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.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
