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INTUIT FREEZES EXEC PAY

Intuit has frozen executive salaries and some bonuses for the current fiscal year which ends July 31, 2010. CEO Brad Smith's salary remains at $800,000, but his bonus of $828,000, dropped from $1.7 million a year ago. CFO Neil Williams gets the same $600,000 salary while his bonus dropped to $390,000 from $400,000 Kiran Patel, EVP of small business, gets the same salary, $700,000, while his bonus dropped to $550,000 from $800,000. The salary of Alexander Lintner, SVP of global business, stayed at $585,000 while the bonus fell to $237,000 from $585,000. There were some major changes since last year as Patel headed the consumer tax group a year ago. Sasan Goodarzi, SVP of financial institutions, received a salary of $540,000 and got a bonus of $290,000. The bonus awarded last year was $395,000.
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