Total Compensation of $17 Million for WD CEO John Coyne in 2012

On its annual meeting of stockholders to be held in, Irvine, CA 92612 on November 8, 2012, Western Digital Corp. will propose to vote on the salaries and compensations of it executives for FY2012.

Below is an abstract of a table published by the company in a SEC filing with the amounts in US$ proposed and a comparison with 2011.

Total compensation for the year ($17,220,878 for John Coyne) includes annual salary ($1 million), stock awards ($6.3 million), options awards ($3.1 million), non equity incentive plan compensation ($6.8 million) and all other compensation ($0.04 million).

Last August 2012 the board of Seagate Technology increased the annual base salary of Seagate’s chairman, president and CEO by 2.5%, from $1,024,026 to $1,050,000. For him, total compensation in FY2012 is $9,182,966 compared to 5,198,988 in 2011.

It’s a huge jump in FY2012, 146% for Coyne and +77% for Luczo, the two healthy guys heading the two biggest WW HDD manufacturing companies.

(Source: SEC Filing)