23. Robert Zapfel, Xerox Services: $4.59M

Position: Executive Vice President; President, Xerox Services

Stock Award: $3M

Salary: $800,000

Bonus: $744,000

Other Compensation: $46,000

Zapfel joined Xerox in March 2014 to lead its Services businesses and ceased active employment with Xerox at the end of 2016.

The fiscal year for Xerox Services, No. 9 on the CRN SP 500, ended Dec. 31, with sales for the Norwalk, Conn.-based business unit falling 4 percent to $6.41 billion and net loss increasing by 137 percent to $983 million. 

Other compensation for Zapfel included a $25,000 match under the company's supplemental savings plan, $13,000 in life insurance premiums paid by the company, as well as an $8,000 company match under the 401(k) savings plan.