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Novell president’s pay goes down to $5.7m

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“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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