Ursula Burns, Xerox CEO and chairman
Xerox’s net income more than doubled in 2011, yet Burns’ compensation took a 2% dip. Her $12.9 million pay package included a $1.1 million salary; $990,000 bonus; equity awards valued at $7.5 million; $3.2 million attributed to change in pension value and nonqualified deferred compensation earnings; and perks and other compensation valued at $123,537. As for Xerox, the company’s revenue increased 5% to $22.6 billion, up from $21.6 billion in 2010. Net income doubled to $1.3 billion, up from $637 million in the prior year.