The 10 highest paid executives in wireless in 2011

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Over the past several weeks, publicly traded companies in the wireless industry have filed their annual reports, which reveal executive compensation.  FierceWireless looked at the compensation of the highest paid executives in wireless.

The new numbers reveal a few interesting tidbits. Verizon Communications (NYSE:VZ) CEO Lowell McAdam made more than triple in 2011 compared to 2010 (McAdam did not formally succeed Ivan Seidenberg as CEO until August 2011, despite being put in line as COO in October 2010).  AT&T (NYSE:T) CEO Randall Stephenson lost more than $5 million in his total 2011 compensation compared to 2010, thanks in part to AT&T's failure to close its $39 billion acquisition of T-Mobile USA.

Often, total compensation reflects not just a base salary but also bonuses and stock options. In some cases, high pay is the reward executives receive for delivering positive results for the company they lead, while in other cases executives have been given large pay packages to stay with a company, as is the case with Apple (NASDAQ:AAPL) CEO Tim Cook, the highest paid executive in wireless. (According to a recent New York Times analysis, Cook is the highest paid executive, period, by a significant margin.)

Unfortunately, it is impossible right now to conduct a direct 2010 to 2011 comparison of all of the executives who were listed on the 2010 report since some of their companies have not yet filed their annual compensation reports (this affects, most notably, MetroPCS (NASDAQ:PCS)  CEO Roger Linquist, Motorola Mobility (NYSE:MMI) CEO Sanjay Jha and U.S. Cellular CEO Mary Dillon). 

The following is a list of executive pay for 2011.

The data comes from publicly available filings made with the Securities and Exchange Commission.    

Ericsson CEO Hans Vestberg
Total compensation (2011): $5,033,911
Total compensation (2010): $5,046,954
Salary: $1,738,775
Bonus (total remuneration costs): $1,245,232
Other compensation (stock awards, etc.): $2,052,904 
Duration with the company: Since 1991 
Ericsson Hans Vestberg

Verizon Wireless CEO Dan Mead
Total compensation (2011): $5,660,641
Total compensation (2010): $4,181,831
Salary: $725,000   
Bonus: $0
Other compensation (stock awards, etc.): $4,935,641
Duration with the company: Since 2000 (inception of Verizon Wireless)

Verizon Dan Mead

AT&T Mobility CEO Ralph de la Vega
Total compensation (2011): $9,898,542
Total compensation (2010): $10,894,670
Salary: $854,167
Bonus: $0
Other compensation (stock awards, etc.): $9,044,375
Duration with the company: Since 2004 (as Cingular)    

AT&T Ralph de la vega
Nokia CEO Stephen Elop 
Total compensation (2011): $10,374,581
Total compensation (2010): $8,695,430
Salary: $1,331,947
Bonus: $617,749
Other compensation (stock awards, etc.): $8,424,885
Duration with the company: Since September 2010
Nokia Stephen Elop

Sprint CEO Dan Hesse
Total compensation (2011): $11,882,651  
Total compensation (2010): $9,068,608  
Salary: $1,200,000     
Bonus: $829,322  
Other compensation (stock awards, etc.): $9,853,329
Duration with the company: Since December 2007    

sprint dan hesse

Qualcomm CEO Paul Jacobs
Total compensation (2011): $21,722,333
Total compensation (2010): $17,626,939
Salary: $1,150,591
Bonus: $7,125  
Other compensation (stock awards, etc.): $20,564,617
Duration with the company: Since 1990    

qualcomm paul jacobs

AT&T CEO Randall Stephenson
Total compensation (2011): $22,018,334  
Total compensation (2010): $27,341,628
Salary: $1,550,000
Bonus: $0
Other compensation (stock awards, etc.): $20,468,334
Duration with the company: Since 1982 

randall stephenson AT&T

Verizon Communications CEO Lowell McAdam
Total compensation (2011): $23,120,499
Total compensation (2010): $7,195,900
Salary: $1,400,000
Bonus: $0
Other compensation (stock awards, etc.): $21,720,499
Duration with the company: Since 2000 (inception of Verizon Wireless)    

verizon lowell mcadam

Motorola Solutions CEO Greg Brown
Total compensation (2011): $ 29,329,052
Total compensation (2010): 13,738,910
Salary: $ 1,200,000
Bonus: $0
Other compensation (stock awards, etc.): $28,129,052
Duration with the company: Since 2003    

motorola greg brown

Apple CEO Tim Cook
Total compensation (2011): $377,996,537
Total compensation (2010): $59,092,572
Salary:  $900,017  
Bonus: $0
Other compensation (stock awards, etc.): $377,096,520 (though, as Fortune explained, the majority of this is restricted stock units intended to keep Cook at Apple in the years ahead)
Duration with the company: Since 1998    

tim cook

 

Did these executives deserve their pay? Do some deserve more, or less? Let us know in the comments.

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