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).
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.