Intuit's Smith Sees Small Pay Hike

Brad SmithIntuit's board of directors slashed the bonus of CEO Brad Smithby 51 percent for the year ended July 31, but more than made up for that drop with increases in stock and options awards. The result was that Smith's total compensation crept up 3.4 percent from the 2008 total. His compensation rose to $4.81 million from $4.65 million. And the compensation committee praised Smith's overall performance saying it had "determined that Mr. Smith had delivered outstanding progress toward the following longer-term goals which were established by the Committee earlier in fiscal 2009." 

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