Feeds

Gelsinger paid more than the boss at EMC

Hey Joe, say it ain't so

Top three mobile application threats

SEC filings by EMC show that newcomer Pat Gelsinger was paid more than chairman and CEO Joe Tucci in 2009.

Pat Gelsinger is EMC's Chief Operating Officer and runs its Information Infrastructure Products division. He joined EMC from Intel in September 2009.

There was a 10 per cent pay cut across EMC in January 2009, as part of recession-beating measures, with Joe Tucci having 23 per cent cut from his target pay; other EMC executives saw cuts of nearly 13 per cent. The SEC filing states that EMC executive pay has now returned to the levels before these cuts.

In 2009 Joe Tucci's total cash pay was $1.94m, while Pat Gelsinger's was $357,308, paid during his September to December working period at EMC. Tucci's total 2009 compensation was $9.05m in 2009, while Gelsinger's was $11.71m. Stock options accounted for almost $10.9m of that - Gelsinger's pay being heavily weighted towards performance.

No other EMC executive was paid more than Joe Tucci. Gelsinger has been identified by some as Tucci's annointed successor. ®

High performance access to file storage

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Kingston DataTraveler MicroDuo: Turn your phone into a 72GB beast
USB-usiness in the front, micro-USB party in the back
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Inside the Hekaton: SQL Server 2014's database engine deconstructed
Nadella's database sqares the circle of cheap memory vs speed
BOFH: Oh DO tell us what you think. *CLICK*
$%%&amp Oh dear, we've been cut *CLICK* Well hello *CLICK* You're breaking up...
Just what could be inside Dropbox's new 'Home For Life'?
Biz apps, messaging, photos, email, more storage – sorry, did you think there would be cake?
Amazon reveals its Google-killing 'R3' server instances
A mega-memory instance that never forgets
Cisco reps flog Whiptail's Invicta arrays against EMC and Pure
Storage reseller report reveals who's selling what
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.