As reported in the company proxy, filed on November 30 with the SEC, the compensation committee determined that in terms of Smith's overall pay "peer group analysis showed that Mr. Smith's total compensation was above the median of peer group CEOs." The big winner was Sasan Goodarzi, the EVP who manages Intuit's consumer tax group. Goodarzi received $9.3 million last year, an increase of 65 percent from $5.6 million in fiscal 2014. His 2015 pay included $5.9 million in stock awards, up 83 percent from $3.2 million for the prior year. EVP Dan Wernikoff, who runs the small business group had 2015 compensation of $8.9 million, a rise of 44.8 percent from $4.9 million the prior year. CFO Neil Williams received $7.9 million last year, a rise of 39.4 percent from $5.6 million the prior year. Chief Technology Officer Taylor Stansbury received $6.4 million for fiscal 2015. He was not a named executive in 2014.
INTUIT RE CEO PAY: GREAT JOB; ... BUT… Featured
Intuit's executives received hefty hikes in compensation for the year ended July 30. The exception was CEO Brad Smith, who saw his pay fall to slightly more than $16 million for the most recently ended year, a decline of 3.2 percent from $16.5 million for fiscal 2014. However, Smith's total for 2015 was still sharply higher from the $12.5 million he earned for fiscal 2013. Otherwise, the heads of the software company's two divisions and its CFO received double-digit increases, largely as the result of stock awards.
