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

Edgar Masri departed 3Com on April 29 of last year, just one month before the company's 2008 fiscal year ended on May 30. His pay package for 2008 included his $617,500 salary, $325,000 performance-based cash bonus, and $1.78 million in other compensation. It's a huge drop from 2007, when Masri's pay package was valued at $22.1 million. Meanwhile, 3Com widened its losses in fiscal '08. The company incurred a net loss of $228.8 million, compared with a net loss in 2007 of $88.6 million. Revenue came in at $1.29 billion compared to 2007 revenue of $1.27 billion, a gain of 2%.
Slideshow republished with permission from Network World. (View original version.)