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

John Chambers' 2008 pay package included a $375,000 salary, $3 million performance-based cash bonus, and $9,087 in other compensation—but the bulk of it came from stock and option awards worth an estimated $8.9 million when they were awarded. Chambers' package fell roughly 4% from fiscal '07, when he received compensation valued at $12.8 million. The company, meanwhile, saw bigger gains in its 2008 fiscal year, which ended July 26. Cisco reported revenue of $39.5 billion, a gain of 13% over the $34.9 billion recorded a year earlier. Net income hit $8.1 billion, up 10% from $7.3 billion in fiscal '07.
Slideshow republished with permission from Network World. (View original version.)