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

Matthew Szulik retired as Red Hat's CEO and president effective Jan. 1, 2008, but remains chairman. In the company's 2008 fiscal year, which ended Feb. 29, he earned a $558,332 salary; $589,363 performance-based cash bonus; $69,220 in perks and other compensation; and stock and option awards worth an estimated $4 million at the time they were granted. The company, meanwhile, grew its revenue and profits by 31% and 28%, respectively, in fiscal '08. For the full year, total revenue was $523 million, up from $400 million in the prior year. Net income jumped to $76.7 million, up from $59.9 million.
Slideshow republished with permission from Network World. (View original version.)