Who Were The 101 Highest-Paid Channel Execs In 2016?
Submitted by Michael Novinson on
25. Gordon Coburn, Cognizant: $4.5M
Position: President
Stock Award: $3.75M
Salary: $467,000
Deferred Compensation: $184,000
Other Compensation: $93,000
Coburn joined Cognizant 19 years ago and was promoted to the president role in February 2012. He resigned on Sept. 27, 2016, as the company launched a probe into possible improper payments In India.
The fiscal year for Cognizant, No. 7 on the CRN SP 500, ended Dec. 31, with sales for the Teaneck, N.J.-based company jumping 8.6 percent to $13.49 billion and net income falling 4.4 percent to $1.55 billion. Cognizant's stock fell 4.7 percent over the 2016 calendar year to $56.03 per share.
Other compensation for Coburn included $53,000 in place of earned vacation; a required $31,000 contribution to his deferred compensation account; a $6,000 matching contribution to his 401(k) savings plan; and a $3,000 matching contribution to a supplemental retirement plan open to highly-compensated Cognizant employees.