Total Compensation of Top Executives at Western Digital

Below is an abstract of a SEC filing (page 65) published by Western Digital Corp., regarding salary and compensation earned for FY21, FY22 and FY23 by company’s executive officers. We have also added the figures for FY18, FY19 and FY20.

Note that, for FY23, revenue was $12,318 million, as much as down 34% Y/Y, with $1,730 net loss explaining the general huge decrease of salaries and compensations.

Name and position	FY	Salary	Total compensation	Y/Y growth
David V. Goeckeler, CEO	2020	$408,654	$35,723,376	NA
	2021	$1,250,000	$17,093,364	-48%
	2022	$1,250,000	$32,137,338	88%
	2023	$1,144,231	$11,031,692	/1.8
Srinivasan Sivaram, president, technology and strategy	2018	$623,377	$6,130,897	NA
	2019	$625,000	$3,673,449	-41%
	2020	$719,712	$6,186,962	68%
	2021	$744,231	$10,014,318	62%
	2022	$750,000	$9,598,246	-4%
	2023	$686,538	$3,383,413	/2.8
Michael C. Ray, EVP, chief legal officer and secretary	2020	$631,250	$5,311,879	NA
	2021	$625,000	$5,683,754	7%
	2022	$625,000	$7,074,998	24%
	2023	$572,115	$2,860,220	/2.8
Robert W. Soderbery, EVP and GM, flash business	2021	$546,154	$11,764,826	NA
	2022	$710,000	$6,175,408	-48%
	2023	$649,923	$3,183,339	/1.9
Wissam G. Jabre, EVP and CFO	2022	$262,019	$9,312,289	NA
Wissam G. Jabre, EVP and CFO	2023	$572,115	$4,224,122	/2.2

Here is a comparison of similar salaries and compensations for the main 2 executives, CEO and CFO, of the 2 competitors Seagate and WD with horrible financial results for both of them in FY3:

Executives	Salary	Compensation	Compensation growth from FY22
Seagate CEO Bill Mosley	$973,084	$11,436,208	-13%
WD CEO David V. Goeckeler	$1,144,231	$11,031,692	/1.8
Seagate CFO Gianluca Romano	$632,500	$4,264,448	/3.5
WD CFO Wissam G. Jabre	$572,115	$4,224,122	/2.2