Company News: Tech, Pfizer, YouTube, Neiman Marcus, Electronic Arts

It’s a good time to be a tech CFO; Viagra online sales; and more

Tech: Big paydays for CFOs

Five of the ten highest-paid chief financial officers in 2012 hail from the technology industry, according to compensation data compiled by Bloomberg. Apple CFO Peter Oppenheimer earned the most in fiscal 2012, with a $68.6 million package that dwarfed the $4.17 million awarded to his boss, Tim Cook. Oracle CFO Safra Catz was second at $51.7 million, while Patrick Pichette at Google was No. 3, with $38.7 million. Their outsized pay packages rewarded success in increasing profit, amassing cash, and minimizing taxes. Tech CFOs are largely compensated with company stock, so their payouts have expanded as equity prices have boomed.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.