He also received stock awards valued at $10.2 million, an increase of 16.1 percent from $8.8 million in the prior year. In another major category, Smith had $1.9 million in non-equity incentive compensation, a 69-percent rise from $1.1 million. His base salary was unchanged at $1 million. The board was not so generous with pay for CFO Neil Williams, who earned $5.5 million, up 10.9 percent from $5.1 million, and General Counsel Laura Fennell, who was given $4.1 million in compensation, a rise of 7.7 percent from $3.8 million. No comparisons can be made for two other named executives as they were not part of that roster for fiscal 2013 and their pay for that year was not published. SVP Sasan Goodarzi, who leads the consumer tax group, received $5.6 million and SVP Dan Wernikoff, who leads the small business group, had $4.9 million in total compensation.
INTUIT CEO: $16 MILLION MAN Featured
Intuit has been on a roll all through 2014 and the company's board of directors thought CEO Brad Smith deserved credit (well, over-achieved on goals set for him). That's the main way to read the compensation report that shows Smith received $16.5 million in total pay for the year ended July 31, up 33 percent from $12.5 million in fiscal 2013. The total was pushed up by option awards, which more than doubled to $3.5 million for the recently ended year, up from $1.6 million.
