Symantec CEO nets $8.5 million pay package

16.09.2011
CEO Enrique Salem netted an $8.5 million pay package this year, down 6% from the $9 million he received in 2010, according to documents filed with the U.S. Securities and Exchange Commission.

Salem received a 20% salary boost to $750,000, up from $625,000 in 2010. His bonus increased significantly, too, climbing 38% to $4.3 million, up from $3.1 million last year.

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But his equity awards took a big hit. Salem received stock awards valued at $1.7 million (down from $2.4 million) and option awards valued at $1.7 million (down from $2.9 million).

Salem's only reported was worth $33,975, which represents expenses Symantec paid so he could attend a company trip for sales achievers.

The company, meanwhile, grew revenue by 3% during its 2011 fiscal year ended April 1. Revenue came in at $6.19 billion, up from $5.99 billion in 2010.