Estimated reading time: 1 minute, 2 seconds

INTUIT EXECS GET BONUSES Featured

 Brad Smith, IntuitIntuit's top executives have been given executives, something that most have not seen in three years. Both CEO Brad Smith and CFO Neil Williams received bonuses for the year ended July 30. Neither received bonuses in fiscal 2011 or 2012. Smith got a bonus of $1.12 million while his base salary moved to $1 million for the current fiscal year.

That compares to an $800,000 base he received in 2010. Salaries generally aren't the major part of an executive's compensation, but they are used in calculating performance awards so an increase in base can lead to increased compensation in other areas. Williams got a bonus of $420,000 for last year while his base rises to $700,000, from $650,000. Kiran Patel, the former EVP of the small business group, received a bonus of $1.44 million while his base moved to $800,000, from $700,000 last year. General counsel Laura Fennell had a 2013 bonus of $278,200 and a raise in salary this year to $575,000 from $505,000. Dan Maurer, the SVP of the consumer group, received a 2013 bonus of $372,000 while his salary of $620,000 compared to $585,000 last year. Founder Scott Cook, chairman and a member of the board of trustees, got a $273,000 bonus last year and a salary of $550,000. Cook is not a named executive and his compensation plan is not reported in the detail required for the others.

Read 2450 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.