9 gigantic bonuses that make yours look like chump change

Seven-figure cash bonuses sweeten tech CEOs' pay packages

By , Network World |  IT Management, slideshow

Who: Cisco CEO John Chambers 

Bonus amount: $4.6 million

Total 2010 compensation: $18.9 million

Company performance: Cisco grew revenue and income by 11% and 27%, respectively, in its 2010 fiscal year ended July 31. Revenue came in at $40 billion, up from $36.1 billion in 2009. Net income hit $7.8 billion, up from $6.1 billion.

Justification for bonus: John Chambers' $4.6 million cash bonus is more than double the $2 million bonus he received a year earlier. Cisco based its 2010 cash incentive awards on worldwide revenue and operating income growth, which exceeded targets by 9.5% and 21%, respectively, Cisco said in its proxy statement. "Variable cash incentive awards for fiscal 2010 ... for the named executive officers ranged from 160% to 205% of target, reflecting above-target economic performance for the fiscal year."

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