Sorry, but Chambers' compensation is absurd, and especially when compared to other CEO's compensation.
INTC: Barrett received $3.3mm in salary and bonus, 200,000 options
MSFT: Ballmer received $670,000 in salary and bonus, zero options
DELL: Michael Dell received $2.5mm in salary and bonus, 1,250,000 options. And note that Michael Dell is one of the most notoriously overpaid CEO's around.
GE: Jack Welch received $13.3mm in salary and bonus, 625,000 options.
Chambers has received an absurd amount of options every single year. 6mm last year, 4mm the year before, 5mm the year before. Yes, he has cut back his pay, his bonus, and his options grants. But he is still paid far, far in excess of his peers, which makes his cries of self sacrifice disingenuous at best. And note that I included some of the traditionally most overpaid CEOs in the country in the sample, with DELL and GE. (BTW, If I included in the comparative sample CEO's from smaller cap companies, then his pay discrepancy would be even larger.) |
