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10 worst paid tech CEOs

May 21, 2014 09:40 IST

10 worst paid tech CEOs

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With Twitter’s IPO success, pundit predicts that tech industry is entering a new era. But some establish firms, such as Apple, are finding it hard to show future growth to investors.

Questions have also been raised on Facebook's future earnings and Google’s growth in mobile advertising space. Microsoft went for a complete overhaul by replacing its CEO Steve Ballmer with Satya Nadella.

Have these concerns about growth of companies affected CEO compensations in these firms? The answer is not a straight yes but leaders at the helm of these companies are among the worst paid CEOs in tech industry, where Oracle’s Larry Ellison package stood at $78.4 million for fiscal 2013, according to Bloomberg.

Let’s take a look at worst paid tech CEOs from the list compiled by the new agency Bloomberg.

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Image: Facebook founder and CEO Mark Zuckerberg speaks during a conference.
Photographs: Justin Sullivan/Getty Images

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Larry Page

Company: Google

Rank: 1

Total compensation most recent fiscal year: $1

Total compensation previous year: $1

As Google’s chief executive officer, Larry is responsible for Google’s day-to-day-operations, as well as leading the company’s product development and technology strategy, according to the company’s website.

He co-founded Google with Sergey Brin in 1998 while pursuing a Ph.D. at StanfordUniversity.


Image: Google co-founder Larry Page speaks with people at his lunch table during the Clinton Global Initiative in New York.
Photographs: Chip East/Reuters

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Mark Zuckerberg

Company: Facebook

Rank: 2

Total compensation most recent fiscal year: $0.65 million

Total compensation previous year: $1.99 million

Mark Zuckerberg co-founded Facebook with Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. While his compensation is $0.65 million, Mark Zuckerberg receives a one-dollar salary as CEO, according to Wikipedia.

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Image: Facebook CEO Mark Zuckerberg attends the Allen & Co Media Conference in Sun Valley.
Photographs: Jim Urquhart/Reuters
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Steve Ballmer

Company: Microsoft

Rank: 3

Total compensation most recent fiscal year: $1.26 million

Total compensation previous year: $1.32million

Steve Ballmer is now a director at Microsoft Corporation. He joined Microsoft in 1980 and was the company’s first business manager. Ballmer retired as Chief Executive Officer on Feb. 4, 2014.

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Image: Microsoft Chief Executive Steve Ballmer speaks during a Nokia news conference.
Photographs: Markku Ulander/Reuters

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Zach Nelson

Company: NetSuite

Rank: 4

Total compensation most recent fiscal year: $1.28 milllion

Total compensation previous year: $5.89 million

Nelson has more than 25 years of leadership experience in the high-tech industry, where he has held a variety of executive positions spanning marketing, sales, product development and business strategy with leading companies including Oracle, Sun Microsystems, and McAfee/Network Associates. Nelson has been CEO of NetSuite since 2002.

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Image: Zach Nelson.


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Ursula Burns

Company: Xerox

Rank: 5

Total compensation most recent fiscal year: $2.49 million

Total compensation previous year: $13.07 million

Ursula M. Burns is chairman and chief executive officer of Xerox. She started her career at Xerox in 1980 as a mechanical engineering summer intern and worked her way up handling different position in different departments.

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Image: Ursula Burns.
Photographs: Courtesy, Xerox

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Marc Lautenbach

Company: Pitney Bowes

Rank: 6

Total compensation most recent fiscal year: $3.40million

Total compensation previous year: NA

Marc B. Lautenbach is President and Chief Executive Officer at Pitney Bowes Inc.  Marc was appointed President and CEO in December 2012, and is a member of the Board of Directors.

Before joining Pitney Bowes, Marc spent 27 years in senior leadership roles at IBM, most recently as Managing Partner, North America, IBM Global Business Services.

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Image: Marc Lautenbach.
Photographs: Courtesy, Pitney Bowes

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Tim Cook

Company: Apple

Rank: 7

Total compensation most recent fiscal year: $4.25 million

Total compensation previous year: $4.17 million

Tim Cook is the CEO of Apple and serves on its Board of Directors. Before being named CEO in August 2011, Tim was Apple's Chief Operating Officer and was responsible for all of the company’s worldwide sales and operations, including end-to-end management of Apple’s supply chain, sales activities, and service and support in all markets and countries.

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Image: Apple CEO Tim Cook speaks on stage during an Apple event introducing the new iPad.
Photographs: Robert Galbraith/Reuters

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Moshe Gavrielov

Company: Xilinx

Rank: 8

Total compensation most recent fiscal year: $4.49 million

Total compensation previous year: $4.78 million

Moshe Gavrielov serves as president and CEO of Xilinx. He is responsible for formulating the company's overall strategy, vision and focus necessary for Xilinx to continue its pace of rapid growth and expansion, according to Xilinx’s website.

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Image: Moshe Gavrielov.
Photographs: Courtesy, Xilinx

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Steve Sanghi

Company: Microchip Technology

Rank: 9

Total compensation most recent fiscal year: $4.59 million

Total compensation previous year: $ 6.21 million

Sanghi was named the President of Microchip in August 1990, Chief Executive Officer in October 1991 and the Chairman of the Board of Directors in October 1993, according to the company’s website.

Before joining the Company, Sanghi was Vice President of Operations at Waferscale Integration, Inc.

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Image: Steve Sanghi.


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Lothar Maier

Company: Linear Technology

Rank: 10

Total compensation most recent fiscal year: $5.03 million

Total compensation previous year: $4.90 million

Maier has been at the helm of Linear Technology’s since 2005. Prior to that he was the COO in the same company.

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Image: Lothar Maier (L) with Linear Co-founders Bob Swanson (C) and Bob Dobkin (R)
Photographs: Courtesy, Linear Technology

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