John Chambers, Cisco CEO and chairman
Chambers received compensation valued at $12.9 million in Cisco’s 2011 fiscal year, a period when the company restructured operations, shuttered its Flip videocam business and eliminated more than 12,000 jobs. His total pay package --which is down 32% compared to 2010, when he received $18.9 million -- included a $375,000 salary and equity awards valued at $12.5 million (half of which was forfeited). As a company, Cisco grew sales but saw net income drop in its 2011 fiscal year. Revenue hit $43.2 billion, a gain of 8% compared to $40 billion in 2010. Net income totaled $6.5 billion, which is down 16% from $7.8 billion in the prior year.