Makes ya feel good/sarcasm
EMC chief Tucci pulled down $30M in 2005
Monday March 20, 2:35 pm ET
EMC Corp. calculated Chief Executive Joe Tucci's 2005 compensation at $30 million, much of it in the form of restricted shares of stock pegged to future corporate performance.
The Hopkinton, Mass. company sells storage computers and related software.
In 2005, Tucci recieved:
$1 million in salary; $2.2 million in bonuses $22.8 million in restricted stock; $167,000 in the form of personal use of a private aircraft; and options to purchase 700,000 shares of stock, with an estimated value of $3.7 million.
Tucci holds 7.5 million shares of EMC (NYSE: EMC - News), which are currently valued at $107 million. Only former Chairman and CEO Michael Ruettgers holds a bigger stake among individual shareholders.
EMC's board indicated Tucci's compensation package is linked to the company's long-term performance and the goal of retaining him as CEO.
Tucci, 58, joined EMC in 2000 as president and was promoted to CEO a year later. He was named chairman in January 2006.
Published March 20, 2006 by the Boston Business Journal |
