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
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
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.