In Pictures: CEO pay. Cash, stock awards, perks ad...
Kevin Kennedy, Avaya CEO and president
Avaya pulled off a $209 million profit swing in 2012, moving from the red to the black, but CEO Kennedy’s compensation took a 66% hit nonetheless. His $1.3 million package included a $1.25 million salary, plus perks valued at $78,648. In 2011, Kennedy earned $3.9 million. For 2012, Avaya reported revenue of $5.2 billion, down 7% compared to $5.5 billion a year earlier. Net income climbed to $115 million from a loss of $94 million in 2011.
In Pictures: CEO pay. Cash, stock awards, perks add up to big pay packages