Symantec CEO takes home £5.4 million pay package

Symantec CEO Enrique Salem netted an $8.5 million pay package this year, down 6% from the $9 million he received in 2010. The company grew revenue by 3%, while income suffered a 16% decline during Symantec's 2011 fiscal year.

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Symantec CEO Enrique Salem netted an $8.5 million (£5.4 million) pay package this year, down 6% from the $9 million he received in 2010.

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.

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 perk 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. Profits are a different story, however. Symantec's net income fell 16% to $597 million from $714 million in the prior year.

Salem's total pay is calculated using data supplied in a proxy statement filed with the SEC on September 1. The following figures are taken from the summary compensation table: salary, stock awards, option awards, non-equity incentive place compensation (performance-based cash bonus), and all other compensation. The estimated value of equity awards represents the grant date fair value for stock awards and stock options granted during the fiscal year.

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