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

Verizon posted solid increases in income (up 16% to $6.4 billion) and revenue (up 4.2% to $97.4 billion) for its fiscal year ended Dec. 31, but Ivan Seidenberg's total compensation in 2008 declined slightly compared to his 2007 package, which amounted to nearly $20.4 million. Seidenberg's '08 compensation included a $2.1 million salary, $3.7 million bonus, $13.1 million in stock and option awards, $946,754 in perks (including $143,489 for personal use of a company aircraft), and $322,862 in deferred compensation earnings.
Slideshow republished with permission from Network World. (View original version.)