CEO Hammergren's Pay Jumps To $29.7 Million

The Associated Press formula is designed to isolate the value the company's board placed on the executive's total compensation package during the last fiscal year. It includes salary, bonus, performance-related bonuses, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year. The calculations don't include changes in the present value of pension benefits, and they sometimes differ from the totals companies list in the summary compensation table of proxy statements filed with the Securities and Exchange Commission, which reflect the size of the accounting charge taken for the executive's compensation in the previous fiscal year.

In fiscal 2009, the company's profit fell 17 percent as charges for an investment write-down and litigation costs cut into the bottom-line. Meanwhile, revenue for the year rose 5 percent to $106.63 billion.

The company expects weaker technology revenue and pricing pressure to cut into profit in fiscal 2010. The economic slump and profit margin pressure were cited as key factors.