Executive Compensation: The 10 Highest-Paid Tech Chiefs of 2008

A look at the IT executives who are cashing the biggest paychecks and the reasons why these men (and one woman) earn what they do.

randall_mott_1a-100351021-orig.jpg
http://www.hp.com/hpinfo/execteam/bios/mott.html

Randy Mott

Title:

Company: Hewlett-Packard (Fortune 9)

Total Compensation (2008):

Base Salary: $690,000

Bonus:

Stock Awards: $2,727,079

Option Awards:

Non-Equity Incentive Plan Compensation: $16,068,000

Change in Pension Value and Deferred Compensation:

All Other Compensation: $185,418

Mott's $28 million pay package in 2008 was nearly four times the $7.3 million he earned the prior year. The only HP executive who earned more money than Randy Mott in 2008 was Chairman and CEO Mark Hurd, who banked $42.4 million.

john_rice_2b-100351022-orig.jpg
http://www.ge.com/company/leadership/bios_exec/john_rice.html

John Rice

Title:

Company: GE (Fortune 5)

Total Compensation (2008):

Base Salary: $1,650,000 million

Bonus:

Stock Awards: $3,659,090

Option Awards:

Non-Equity Incentive Plan Compensation: $5,615,400

Change in Pension Value and Deferred Compensation:

All Other Compensation: $261,073

Rice's 2008 strategic and operational goals included driving globalization and launching major new technologies. Despite his achievements, Rice's $2.7 million bonus was 10 percent smaller than his 2007 award.

steve_schukenbrock_3a-100351023-orig.jpg
http://content.dell.com/us/en/corp/viewall/about-dell-executive-team.aspx

Stephen F. Schuckenbrock

Title:

Company: Dell (Fortune 33)

Total Compensation (FY 2009):

Base Salary: $678,365

Bonus:

Stock Awards: $2,306,438

Option Awards:

Non-Equity Incentive Plan Compensation: $522,341

All Other Compensation:

Schuckenbrock has held three different roles, including CIO, in the two-and-a-half years he's worked for Dell. His compensation has grown from $135,758 in 2007 to $3.9 million in 2008 (while he was CIO) to $10.6 million today.

frank_bisignano_4a-100351024-orig.jpg
http://people.forbes.com/profile/frank-j-bisignano/46646

Frank. J. Bisignano

Title:

Company: J.P. Morgan Chase & Co.

Total Compensation (2008):

Base Salary: $500,000

Bonus:

Stock Awards: $4,128,159

Option Awards:

Change in Pension Value and Deferred Compensation: $13,132

Bisignano oversees technology, operations, real estate and human resources. The technology and operations functions were called out in J.P. Morgan's 2009 proxy statement for helping the company manage "unprecedented market disruptions and trading volumes in 2008." Bisignano was credited with, among other things, increasing efficiencies and lowering costs.

john_stankey_5ab-100351025-orig.jpg
http://www.att.com/gen/investor-relations?pid=9816

John T. Stankey

Title:

Company: AT&T (Fortune 8)

Total Compensation (2008):

Base Salary: $825,000

Bonus:

Stock Awards: $3,937,285

Option Awards:

Non-Equity Incentive Plan Compensation: $150,000

Change in Pension Value and Deferred Compensation:

All Other Compensation: $130,101

Stankey is responsible for network operations, technology planning, IT, and shared services for AT&T's wireless and wired networks. His bonus recognizes his effort to cut costs in AT&T's telephone business and a 40 gigabit IP backbone conversion.

linda_gooden_6ab-100351026-orig.jpg
http://www.lockheedmartin.com/aboutus/bios/gooden.html

Linda R. Gooden

Title:

Company: Lockheed Martin (Fortune 54)

Total Compensation (2008):

Base Salary: $591,154

Bonus:

Stock Awards: $316,961

Option Awards:

Non-Equity Incentive Plan Compensation: $697,375

Change in Pension Value and Deferred Compensation:

All Other Compensation: $234,375

According to Lockheed Martin's 2009 proxy statement, Gooden was rewarded for her operational performance, for bringing on new business and for integrating businesses.

robert_derodes_7abc-100351027-orig.jpg
http://www.firstdata.com/about/executive_biographies/bobderodes.htm

Robert DeRodes

Title:

Total Compensation (2008): $4,836,618

Base Salary:

Bonus: $0

Stock Awards:

Option Awards: ($144,954)

Non-Equity Incentive Plan Compensation:

Change in Pension Value and Deferred Compensation: $0

All Other Compensation:

Though DeRodes left Home Depot in September 2008, he was named in the retailer's 2009 proxy statement for his 2008 compensation. Home Depot's earnings were so bad that year that none of the executives named in the proxy statement received performance bonuses.

david_kepler_abc-100351028-orig.jpg
http://www.dow.com/corpgov/leader/kepler.htm

David Kepler

Title:

Total Compensation (2007): $4,672,827

Base Salary:

Bonus: $42,776

Stock Awards:

Option Awards: $1,316,376

Non-Equity Incentive Plan Compensation:

Change in Pension Value and Deferred Compensation: $429

All Other Compensation:

Kepler's ongoing recognition for leadership in IT was an "important factor in determining his compensation," according to Dow's 2008 proxy statement. Who says IT doesn't matter?

edward_rapp_9ab-100351029-orig.jpg
http://www.cat.com/cda/components/fullArticle?m=37466&x=7&id=166913

Edward J. Rapp

Title:

Total Compensation (2008): $3,544,374

Base Salary:

Bonus: $10,000

Stock Awards:

Option Awards: $1,365,517

Non-Equity Incentive Plan Compensation:

Change in Pension Value and Deferred Compensation: $312,921

All Other Compensation:

Rapp oversees Caterpillar's financial products, building construction products, legal services, global finance and strategic support, and global information services divisions. Rapp was recognized in part for "significantly" improving the building construction products' overall quality metrics and for lowering the division's inventory levels.

steven_hinchman_10abc-100351030-orig.jpg
http://www.exproevent.com/images/smallspk/Hinchman.jpg

Steven B. Hinchman

Title:

Total Compensation (2008): $712,658

Base Salary:

Bonus: $600,000

Stock Awards:

Options Awards: ($1,593,006)

Non-Equity Incentive Plan Compensation:

Change in Pension Value and Deferred Compensation: $327,765

All Other Compensation:

Hinchman's total compensation in 2008 paled in comparison to the $4.3 million he earned in 2007 as SVP of worldwide production. His total compensation was low because he lost nearly $1.6 million on his options awards.

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