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In Pictures: Who are tech’s highest paid CEOs?
Oracle’s Larry Ellison finally ousted from the top spot on our list of highest paid tech execs. We count them down from 50 to 1. (All figures in $US)
Sam Palmisano, former IBM CEO
In his final year as Big Blue’s CEO, Palmisano earned a $31.8 million pay package and steered the company to 4% revenue growth and 10% 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.
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