24 Feb 2018
Who are the 10 highest-paid CEOs in tech industry?
Written byRamya Patelkhana
We all know how hard it's to be a CEO. The Chief Executives, especially those at large companies, have more responsibility on their shoulders and also face greater pressures.
So, naturally, CEOs are well-compensated. The year 2017 was a good one for the bosses at tech companies; some were even ranked among the highest-paid CEOs for last year.
Here are 10 highest-paid tech CEOs.
Which CEOs earned highest salaries last year?
Compensation-data firm Equilar and The New York Times conducted an annual survey to analyze top CEOs and prepare a list of the 200 highest-paid bosses for last year.
Among the tech CEOs, both the CEOs at Oracle, Mark Hurd and Safra Catz, earned the highest salaries in 2017.
While Hurd's total compensation was $41.1mn, that of his colleague Safra Catz stood at $40.9mn.
Activision Blizzard CEO earned 358% more than his 2016 salary
The Oracle CEOs are followed by Robert Kotick, CEO of the California-based interactive entertainment company, Activision Blizzard. Kotick received total compensation of $33.1mn; his pay went up by 358% compared to his 2016 salary.
Next on the list is the former Hewlett Packard Enterprise CEO, Meg Whitman, with $32.9mn; she stepped down on 1 Feb'18. Her total compensation in 2017 saw 93% rise year-on-year.
IBM's first woman CEO made $32.3m last year
Coming in at fifth is the IBM Chief, Virginia Rometty, who earned $32.3mn in 2017; her salary increased by 63% from 2016.
Dion Weisler, the CEO of HP Inc., ranks sixth on the list with total compensation of $28.2mn. Weisler became the CEO of the tech company in 2015 when the original Hewlett-Packard Company was split into HP Inc. and Hewlett Packard Enterprise.
Microsemi CEO ranked seventh, followed by AT&T Chief
James Peterson, the CEO of Microsemi (a military and aerospace semiconductor equipment supplying company), saw a rise of 277% in his pay in 2017; he received a total compensation of $28mn.
Meanwhile, the Chief Executive of the global telecom giant AT&T, Randall Stephenson, earned a total salary of $25mn last year - 11% more than what he was paid in 2016.
This CEO's pay saw a 513% rise last year
Leading semiconductor company Broadcom's Chief Executive, Hock E Tan, found himself at the tenth position on the highest-paid tech CEOs' list. His total compensation was $24.7mn. It is a whopping 513% hike in his pay year-on-year.
The CEO of American financial company MSCI, Henry Fernandez, received a total compensation of $22.2mn in 2017. He got a 245% salary bump last year.
The other tech CEOs on the top 25 list
Apart from these ten CEOs, there are many other noted tech leaders who earned a spot on the top 25 highest paid list.
They include T-Mobile's John Legere (total compensation $20.1mn), Adobe's Shantanu Narayen ($20mn), Intel's Brian Krzanich ($19.1mn), Accenture's Pierre Nanterme ($18.5mn), Microsoft's Satya Nadella ($17.7mn), Verizon's Lowell McAdam ($17.4mn), Cisco's Chuck Robbins ($16mn), and eBay Inc's Devin Wenig ($15.9mn).