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".
Estimated reading time: 1 minute, 9 seconds
NETSUITE EXEC PAY SAGS
![Jim McGeever, NetSuite Jim McGeever, NetSuite](/images/stories/mcgeever jim netsuite.jpg)
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