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CEO Pay Day: Tech Leaders Still Rake It In

The recession's dragging on, but fear not: Tech's top brass took home lofty salaries and bonuses last year.

By Ann Bednarz   

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Ron Hovsepian

Ron Hovsepian's total compensation fell 17% in 2009, amid declining annual revenue and a wider net loss. His $5.7 million pay package includes a $925,036 salary, $1.28 million bonus, $3.4 million in stock and option awards, and perks and other compensation worth $119,179. Hovsepian's 2008 compensation was valued at $6.9 million. As a company, Novell saw revenue decline 10% and its net losses widen during its fiscal year ended October 31. For fiscal 2009, Novell recorded a net loss of $213 million on revenue of $862 million. In 2008, the company lost $9 million on revenue of $957 million.

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