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Symantec CEO nets $8.5 million pay package

Symantec CEO Enrique Salem netted an $8.5 million pay package this year, down 6% from the $9 million he received in 2010, according to documents filed with the U.S. Securities and Exchange Commission.

Salem received a 20% salary boost to $750,000, up from $625,000 in 2010. His bonus increased significantly, too, climbing 38% to $4.3 million, up from $3.1 million last year.

PAYDAY: What tech's top execs took home in 2010

But his equity awards took a big hit. Salem received stock awards valued at $1.7 million (down from $2.4 million) and option awards valued at $1.7 million (down from $2.9 million).

Salem's only reported perk was worth $33,975, which represents expenses Symantec paid so he could attend a company trip for sales achievers.

The company, meanwhile, grew revenue by 3% during its 2011 fiscal year ended April 1. Revenue came in at $6.19 billion, up from $5.99 billion in 2010.

Profits are a different story, however. Symantec's net income fell 16% to $597 million from $714 million in the prior year.

Salem's total pay is calculated using data supplied in a proxy statement filed with the SEC on Sept. 1. The following figures are taken from the summary compensation table: salary, stock awards, option awards, non-equity incentive place compensation (performance-based cash bonus), 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.

Follow Ann Bednarz on Twitter: twitter.com/annbednarz

Read more about data center in Network World's Data Center section.


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