939,756

Lowell McAdam

Lowell McAdam, CEO and chairman, Verizon

McAdam's 2014 total pay was up 16% compared to 2013, when his compensation package was valued at $15.8 million.

Salary: $1,580,769
Bonus: $3,800,000
Stock awards: $12,000,052
Change in pension value: $29,965
Nonqualified deferred compensation earnings: $45,682
Perks and other compensation: $850,041
TOTAL: $18,306,509

viginiarometty

Virginia Rometty, CEO, president and chairman, IBM

A $3.6 million cash bonus helped push Rometty’s 2014 pay package to $19.3 million – a gain of 39% compared to a year earlier, when her compensation was valued at $14 million.

Salary: $1,500,000
Bonus: $3,600,000
Stock awards: $12,460,409
Change in retention plan and pension values: $1,402,725
Perks and other compensation: $381,991
TOTAL: $19,345,125 

Meg Whitman

Meg Whitman, CEO, president and chairman, HP

Whitman’s 2014 pay package was valued at $19.6 million, a gain of 11% compared to $17.6 million in 2013. Thirty percent of her pay came in the form of cash, including her $1.5 million salary and $4.3 million performance-based bonus.

Salary: $1,500,058
Bonus: $4,314,000
Stock awards: $8,147,637
Option awards: $5,355,075
Perks and other compensation: $295,394
TOTAL: $19,612,164

Randall Stephenson

Randall Stephenson, CEO, president and chairman, AT&T

A 3% raise brought Stephenson’s compensation to $24 million last year (up from $23.2 million in 2013). One-quarter of his pay came in the form of cash, including his $1.7 million salary and $4.4 million bonus.

Salary: $1,691,667
Bonus: $4,350,000
Stock awards: $14,248,893
Change in pension value: $3,055,478
Nonqualified deferred compensation earnings: $150,799
Perks and other compensation: $487,478
TOTAL: $23,984,315 

Marc Benioff

Marc Benioff, CEO and chairman, Salesforce.com

A $9.2 million raise brought Benioff’s to $31.3 million – a 42% spike compared to $22.1 million in 2013. More than 90% of his compensation was in the form of option awards.

Salary: $1,200,000
Bonus: $1,686,600
Option awards: $27,662,644
Perks and other compensation: $784,088
TOTAL: $31,333,332

Brian Roberts

Brian Roberts, CEO, president and chairman, Comcast

Roberts received both the highest salary ($2.9 million) and the largest cash bonus ($9 million) among the pay packages examined. His total pay, valued at $33 million, was up 5% compared to 2013, when he received $31.4 million.

Salary: $2,857,315
Bonus: $9,000,542
Stock awards: $5,253,700
Option awards: $5,350,925
Nonqualified deferred compensation earnings: $6,495,491
Perks and other compensation: $4,003,083
TOTAL: $32,961,056 

marissa mayer

Marissa Mayer, CEO, Yahoo

A 69% pay boost brought Mayer's compensation up to $42.1 million in 2014. A year earlier, she received a $24.9 million pay package. Mayer's salary was unchanged and her cash bonus was smaller in 2014 than it was in 2013. The gains came from stock and option awards.

Salary: $1,000,000
Bonus: $1,108,800
Stock awards: $11,752,355
Option awards: $28,194,288
Perks and other compensation: $28,065
TOTAL: $42,083,508

Steve Mollenkopf

Steve Mollenkopf, CEO, Qualcomm

Making the leap from COO to CEO yielded a fourfold pay increase for Mollenkopf, who earned a pay package valued at $60.7 million last year (compared to $14.3 million in 2013, when he was Qualcomm’s COO).

Salary: $1,069,239
Bonus: $1,550,000
Stock awards: $58,000,203
Perks and other compensation: $121,150
TOTAL: $60,740,592

43 ceo pay

Larry Ellison, former CEO, Oracle

Ellison is no longer Oracle’s CEO and no longer the top earner in our compensation tally (a rank he held for many of the past several years). For his final full year as CEO, Ellison’s fiscal 2014 pay package was valued at $67.3 million, down 16% from $79.6 million in 2013. Nearly all of his compensation came in the form of stock options.

Salary: $1
Bonus: $741,384
Option awards: $64,979,600
Perks and other compensation: $1,540,266
TOTAL: $67,261,251

Satya Nadella

Satya Nadella, CEO, Microsoft

Nadella’s pay spiked during his first full year as Microsoft CEO. His 2014 compensation package was worth $84.3 million, compared to $7.7 million in 2013.

Salary: $918,917
Bonus: $3,600,000
Stock awards: $79,777,109
Perks and other compensation: $12,729
TOTAL: $84,308,755 

John Chen

John Chen, CEO and executive chair, BlackBerry

The highest-paid CEO on our tally, Chen was appointed CEO in November 2013. Nearly all of his $85.8 million compensation came in the form of stock awards.

Salary: $326,374
Bonus: $653,846
Stock awards: $84,773,000
TOTAL: $85,753,220

ceo closing art

Where the numbers come from

To calculate the value of each CEO’s total pay, we use data from the summary compensation table and supporting details contained in proxy statements filed with the U.S. Securities and Exchange Commission. The following figures are taken from the summary compensation table: salary, bonus, stock awards, option awards, non-equity incentive place compensation, changes in pension value and non-qualified deferred compensation earnings, 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.