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Tuesday, 21 June 2011 11:51

Tech CEOs awarded higher salaries in 2010

Written by


It’s a tough life
The crisis is over, at least judging by a jump in CEO salaries reported by major market players.

In 2010 average CEO salaries in 150 top tech companies rose 37 percent, more than in any other industry sector. So, Silicon Valley bosses are rolling in the green once again, but some are still a bit more equal than others.

Despite the fact that he took a 17 percent pay cut, Oracle’s Larry Ellison still tops the list with more than $70 million earned in 2010. Basically good old Larry made more than $190,000 a day, weekends and holidays included.

Atmel’s Steve Laub made $19.4 million, Cisco boss John Chambers had to make do with just $18.9 million, while Intel’s Paul Otellini ended the year with $15.5 million more in his chequebook. Gilead Sciences CEO John Martin made $14.2 million.

Now here are some interesting facts worht contemplating. When the global financial crisis struck, median CEO salaries dipped by 6 percent in 2008 and 5 percent in 2009. Hence, a 37 percent increase in 2010 sounds like a lot, especially as the average increase for all workers was 20 times lower. Not to mention the thousands of poor souls who lost their jobs in 2008 and early 2009.

More here.

 

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Comments  

 
+11 #1 CrAcKeRjAcK 2011-06-21 12:57
pathetic...
 
 
+8 #2 Bignon 2011-06-21 14:04
When I grow up I'll be a CEO. :lol:
 
 
+11 #3 chyll2 2011-06-21 15:53
makes my blood boil..

while regular employee barely get a 10% salary increase and while they are it asking for it, they might lose their jobs.
 
 
+3 #4 Haberlandt 2011-06-21 16:24
It's a tough life, indeed.
 
 
-1 #5 jonelsorel 2011-06-22 11:12
Nooo way... does this happen in capitalism?! Now since money is power, and Obama makes officially.. 200k a year (?! - no idea), does that make company CEOs more powerful than presidents? I wonder what "-ism" that's bordering on.
 
 
+3 #6 jonelsorel 2011-06-22 11:19
Quoting CrAcKeRjAcK:
pathetic...


Actually, we're the pathetic ones. :)
 
 
+1 #7 thematrix606 2011-06-22 15:43
Quoting jonelsorel:
200k a year (?! - no idea), does that make company CEOs more powerful than presidents? I wonder what "-ism" that's bordering on.


Thats like saying anyone makes more than the Google CEOs cause they only earn 1 dollar a year...

THe president makes millions on the side per year. Remember Bush and his stake in oil companies? Started a war for it? REMEMBER?
 

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