Error
  • JUser::_load: Unable to load user with id: 67

Featured Articles

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC has announced that it will begin volume production of 16nm FinFET products in the second half of 2015, in late…

More...
AMD misses earnings targets, announces layoffs

AMD misses earnings targets, announces layoffs

AMD has missed earnings targets and is planning a substantial job cuts. The company reported quarterly earnings yesterday and the street is…

More...
Did Google botch the Nexus 6 and Nexus 9?

Did Google botch the Nexus 6 and Nexus 9?

As expected, Google has finally released the eagerly awaited Nexus 6 phablet and its first 64-bit device, the Nexus 9 tablet.

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
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.

 

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments