The QLogic Corp. (Nasdaq: QLGC) CEOs 2004 bonus of $615,000 came to more than his $576,000 salary. And both figures were higher than corresponding numbers for Paul Folino, his counterpart at Emulex Corp. (NYSE: ELX), Qlogic's chief competitor. Folino got a salary of $538,000 and a $361,000 bonus for fiscal 2004. Next year, he'll get more: In September, the Emulex board gave Folino a base salary raise to $557,000 with a bonus target of $501,000.
No. 6 Richard Reese, Iron Mountain
The Iron Mountain Inc. (NYSE: IRM) board apparently likes the job Reese is doing. It awarded him a $1.17 million performance bonus for 2003 on top of his $770,000 salary. That was before the company continued to grow its storage and services revenue and picked up archiving company Connected for $117 million (see Iron Mountain Gets Connected). We can't wait for the next report!
No. 5 Peter Van Oppen, ADIC
Van Oppen of Advanced Digital Information Corp.s (Nasdaq: ADIC) received $340,000 in salary and a $240,000 bonus in 2003. The board mustve been happy: No ADIC executives received performance bonuses in the two previous years. Things haven't gone as well for ADIC this year, however, so we'll see if history repeats (see ADIC Sales Down Despite EMC).
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