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NETSUITE EXEC PAY SAGS

Jim McGeever, NetSuiteTop NetSuite executives lost ground on compensation for 2011. It was a mixed bag as three had not-so-bad declines and two had a steep drop. Total pay for CEO Zach Nelson was $3.4 million for the year just ended, down 7 percent from $3.6 million. That change stemmed largely from options awards which fell to $523,142 from $671,770.
For founder and chief technology officer Evan Goldberg, compensation was $2.3 million for the most recently ended year, a decrease of 8.8 percent from $2.5 million for 2010. COO James McGeever made just over $2 million, down from just under $3 million the prior year. McGeever’s 31-percent decline stemmed primarily from the decrease in the value of stock awards which fell to $1.1 million from $1.9 million. CFO Ron Gill's pay dropped 36.7 percent to $1.2 million from just over $2 million as equity awards dropped to just over $638,000 from $1.3 million. Compensation for Jim Ramsey, EVP of worldwide sales dropped to $1.6 million from $1.8 million. NetSuite probably set a record for footnoting an executive compensation table. A lot of these give details on performance share unit awards. There were 32 footnotes for individual entries along with the usual general notes that explain definitions and accounting. That represents 6.4 individual footnotes per individual, and is down from 33 for 2011. This will be tracked in the SFI (Scott Footnote Index). This will, of course, be heavily footnoted for clarity and will be published along with my famous "Eight Points for Creating Better Ten-Point Programs".
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