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

The bulk of Jonathan Schwartz's pay package was in stock and option awards valued at $9 million at the time they were awarded. He also received a $1 million salary, $1.04 million performance-based cash bonus, and $58,366 in other compensation. His package was up 44% from fiscal 2007, when he received compensation valued at $7.7 million. Sun's corporate performance didn't match Schwartz's gains, however. For its 2008 fiscal year, which ended June 30, Sun reported revenue of $13.88 billion, an increase of 0.1% over the $13.87 reported in fiscal '07. Net income fell 15% to $403 million, down from $473 million.
Slideshow republished with permission from Network World. (View original version.)