Cisco CEO John Chambers
New Base Pay: $1.1 million
Old Base Pay: $375,000
Percent Increase: 193%
Cisco (CSCO) also wasn’t shy about generously rewarding its chief executive last year. Leading man John Chambers enjoyed a base salary of $1.1 million during fiscal 2013, which ended in late July.
That new base nearly tripled the last one, but the company thought it was well overdue. Per CNN Money: “At $375,000, Chambers’ salary was ‘well below the 25th percentile’ of his peers … and it hadn’t changed since fiscal 2008.”
Of course, that base for Chambers’ CEO pay was, once again, just the tip of the iceberg. His stock awards for fiscal 2013 tallied over $15 million — more than double the prior year’s — while Chambers also saw his cash bonus balloon from $750,000 to $4.7 million. Add it all up, and his total compensation nearly doubled from fiscal 2012, making the Cisco CEO one of the five highest-paid tech execs out there.
Of course, Cisco stock did improve by over 55% in fiscal 2013 … but shares have been in a race to the bottom so far in fiscal 2014.