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.