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PAY FOR INTUIT'S SMITH ROSE DOUBLE DIGITS Featured

 Brad Smith, Intuit Intuit CEO Brad Smith received $18.8 million in compensation for the year ended July 31. That was up 17.3 percent from the $16 million he received in fiscal 2015, according to documents filed with the SEC. But I view the biggest story as involving EVPs Daniel Wernikoff and Sasan Goodarzi. The two swapped jobs on May 1: Wernikoff becoming EVP of the Consumer Tax Group and Goodarzi, EVP of the Small Business Group. The switch is possibly a step towards choosing a successor for Smith, who has been CEO since 2008. Pay changes brought Wernikoff and Goodarzi to the same level. Wernikoff's, compensation rose to $10.1million, up 22.1 percent from $8.9 million in 2015. Goodarzi's compensation of $10.2 million for 2016, was up 10 percent from $9.3 million the prior year. Among the components of his compensation, Smith received $2.3 million from the incentive plan, a rise of 60 percent from $1.5 million the prior. Stock awards represented the biggest source of pay in both years: $11.6 million in 2016, a 12-percent increase from $10.4 million for the prior year. Meanwhile chief technology officer Tayloe Stansbury received compensation of $7.3 million for fiscal 2016, a rise of 10 percent from $6.3 million. CFO Neil Williams had only a slight increase in compensation, which hit $7.94 million. The compensation committee had declared his performance—and the performances of the other four executives—to be outstanding. However, his $7.88 million in compensation for 2015, was 39.5 percent higher than in 2014.

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