Intuit Exec Pay Rebounds
Compensation for Intuit's top executive rose for the year ended July 31, although it did not return to levels reached in fiscal 2010. An increase in salary and stock and options awards helped CEO Brad Smith reach $12.6 million for the year, an 8-percent rise from $11.6 million the prior year. However that total left him below the $13.9 million earned in 2010, which had been boosted by much higher option awards than he received in 2012 and 2011.
Smith's stock awards for the most recently ended year were valued at $8.3 million, compared to $7.5 million the prior year while option awards were valued at $1.6 million, an increase from $1.3 million in 2011. The one major area of pay that declined was non-equity incentive compensation which fell to $1.6 million in 2012 from $1.9 million in 2011.
Similarly, CFO Neil Williams saw his 2012 compensation rise to $4.2 million from just under $4 million last year. But that still lagged his $4.9 million in 2010. Pay for Kiran Patel, who heads the company's small business group, was essentially unchanged at $4.8 million. Compensation for corporate counsel Laura Fennell rose to $2.23 million from $2.15 million. Compensation for Dan Maurer, general manager for the consumer group, fell to $3 million from $3.8 million.
