Storing it for the rainy day


The Register :: So what if EMC Corp lost $120 million last year! It should not be a reason for not rewarding hardworking executives like Joe Tucci. “Diamond Joe was awarded a US$675,000 bonus on top of his million dollar salary, according to a Friday SEC filing. The EMC chief also received 2 million shares in stock options for his storage savvy. Chairman Mike Ruettgers fared almost as well with one million in salary and $650,00 in bonus but only half the options. Ruettgers’ salary has fallen since the 2000 and 2001 boom years, while Tucci has received fairly equal packages all three years.”

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