Who are tech's 50 highest paid CEOs?

Oracle’s Larry Ellison was finally ousted from the top spot on the list of highest paid tech execs

Oracle's Larry Ellison has been the highest paid tech chief on our list each year since Network World started tracking CEO compensation, but his $77.6 million pay package was bested by another tech CEO's enormous windfall in 2011. Of the 50 compensation packages we examined, just two were worth less than $1 million and 12 topped $20 million.

To calculate the value of each CEO's total pay, we use data from the summary compensation table and supporting details contained in proxy statements filed with the U.S. Securities and Exchange Commission. The following figures are taken from the summary compensation table: salary, bonus, stock awards, option awards, non-equity incentive place compensation, changes in pension value and non-qualified deferred compensation earnings, and all other compensation. The estimated value of equity awards represents the grant date fair value for stock awards and stock options granted during the fiscal year.

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Read on to find out which tech CEOs made the most in 2011.

50. Larry Page, Google CEO
Compensation: $1

Page became CEO in April of last year, and he continued to draw only a $1 salary. In 2010 he received a holiday bonus worth $1,785, but he didn't get one in 2011 -- which is why his pay took a big plunge, percentage wise, when it dropped from $1,786 to $1. Nor did he participate in Google's executive bonus plan or equity programs. (Of course, Page isn't going hungry. Thanks to his stash of Google stock, his net worth is pegged at about $18.7 billion.) As a company, Google grew revenue by 29 percent in 2011 (from $29.3 billion to $37.9 billion) and increased its net income by 14 percent (from $8.5 billion to $9.7 billion).

49. Dominic Orr, Aruba Networks CEO, president and chairman
Compensation: 933,429
Aruba upped its revenue from $267 million in 2010 to $397 million in 2011, and turned a loss of $34 million into a $71 million gain in net income. During the same time period, Orr's compensation more than doubled from $400,000 in fiscal 2010 to $933,429 in fiscal 2011. His pay included a $400,000 salary, equity awards valued at $525,001 and perks worth $8,428.

48. Steve Ballmer, Microsoft CEO and director
Compensation: $1.4 million
Ballmer received compensation valued at $1.38 million in 2011, prompting the company to say he's underpaid compared to his peers. Ballmer's total package is up 2 percent compared to 2010, when he received $1.35 million. Ballmer's 2011 pay package included a $682,500 salary, $685,500 bonus (half of the $1.37 million bonus he was eligible to receive), and a modest $11,915 in perks. At his own request, Ballmer didn't receive any stock awards or option awards. The company, meanwhile, grew revenue and income by 12 percent and 23 percent, respectively, in its 2011 fiscal year. Revenue came in at $69.9 billion, up from $62.5 billion in 2010. Net income hit $23.2 billion, up from $18.8 billion in the prior year.

47. Paul Maritz, VMware CEO
Compensation: $1.6 million
VMware more than doubled its profits in 2011 and grew revenue by 32 percent, yet Maritz saw his compensation cut by more than half. He received a $750,000 salary and $815,625 bonus, but no equity awards (in 2010 his package included stock awards valued at $3.9 million). VMware's revenue for 2011 hit $3.8 billion compared to $2.9 billion in 2010. Net income was $724 million compared to $357 million in 2010.

46. Jeff Bezos, Amazon.com
Compensation: $1.7 million
CEO Bezos' $1.7 million pay package -- which is equal to his 2010 compensation -- included his $81,840 salary plus personal security-related perks worth $1.6 million. Amazon's revenue came in at $48.1 billion, which is up 41 percent compared to $34.2 billion in 2010. Net income, however, took a fall, plunging 45 percent to $631 million in 2011 compared to $1.2 billion in 2010.

45. Oscar Rodriquez, Extreme Networks CEO and president
Compensation: $3.2 million
Rodriguez took the helm of Extreme Networks in August 2010, and in his first year as CEO, he netted a pay package worth $3.2 million. It included a $473,140 salary, $886,435 bonus, equity awards valued at $1.7 million, and perks and other compensations worth $97,714. The company, meanwhile, reported an 8 percent revenue gain to $334 million in fiscal 2011, up from $309 million a year earlier. Net income took a big leap to $2.7 million, up from $227,000 in 2010.

44. Michael Klayko, Brocade CEO
Compensation: $4 million
Klayko, who has led Brocade since 2005, earned a $4 million pay package last year, down 16 percent from $4.8 million in 2010. His 2011 compensation included a $760,096 salary, $1.2 million bonus, equity awards valued at $2 million, and $6,855 worth of perks and other compensation. As a company, Brocade grew revenue by 3 percent in 2011 (from $2.09 billion to $2.15 billion), while net income plunged by 56 percent (from $117 million to $51 million).

43. Michael Dell, Dell CEO and chairman
Compensation: $4.3 million
Bonuses worth $3.4 million boosted Dell's 2011 pay package more than fourfold. (In 2010, at his own request, Dell didn't receive any incentive-based bonuses.) His 2011 compensation also included a $950,000 salary and perks worth $13,373. The company, meanwhile, grew revenue and income by 16 percent and 84 percent, respectively, in its 2011 fiscal year. Revenue came in at $61.5 billion, up from $52.9 billion in 2010. Net income hit $2.6 billion, up from $1.4 billion in the prior year.

42. Jim Balsillie, former RIM co-CEO
Compensation: $5.1 million
In his final full year as co-CEO of Research In Motion, Balsillie took home a $5.1 million pay package, which included a $1.2 million salary, $1.2 million bonus, equity awards valued at $2.7 million, and perks and other compensation worth $23,363. His total pay is up 12 percent from 2010, when he received $4.6 million. Balsillie and his former co-CEO, Mike Lazaridis, were ousted in early 2012, when Thorsten Heins was named president and CEO. Balsillie remains a member of RIM's board and Lazaridis is vice chair.

41. Mike Lazaridis, former RIM co-CEO
Compensation: $5.1 million
Lazaridis also netted a $5.1 million pay package (identical to that of Jim Balsillie) in RIM's 2011 fiscal year, which ended Feb. 26, 2011. During that same time period, RIM reported a 33 percent revenue gain to $19.9 billion, up from $15 billion in 2010. Net income climbed 39 percent to $3.4 billion, up from $2.5 billion in 2010.

40. Greg Spierkel, former Ingram Micro CEO
Compensation: $7 million
Spierkel, who retired early this year, received a $7 million pay package in his final full year as CEO at Ingram Micro. His 2011 compensation included an $850,000 salary, $1.6 million bonus, equity awards valued at $4.6 million, and perks and other compensation worth $22,350. During its 2011 fiscal year, Ingram Micro increased revenue by 5 percent to $36.3 billion, up from $34.6 billion in 2010. Net income, however, fell 23 percent to $244 million, down from $318 million a year earlier.

39. John Coyne, Western Digital CEO
Compensation: $7 million
CEO compensation was flat at Western Digital in 2011, but revenue declined 3 percent and net income took at 47 percent hit. Coyne's $7 million pay package included a $978,846 salary, $4.3 million bonus, equity awards worth $1.7 million, and $43,250 worth of perks and other compensation. The company reported $9.5 billion revenue in fiscal 2011, down from $9.9 billion in 2010. Net income fell to $726 million from $1.4 billion a year earlier.

38. Jim Whitehurst, Red Hat CEO and president
Compensation: $7.4 million
Whitehurst's compensation climbed just 1 percent in 2011, but Red Hat made much bigger gains in revenue and income during the same time period. His $7.4 million pay package included a $750,000 salary, $1.1 million bonus, equity awards valued at $5.5 million, and perks worth $5,539. On the sales front, Red Hat's revenue climbed 22 percent to $909 million, up from $748 million in 2010. Net income increased 23 percent to $107 million, compared to $87 million a year earlier.

37. John McAdam, F5 CEO and president
Compensation: $7.7 million
McAdam's pay took a 13 percent hit, but F5's revenue and profit soared in the opposite direction. His $7.7 million pay package included a $687,119 salary, $613,051 bonus, equity awards valued at $6.4 million, and $600 in perks. As for the company, revenue and income increased by 31 percent and 60 percent, respectively, in F5's 2011 fiscal year. Revenue came in at $1.2 billion, up from $882 million in 2010. Net income hit $241 million, up from $151 million in the prior year.

36. Bill McCracken, CA CEO
Compensation: $8 million
A boost in equity awards led to a more than doubling of McCracken's compensation in 2011. His $8 million pay package for 2011 included a $1 million salary, $1.3 million bonus, stock and option awards valued at $5.5 million, and $214,091 worth of perks and other compensation. CA, meanwhile, saw revenue climb to $4.4 billion, up 5 percent from $4.2 billion in 2010. Net income hit $823 million, up 8 percent from $759 million a year earlier.

35. Mark Templeton, Citrix CEO and president
Compensation: $8.2 million
Templeton's $8.2 million pay package is down 1 percent from his 2010 compensation, but Citrix's sales and profits climbed in the other direction. He received a $862,500 salary, $956,532 bonus, equity awards valued at $6.3 million, and $19,355 worth of perks and other compensation during 2011. The company reported revenue of $2.2 billion, up 18 percent from $1.9 billion in 2010. Net income hit $356 million, up 29 percent from $277 million a year earlier.

34. Tom Georgens, NetApp CEO and president
Compensation: $8.3 million
The value of Georgens' 2011 options awards is half that of last year's grants, driving his total compensation down by one-third. His $8.3 million package for 2011 included an $861,539 salary, $2.2 million bonus, equity awards valued at $5.3 million, and $672 in perks. NetApp, meanwhile, reported revenue of $5.1 billion for a gain of 30 percent compared to $3.9 billion in 2010. Net income hit $673 million, a gain of 68 percent compared to $400 million a year earlier.

33. Enrique Salem, Symantec CEO and president
Compensation: $8.5 million
Salem netted an $8.5 million pay package in 2011, down 6 percent from the $9 million he received the prior year. Salem received a 20 percent salary boost to $750,000, up from $625,000 in 2010. His bonus increased significantly, too, climbing 38 percent to $4.3 million, up from $3.1 million last year. But his equity awards took a big hit. Salem received stock awards valued at $1.7 million (down from $2.4 million) and option awards valued at $1.7 million (down from $2.9 million). The company grew revenue by 3 percent (from $6 billion in 2010 to $6.2 billion in 2011) during its 2011 fiscal year. Profits are a different story, however. Symantec's net income fell 16 percent to $597 million from $714 million in the prior year.

32. Glen Post, CenturyLink CEO and president
Compensation: $8.6 million
CenturyLink's net income and Post's total compensation plunged by nearly the same percentage in 2011. Post's $8.6 million pay package (down 41 percent from $14.6 million) included a $1 million salary, $1.2 million bonus, equity awards valued at $4.7 million, and perks and other compensation worth $1.6 million. The company's revenue more than doubled to $15.4 billion from $7 billion in 2010, while net income dropped to $573 million, down 40 percent from $948 million in 2010.

31. Dirk Meyer, former AMD CEO and president
Compensation: $8.8 million
Meyer resigned from AMD in January of last year, just 10 days into the company's new fiscal year. In that short time, Meyer netted an $8.8 million compensation package, which included $83,623 in salary payments plus $8,680,658 in perks and other compensation -- the bulk of which is payment received as part of his separation agreement with AMD. Rory Read, AMD's current CEO and president, took the reins in August 2011.

30. Jerry Kennelly, Riverbed CEO, president and chairman
Compensation: $9 million
Riverbed co-founder Kennelly netted a $9 million pay package in 2011, an increase of 73 percent compared to his 2010 compensation. His package included a $565,000 salary, $923,161 bonus, equity awards valued at $7.5 million, and $576 in perks. Last year Riverbed reported a 32 percent jump in revenue to $726 million, up from $552 million in 2010. Net income took a big leap (88 percent) to $64 million, up from $34 million a year earlier.

29. Kevin Johnson, Juniper CEO
Compensation: $10.7 million
Johnson's 2011 pay package included a $960,000 salary, $754,320 bonus, equity awards valued at $9 million, and $13,233 in perks. His total compensation, valued at $10.7 million, is up 7 percent from 2010, when he netted $10 million. Juniper's revenue came in at $4.4 billion, which is up 9 percent compared to $4.1 billion in 2010. Net income, however, took a fall, plunging 31 percent to $425 million in 2011 compared to $619 million in 2010.

28. Shantanu Narayen, Adobe CEO and president
Compensation: $10.8 million
Adobe grew revenue and net income by 11 percent and 7 percent, respectively, in 2011, but Narayen's compensation took an 11 percent hit. His $10.8 million pay package included his $896,434 salary, $1.2 million bonus, equity awards valued at $8.7 million, and $30,373 in perks and other compensation. Adobe's revenue climbed to $4.2 billion in 2011 from $3.8 billion in 2010, and net income increased to $833 million from $775 million.

27. Bill Nuti, NCR CEO, president and chairman
Compensation: $11.7 million
Nuti's $11.7 million pay package -- which is down 4 percent compared to his 2010 compensation -- included a $1 million salary, $4.3 million bonus, equity awards valued at $6.3 million, and $129,189 worth of perks and other compensation. NCR's revenue hit $5.4 billion, which is up 13 percent compared to $4.8 billion in 2010. Net income, however, plunged to $52 million, a 62 percent decline compared to $137 million in 2010.

26. Francisco D'Souza, Cognizant CEO and president
Compensation: $11.8 million
D'Souza's compensation climbed 5 percent in 2011, but Cognizant made much bigger gains in revenue and income during the same time period. His $11.8 million pay package included a $566,500 salary, $908,248 bonus, equity awards valued at $10.3 million, and $1,500 in perks. The company reported $6.1 billion in revenue, a gain of 33 percent compared to $4.6 billion in 2010. Net income hit $884 million in 2011, up 20 percent from $734 million a year earlier.

25. Paul Sagan, Akamai CEO and president
Compensation: $11.9 million
Sagan just about doubled his pay package last year, netting $11.9 million in 2011 compared to $6 million in 2010. His compensation included a $756,843 salary, $119,988 bonus, and equity awards valued at $11 million. As a company, Akamai grew revenue by 13 percent in 2011 (from $1 billion to $1.2 billion), while net income climbed 18 percent (from $171 million to $201 million).

24. Dan Hesse, Sprint Nextel CEO and president
Compensation: $11.9 million
Hesse received a 31 percent pay boost in 2011, a year that saw Sprint Nextel grow revenue by 3 percent and narrow its net loss. His $11.9 million pay package included a $1.2 million salary, $5.7 million bonus, equity awards valued at $4.9 million, and $94,289 in perks and other compensation. During 2011, Sprint Nextel reported revenue of $33.7 billion compared to $32.6 billion in 2010. The company reported a net loss of $2.9 billion compared to a net loss of $3.5 billion in 2010.

23. Michael Laphen, former CSC CEO, president and chairman
Compensation: $12.5 million
Laphen's compensation took a 19 percent hit in the company's 2011 fiscal year, during which time CSC's revenue inched up 1 percent to $16 billion and net income fell 9 percent to $759 million compared to a year earlier. Laphen's $12.5 million pay package included a $1.1 million salary, $1.3 million bonus, equity awards valued at $7.3 million, and perks and other compensation worth $2.8 million. CSC's 2011 fiscal year ended in April, well before Laphen announced his retirement in October. He's succeeded by Mike Lawrie, who began his post as CSC's president and CEO on March 19, 2012.

22. Bob Beauchamp, BMC CEO and president
Compensation: $12.7 million
Beauchamp's $12.7 million compensation package included a $950,000 salary, $2.9 million bonus, equity awards valued at $8.8 million, and $18,814 in perks. Last year BMC reported $2.1 billion in revenue, a gain of 8 percent compared to $1.9 billion in its 2010 fiscal year. Net income hit $456 million, a gain of 12 percent compared to $406 million a year earlier.

21. John Chambers, Cisco CEO and chairman
Compensation: $12.9 million
Chambers received compensation valued at $12.9 million in Cisco's 2011 fiscal year, a period when the company restructured operations, shuttered its Flip videocam business and eliminated more than 12,000 jobs. His total pay package --which is down 32 percent compared to 2010, when he received $18.9 million -- included a $375,000 salary and equity awards valued at $12.5 million (half of which was forfeited). As a company, Cisco grew sales but saw net income drop in its 2011 fiscal year. Revenue hit $43.2 billion, a gain of 8 percent compared to $40 billion in 2010. Net income totaled $6.5 billion, which is down 16 percent from $7.8 billion in the prior year.

20. Ursula Burns, Xerox CEO and chairman
Compensation: $12.9 million
Xerox's net income more than doubled in 2011, yet Burns' compensation took a 2 percent 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 percent 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.

19. Joe Tucci, EMC CEO, president and chairman
Compensation: $13.2 million
Tucci's compensation climbed 6 percent in 2011, but EMC made bigger gains in revenue and income during the same time period. His $13.2 million pay package included a $1 million salary, $2.1 million bonus, equity awards valued at $10 million, and $131,523 in perks and other compensation. EMC achieved 18 percent revenue growth (from $17 billion in 2010 to $20 billion in 2011) and a 32 percent jump in net income (from $2 billion in 2010 to $2.6 billion in 2011).

18. Rich Templeton, Texas Instruments CEO, president and chairman
Compensation: $14.1 million
Revenue and income declined last year at Texas Instruments, but Templeton received a 15 percent pay boost. His $14.1 million pay package included a $990,087 salary, $2.8 million bonus, equity awards valued at $9.9 million, and $403,987 worth of perks and other compensation. Texas Instruments' 2011 revenue fell 2 percent to $13.7 million from $14 billion in the year prior. Net income fell by an even greater percentage, declining 31 percent to $2.2 billion from $3.2 billion in 2010.

17. Rory Read, AMD CEO and president
Compensation: $15.6 million
Read, who was named AMD CEO in August 2011, netted a $15.6 million pay package in his first five months at the helm. His compensation included $353,847 in salary payments, a $1.5 million bonus, equity awards valued at $13.7 million, and $25,823 in perks. In 2011, AMD reported $6.6 billion in revenue, up 1 percent from $6.5 billion in 2010. Net income hit $491 million, up 4 percent from $471 million a year earlier.

16. Scott McGregor, Broadcom CEO and president
Compensation: $16.1 million
Broadcom's net income fell by 14 percent in 2011, yet McGregor saw his compensation grow by 78 percent thanks to a significant increase in equity awards. His $16.1 million pay package included an $858,077 salary, $1.8 million bonus, stock awards valued at $13.4 million, and $5,146 in perks. Broadcom's revenue increased by 8 percent, climbing to $7.4 billion in 2011 from $6.8 billion in 2010. Net income fell 14 percent to $927 million, compared to $1.1 billion in the prior year.

15. Glenn Britt, Time Warner Cable CEO and chairman Time Warner
Compensation: $16.4 million
Cable's CEO since 2001, Britt received a $16.4 million pay package in 2011, including a $13 million salary, $7.2 million bonus, equity awards valued at $7.4 million, and perks and other compensation worth $551,366. His compensation declined by 6 percent in 2011, a year that saw the company's revenue increase 4 percent to $19.7 billion (compared to $18.9 billion in 2010). Net income grew by an even greater percentage, climbing 27 percent to $1.7 billion (compared to $1.3 billion in the prior year).

14. Meg Whitman, HP CEO and president
Compensation: $16.5 million
In her first six weeks at the helm of HP, Whitman netted a $16.5 million pay package, including her $1 salary, option awards valued at $16.1 million, and perks and other compensation worth $372,598. Whitman's predecessor, Leo Apotheker, lasted just 11 months as HP's CEO but departed with a pay package worth nearly double ($30.4 million) the value of Whitman's compensation. Whitman was named HP's CEO in September of last year, just weeks before the close of the company's 2011 fiscal year on Oct. 31.

13. Paul Otellini, Intel CEO and president
Compensation: $17.5 million
Otellini's $17.5 million pay package grew 12 percent in 2011, a period when the company grew revenue and net income by 24 percent and 13 percent, respectively. His compensation included a $1.1 million salary, $6.5 million bonus, equity awards valued at $9.1 million, and $794,500 in perks and other compensation. Intel, meanwhile, reported $54 billion in revenue, up from $43.6 billion in 2010. Net income climbed to $12.9 billion, up from $11.5 billion in the prior year.

12. Marc Benioff, Salesforce.com CEO and chairman
Compensation: $20.8 million
Last year was a good one for Benioff, whose $20.8 million pay package -- which is more than double his $9.1 million compensation in 2010 -- included a $900,000 salary, $900,000 bonus, and equity awards valued at $19 million. During the same time period, Salesforce.com's revenue increased 27 percent to $1.7 billion, compared to $1.3 billion in 2010. Net income, however, took a fall, declining 21 percent to $64 million in 2011 compared to $81 million in 2010.

11. Paul Jacobs, Qualcomm CEO and chairman
Compensation: $21.7 million
Qualcomm upped its revenue by 36 percent (from $11 billion to $15 billion) and increased net income by 31 percent (from $3.2 billion to $4.2 billion) in 2011. During the same time period, Jacobs' compensation increased by 23 percent to $21.7 million. His pay included a $1.2 million salary, $5.5 million bonus, equity awards valued at $14.3 million, and $742,288 in perks and other compensation.

10. Randall Stephenson, AT&T CEO, president and chairman
Compensation: $22 million
AT&T grew revenue by 2 percent in 2011 (from $124.3 billion in 2010 to $126.7 billion), while net income plunged by 79 percent (from $20.2 billion to $4.2 billion). In the same year, Stephenson's total compensation fell 19 percent to $22 million. His pay package included a $1.6 million; $3.8 million bonus; equity awards valued at $12.8 million; $3.3 million attributed to change in pension value and nonqualified deferred compensation earnings; and $555,353 in perks and other compensation.

9. Lowell McAdam, Verizon CEO and chairman
Compensation: $23.1 million
Last year saw a giant jump in compensation for McAdam, who served as Verizon's president and COO before being named CEO on Aug. 1, 2011. His $23.1 million pay package included a $1.4 million salary, $2.4 million bonus, equity awards valued at $18.8 million, and $607,900 in perks and other compensation. Meanwhile, Verizon's 2011 revenue hit $110.9 billion, up 4 percent from $106.6 billion in 2010. Net income was essentially flat, coming in at $10.2 billion.

8. Ivan Seidenberg, former Verizon CEO and chairman
Compensation: $26.5 million
In his final year as CEO of Verizon, Seidenberg received compensation worth $26.5 million, including a $2.1 million salary, $3.5 million bonus, equity awards valued at $19.5 million, and $1.3 million in perks and other compensation. Seidenberg stepped down as CEO last August and retired at the end of 2011, when he resigned from his chairman position.

7. Brian Roberts, Comcast CEO, president and chairman
Compensation: $26.9 million
Roberts saw his compensation fall 13 percent in 2011, yet he still netted $26.9 million. His pay package included a $2.8 million salary; $5.5 million bonus; equity awards valued at $11.6 million; $3.7 million attributed to change in pension value and nonqualified deferred compensation earnings; and $3.4 million in perks and other compensation. At the company, revenue increased 47 percent to $55.8 billion (up from $38 billion in 2010), and net income climbed 41 percent to $5.2 billion (up from $3.7 billion in the prior year).

6. Greg Brown, Motorola Solutions CEO and chairman
Compensation: $29.3 million
Compensation more than doubled last year for Brown, who leads Motorola Solutions. His $29.3 million pay package included a $1.2 million salary, $4.1 million bonus, equity awards valued at $23.8 million, and $259,132 in perks and other compensation. At the company, revenue climbed 8 percent to $8.2 billion, compared to $7.6 billion in 2010. Net income hit $1.2 billion, a gain of 77 percent compared to $650 million in the prior year.

5. Leo Apotheker, former HP CEO and president
Compensation: $30.4 million
During a single fiscal year, Apotheker netted both a $4 million signing bonus and a $2.4 million going-away bonus (paid as part of his separation agreement). His $30.4 million pay package also included a $1.2 million salary, stock awards valued at $17.7 million, and perks and other compensation worth $5.2 million. Apotheker joined HP on Nov. 1, 2010, at the start of the company's 2011 fiscal year. He held the job for just 11 months before his ouster. The company's performance in fiscal 2011 was unimpressive: Revenue climbed 1 percent from $126 billion in 2010 to $127.2 billion in 2011, while net earnings fell 19 percent from $8.8 billion to $7.1 billion during the same time period.

4. Sam Palmisano, former IBM CEO
Compensation: $31.8 million
In his final year as Big Blue's CEO, Palmisano earned a $31.8 million pay package and steered the company to 4 percent revenue growth and 10 percent gains in net income. His 2011 compensation -- which is nearly equal to the $31.7 million he netted a year earlier -- included a $1.8 million salary, $6.5 million bonus, stock awards worth $14.3 million, $7.6 million attributed to changes in the value of his pension and retention plans, and $1.6 million in perks and other compensation. Palmisano, who remains chairman at IBM, handed the CEO reins to Virginia Rometty, effective Jan. 1, 2012. For 2011, IBM revenue climbed from $95.8 billion to $99.9 billion, and net income grew from $13.4 billion to $14.8 billion.

3. Sanjay Jha, Motorola Mobility CEO and chairman
Compensation: $47.2 million
A threefold compensation increase? That's what Jha got with his 2011 pay package, valued at $47.1 million. His compensation last year included a $1.2 million salary, $1.8 million bonus, equity awards valued at $43.6 million, and $557,992 in perks and other compensation. Motorola Mobility, meanwhile, grew revenue by 14 percent but saw its losses widen in 2011. The company's revenue hit $13.1 billion, up from $11.5 billion in 2010. Its net loss for 2010 was $249 million, compared to a net loss of $86 million in the prior year.

2. Larry Ellison, Oracle CEO
Compensation: $77.6 million
Ellison has been the highest paid tech chief on our list each year since Network World started tracking CEO compensation, but this year his $77.6 million pay package was bested by another tech CEO's enormous windfall (see the next slide for details). Not only that, Ellison was paid less than one of his own henchmen: Oracle President Mark Hurd, whose 2011 pay package is valued at $78.4 million. Nonetheless, Ellison collected a $1 salary, $13.3 million bonus, option awards valued at $62.7 million, and perks worth $1.5 million in 2011. His total pay package grew by 11 percent compared to fiscal 2010, when he received $70.1 million. During the same time period, the company grew revenue by 33 percent (from $26.8 billion in 2010 to $35.6 billion.

1. Tim Cook, Apple CEO
Compensation: $378 million
The bulk of Cook's $378 million compensation package consists of a “promotion and retention award,” valued at $376 million, which he received after being named CEO in August. Cook's pay package also included his $900,017 salary, $900,000 cash bonus, and $16,520 in perks and other compensation. By comparison, former CEO Steve Jobs, who passed away on Oct. 5, 2011, received his customary $1 salary last year and declined any new stock or option awards, as he had for years. In its 2011 fiscal year, which ended Sept. 24, Apple's revenue grew to $108.2 billion, representing a 66 percent increase over the prior year's $65.2 billion revenue. Net income grew to $25.9 billion, a gain of 85 percent compared to $14 billion in 2010.

This story, "Who are tech's 50 highest paid CEOs?" was originally published by Network World.

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