Feeds

Gelsinger paid more than the boss at EMC

Hey Joe, say it ain't so

Secure remote control for conventional and virtual desktops

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. ®

Internet Security Threat Report 2014

More from The Register

next story
Cray-cray Met Office spaffs £97m on VERY AVERAGE HPC box
Only 250th most powerful in the world? Bring back Michael Fish
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
The DRUGSTORES DON'T WORK, CVS makes IT WORSE ... for Apple Pay
Goog Wallet apparently also spurned in NFC lockdown
Microsoft brings the CLOUD that GOES ON FOREVER
Sky's the limit with unrestricted space in the cloud
'ANYTHING BUT STABLE' Netflix suffers BIG Europe-wide outage
Friday night LIVE? Nope. The only thing streaming are tears down my face
Google roolz! Nest buys Revolv, KILLS new sales of home hub
Take my temperature, I'm feeling a little bit dizzy
Cisco and friends chase WiFi's searing speeds with new cable standard
Cat 5e and Cat 6 are bottlenecks for WLAN access points
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.