NetApp Chief Executive Daniel J. Warmenhoven received a compensation package valued at $4.9 million for fiscal 2008, down 29 percent year-over-year, according to an Associated Press calculation of figures released in a government filing Monday.
As CEO of the Sunnyvale data storage company, Warmenhoven earned a base salary of $786,538, up 11 percent from $709,615 in 2007. But his performance-based bonus payments fell by nearly half to $507,160 from $986,365.
His stock option grants fell to $3.6 million, down 30 percent from $5.2 million. And those grants have little worth having been granted on June 1, 2007, when the company's stock closed at $30.74. Shares traded Monday below $16.
Thursday, March 26, 2009
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