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

Mark Hurd's 2008 compensation included a $1.45 million salary, $5.34 million bonus, $18.6 million in performance-based cash bonus, and $738,392 in other compensation (including $255,872 for security services and systems and $135,734 for personal aircraft usage). Hurd (who plans to take a 20% salary cut in 2009) also collected stock and option awards valued at $7.9 million when they were granted. His total package was up 31% from 2007, when he received compensation valued at $26 million. HP, too, saw solid gains in its 2008 fiscal year (ended Oct. 31). HP's revenue hit $118.4 billion, an increase of 13% over the $104.3 billion reported a year earlier. Net income came in at $8.3 billion, up 15% from $7.3 billion in fiscal '07.
Slideshow republished with permission from Network World. (View original version.)