Document Management
- Parent Category: ROOT
- Thursday, 05 December 2013
- Published Date
- Written by Bob Scott
Intuit CEO Brad Smith saw his compensation relatively unchanged for the year ended July 31. As reported recently in SEC filings, the company said Smith received $12,463,669 for fiscal 2013, down about $100,000 from the prior year. Smith's pay suffered from a sharp drop in non-equity incentive compensation, which was mostly offset in areas such as option and stock awards.
Smith received $1.12 million in non-equity incentive pay for the most recently ended year, down 32 percent from $1.65 million in fiscal 2012. However, his stock awards rose to $8.76 million, up 5.3 percent from $8.32, but a more-than-$400,000 rise.
CFO Neil Williams had a better year with total compensation of $5.1 million, an increase of 21.7 percent from $4.19 million from 2012. Williams was also subject to a sharp drop in non-equity incentive compensation but saw that more than made up for by increases in option and stock awards.
General counsel Laura Fennel earned $3.8 million, up 76 percent from $2.2 million. SVP Dan Maurer, general manager of the consumer group, got just under $4 million, a 33.3 percent increase from slightly more than $3 million. Kiran Patel, general manager of the small business group, received $2.27 million for 2013. Since he retired during the year, he did not receive stock or option awards, but did get $1.4 million in non-equity incentive compensation.
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