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NETSUITE EXECS TAKE STOCK IN 2012: A LOT

Zach Nelson, NetSuiteExecutives at the cloud-based company might have said that in 2012 “NetSuite has been very, very good to me.”NetSuite handed out generous stock awards and two of its leaders got 80-percent increases in total compensation over 2011. CEO Zach Nelson had $5.89 million in compensation for the most recently ended year, a 74-percent hike from the prior year. The bulk of that came from $4.29 million in stock awards, up from $1.82 million. Founder and chief technology officer Evan Goldberg hit $4.19 million in 2012 compensation, an 80-percent increase.

He had stock awards of $3.1 million, a sharp increase from $1.2 million in 2011. Also getting an 80-percent pay raise was chief operating officer James McGeever, whose compensation hit $3.66 million, up from $2.01 million. His stock take was valued at $2.67 million, compared to $1.14 million a year earlier. CFO Ronald Gill pulled down just under $2 million last year, compared to $1.2 million, a rise of 51 percent. His stock award was valued at $1.23 million, up from just over $438,000. Sales VP James Ramsey, who is on a leave of absence this month, had only a 35-percent increase in compensation with his total hitting $2.2 million, compared to $1.63 million

 

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