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

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.

Company: GE (Fortune 5)

Base Salary: $1,650,000 million

Stock Awards: $3,659,090

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

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.

Company: Dell (Fortune 33)

Base Salary: $678,365

Stock Awards: $2,306,438

Non-Equity Incentive Plan Compensation: $522,341

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.

Company: J.P. Morgan Chase & Co.

Base Salary: $500,000

Stock Awards: $4,128,159

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.

Company: AT&T (Fortune 8)

Base Salary: $825,000

Stock Awards: $3,937,285

Non-Equity Incentive Plan Compensation: $150,000

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.

Company: Lockheed Martin (Fortune 54)

Base Salary: $591,154

Stock Awards: $316,961

Non-Equity Incentive Plan Compensation: $697,375

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.

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

Bonus: $0

Option Awards: ($144,954)

Change in Pension Value and Deferred Compensation: $0

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.

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

Bonus: $42,776

Option Awards: $1,316,376

Change in Pension Value and Deferred Compensation: $429

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?

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

Bonus: $10,000

Option Awards: $1,365,517

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

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.

Total Compensation (2008): $712,658

Bonus: $600,000

Options Awards: ($1,593,006)

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

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.