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.