Who Were The 101 Highest-Paid Channel Execs In 2016?
Submitted by Michael Novinson on
38. Nestor Cano, Tech Data: $3.67M
Position: President, Europe
Other Compensation: $1.44M
Stock Award: $799,000
Bonus: $713,000
Salary: $711,000
Cano joined Tech Data 28 years ago and moved into the European presidency in June 2007. Cano's departure from Tech Data was announced Jan. 9, 2017, and he started as Sprint's COO on Feb. 2.
The fiscal year for Tech Data ended Jan. 31, with sales for the Clearwater, Fla.-based distributor dipping 0.5 percent to $26.23 billion and net income plummeting 26.6 percent to $195.1 million. Tech Data's stock catapulted 35.3 percent during the company's 2017 fiscal year to $85.56 per share.
Other compensation for Cano included a $1.32 million severance payout, $85,000 for housing expenses, and $16,000 for the use of a company-leased automobile.
Cano also received a $20,000 Executive Choice Plan benefit, which can be used for tax and estate counseling, individual insurance premiums, personal and professional development expenses, and club memberships.