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Novell president's pay goes down to $5.7m

Mar 03, 2010, 00:02 (3 Talkback[s])
(Other stories by Ann Bednarz)

"Novell president and CEO Ron Hovsepian's total compensation fell 17% in 2009, amid declining annual revenue and a wider net loss.

"Hovsepian received compensation in fiscal 2009 valued at $5.7 million, compared to $6.9 million in 2008, according to documents filed late last week with the US Securities and Exchange Commission.

"His pay package includes a $925,036 salary, up slightly from $912,214 in 2008. Hovsepian also received $1.28 million in performance-based cash incentives, down from $2 million in 2008."

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