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

Edward Mueller's 2008 package included his $1.2 million salary; $2.25 million performance-based cash bonus; $990,502 in other compensation (including $493,781 in corporate aircraft usage); and stock and option awards valued at $6.9 million dollars. His total compensation is down 35% from 2007, when Mueller—who joined Qwest in August 2007—received a pay package valued at $17.4 million. Also down are Qwest's financial numbers: the company reported revenue of $13.5 billion in the year ended Dec. 31, down 2% from $13.8 billion reported in 2007. Net income plunged 77% to $681 million in 2008 from $2.9 billion reported in the year earlier.
Slideshow republished with permission from Network World. (View original version.)