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2004 Top Ten: CEO Payouts: Page 5 of 6

StorageTek’s CEO received a whopping $5.3 million bonus in 2003, including $2 million for extending his contract by two years -- through June 2006. The rest was for performance. And you thought tape library vendors were struggling!

No. 1 Thomas Hudson, CNT

The Computer Network Technology Corp. (CNT) (Nasdaq: CMNT) board was so happy with Hudson after CNT purchased Inrange in 2003 that it bumped his salary from $367,000 to $500,000 and gave him a $400,000 bonus for successfully integrating the switch company into CNT. So far, the results of the acquisition have been disastrous: CNT hemorrhaged money and employees this year while struggling for survival (see CNT Takes a Hit).

So there's our list of storage networking's fat cats. On the other side of the coin, we think Network Appliance Inc. (Nasdaq: NTAP) CEO Dan Warmenhoven should renegotiate. Warmenhoven earned a relatively paltry $210,000 incentive bonus on top of his $440,000 2004 salary during a stellar year for NetApp.

— The Editors, Byte and Switch