Slideshow

In Pictures: 10 CEOs who took drastic pay cuts

Median CEO pay climbed 9% to $13.9 million last year, but some tech leaders saw their pay slashed.

  • Spectacular pay raises keep widening the gap between what CEOs earn and what average workers take home. But not all CEOs got a raise last year. We examined 62 tech CEOs’ compensation -- including salary, bonuses, stock awards, and perks -- and found 10 who took big cuts.

  • Dick Costolo CEO, Twitter Dick Costolo’s compensation took the most extreme nosedive, percentage-wise. The Twitter CEO was paid $130,250 in 2013, down from $11.5 million the previous year -- a 99% plunge. In 2012, the bulk of his earnings came from stock and options awards. In 2013 (Twitter’s IPO year), he didn’t receive any additional stock awards or a bonus. In addition, Costolo’s annual salary was reduced to $14,000.

  • Dominic Orr CEO, president and chairman, Aruba Networks Dominic Orr received stock awards valued at $250,007 but no new option awards in 2013. A year earlier, he’d been granted stock awards valued at $6.5 million and option awards worth $2 million. His salary stayed flat at $400,000.

  • Mark Zuckerberg CEO, Facebook With a net worth of $28 billion or so, Mark Zuckerberg can afford to see his modest compensation slashed by more than half. In 2013, he received a $1 salary and $650,164 for costs related to personal use of private aircraft. His $650,165 tally is down 67% from a year earlier, when he received a $503,205 salary, $266,101 bonus and $1.2 million in airline perks.

  • William Brown CEO and president, Harris The leader of telecommunications equipment company Harris saw his pay cut by more than half last year. William Brown received $14.3 million in 2012, the year he was hired, including a one-time $4.5 million sign-on bonus, $1 million performance-based bonus, and $8 million in stock and options awards. In 2013, his bonus pay decreased to $1 million and his equity awards were valued at $4.1 million. Brown’s total pay in 2013 was valued at $6.4 million, a decline of $7.9 million, or 55%.

  • Brian Krzanich CEO, Intel Paul Otellini’s successor at Intel, Brian Krzanich, was appointed CEO in mid-2013. Krzanich, who was COO at Intel before becoming CEO, saw his total compensation drop by $6.3 million, or 40%, that year he took the reins. His salary increased (to $887,500 from $700,000) and his bonus also grew (to $1.9 million from $1.8 million). The drop in total pay was due to a decrease in equity awards. In 2013, Krzanich received stock and option awards valued at $6.6 million, compared to $13.2 million a year earlier. Krzanich’s total pay in 2013 was valued at $9.6 million.

  • Marissa Mayer CEO, Yahoo Despite an $11.7 million pay cut, Marissa Mayer still managed to rank among the highest paid tech CEOs in the U.S. The top exec at Yahoo received a pay package valued at $24.9 million in 2013, down from $36.6 million a year earlier. Mayer’s 2013 pay included a $1 million salary (up from $454,862 in 2012), $1.7 million bonus (up from $1.1 million), and stock and option awards valued at $22.2 million (down from $35 million).

  • Jeff Storey CEO and president, Level 3 Communications A $3 million cut brought Jeff Storey’s pay down to $8 million in 2013 -- the year he ascended from the role of COO to CEO. His salary increased to $857,692 last year (up from $650,000 in 2012) and he earned $3 million in cash bonuses (up from $1.1 million). The drop in total pay was due to a decrease in equity awards. In 2013, Storey received stock and option awards valued at $4.1 million, compared to $9.2 million a year earlier.

  • Joe Tucci CEO and chairman, EMC Joe Tucci’s $1 million salary is unchanged from a year earlier, and his perks increased in value to $309,079 (up from $116,545 in 2012). A decline in equity awards accounts for the biggest loss in pay for EMC’s CEO, who has led the company for 13 years. Tucci’s stock and option awards were valued at $10.1 million last year, compared to $14 million in 2012. His bonus fell to $1.3 million, compared to $1.5 million in 2012. Tucci’s total pay in 2013 was valued at $12.6 million, a decline of 24% from the $16.6 million he received a year earlier.

  • Paul Ricci CEO, Nuance Paul Ricci, CEO of speech recognition company Nuance Communications, made 21% less in 2013 than he did the prior year, yet he still landed a pay package worth $29.2 million -- enough to be included in our ranking of top-paid tech CEOs. Ricci’s 2013 compensation included his $800,000 salary (virtually unchanged from 2012), $300,000 bonus (down from $1.2 million), stock awards valued at $27.9 million (down from $34.9 million), and $226,829 in perks and other compensation (up from $183,881).

  • Larry Ellison CEO, Oracle Like Yahoo’s Marissa Mayer and Nuance’s Paul Ricci, Larry Ellison appears on two of our lists: highest paid tech CEOs and most drastic CEO pay cuts. He’s the highest paid tech CEO with a 2013 package valued at $78.4 million. He also took the biggest pay cut by dollar amount -- a whopping $17.7 million loss -- among all the CEOs analyzed. The bulk of the pay cut is due to a decrease in the value of option awards granted, which fell to $76.9 million in 2013 compared to $90.7 million a year earlier. Ellison also declined a $1.2 million bonus; in 2012 he received a $4 million bonus.

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