The value of stock awards for 2013 was $8.76 million, up from $8.32 million. CFO Neil Williams fared better with 2013 compensation of $5.1 million, an increase of 21.7 percent from $4.19 million from 2012. As in Smith's case, there was a sharp drop in non-equity incentive compensation. But that was more than made up for by increases in option and stock awards. General counsel Laura Fennel saw her pay rise to $3.8 million, up 76 percent from $2.2 million. SVP Dan Maurer, GM of the consumer group, got just under $4 million, up from slightly more than $3 million. Kiran Patel, GM of the small business group, received $2.27 million for 2013. Since he retired during the year, he did not pick up stock or option awards, but did get $1.4 million in non-equity incentive compensation.
INTUIT CEO'S PAY FLAT IN 2013 Featured
Compensation for Intuit CEO Brad Smith was essentially unchanged for the year ended July 31. Unchanged, however, is a matter of perspective. He received $12,463,669 for fiscal 2013, down from $12,564,585 in 2012, which for the rest of us is $100,000 a year, but which translates into an eight-tenths-of-one-percent decrease. Generally, an increase of stock awards made up for a more severe drop in non-equity incentive compensation. In that latter category, Smith got $1.12 million for the most recently ended year, down 32 percent from $1.65 million the prior year.
