Feeds

Gelsinger paid more than the boss at EMC

Hey Joe, say it ain't so

Internet Security Threat Report 2014

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. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Docker's app containers are coming to Windows Server, says Microsoft
MS chases app deployment speeds already enjoyed by Linux devs
Intel, Cisco and co reveal PLANS to keep tabs on WORLD'S MACHINES
Connecting everything to everything... Er, good idea?
SDI wars: WTF is software defined infrastructure?
This time we play for ALL the marbles
'Urika': Cray unveils new 1,500-core big data crunching monster
6TB of DRAM, 38TB of SSD flash and 120TB of disk storage
Facebook slurps 'paste sites' for STOLEN passwords, sprinkles on hash and salt
Zuck's ad empire DOESN'T see details in plain text. Phew!
Windows 10: Forget Cloudobile, put Security and Privacy First
But - dammit - It would be insane to say 'don't collect, because NSA'
Oracle hires former SAP exec for cloudy push
'We know Larry said cloud was gibberish, and insane, and idiotic, but...'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.