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2004 Top Ten: CEO Payouts: Page 2 of 6

No. 9: Greg Reyes, Brocade

Reyes received an early Christmas present this month when the Brocade Communications Systems Inc. (Nasdaq: BRCD) compensation committee handed him a $344,825 bonus on top of his $500,000 2004 salary. Brocade had the best year among SAN switch players, so Reyes no doubt earned every dime of his bonus (see SAN Switch Year-End Summary and Brocade Tops Switch Sales). Then again, the 110 or so employees Brocade laid off this year might disagree (see Brocade Hits Estimates, Lays Off 110 and Brocade Denies More Cuts).

No. 8: John Kelley, McData

The McData Corp. (Nasdaq: MCDTA) Big Mac received $400,000 in base salary and a $125,000 bonus based on McData’s 2003 performance. This year, Kelley is eligible to get a bonus equal to up to 125 percent of his salary. Consider the year McData has had, he’ll be lucky to match last year’s bonus.

No. 7: H.K. Desai, Qlogic