CEO Pay: Big Bucks for Tech's Chief Executives

Salaries, bonuses, perks and stock awards added up to big pay packages for tech CEOs in 2008.

By Ann Bednarz, Network World

Ron Hovsepian's $6.9 million compensation package included a $912,214 salary; $2 million bonus; stock and option awards valued at $3.84 million; and $137,014 in other compensation. His total compensation for the fiscal year ended Oct. 31 was down 5% from the $7.3 million he earned in 2007. While the value of Hovsepian's compensation package fell, Novell managed to grow revenue 3% during 2008 and narrow its overall losses. For the full fiscal year 2008, Novell recorded a net loss of $9 million on revenue of $957 million. In 2007, the company lost $44 million on revenue of $932 million.
Slideshow republished with permission from Network World. (View original version.)