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Stephen M. Bennett is a notable figure in the tech world, best known for his role as the President and CEO of Intuit from January 2000 to January 2008. His leadership at Intuit coincided with the company ramping up its...

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Stephen M. Bennett

Ex-CEO of Intuit

Education

Bachelor's degree in Business Administration from the University of Wisconsin

Field of Expertise

Business & Management

Sector of Economy

Technology

Born

June 4, 1954 - 71 years ago

CEO of Intuit for

8 years 0 months (Jan 2000 - Jan 2008)

Previous Experience

Executive Vice President at General Electric

Holdings

See how much did Stephen M. Bennett make over time.

At the peak of his wealth, Bennett held about 1.58 million shares in Intuit, making him a significant shareholder during his tenure. His holdings included 425,000 restricted stock units awarded in 2003, which were set to vest over several years....

Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Stephen M. Bennett make over time.

Over the years, Stephen M. Bennett’s compensation reflected his responsibilities and performance. In 2008, he reported a total of $843,125, which included a base salary of $761,539 but no bonus since performance metrics weren’t met. His peak compensation year was in 2007 when he earned about $1.31 million, which included a hefty bonus of $1.76 million and vested stock worth over $12 million thanks to his earlier strategies. Bennett’s compensation packages were closely tied to company performance, emphasizing revenue growth and return on investment. His transition agreement included various equity awards and a consulting role that kept him financially tied to Intuit’s success even after stepping down as CEO. This structured approach highlights how executive compensation can drive company performance while ensuring that key figures remain vested in long-term growth.

Year

2008

Total Compensation

$843.13K

Salary

$761.54K

Board Justification

The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, aiming to keep executive compensation competitive within the technology sector.

Bonus

$0.00

Board Justification

The CEO's bonus was not awarded for fiscal 2008 due to performance metrics not being met.

Other

$81.59K

Board Justification

Other compensation includes benefits such as health and welfare benefits, 401(k) matching contributions, and other perquisites.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2008 as the RSUs granted in August 2008 are set to vest in 2011 and 2013 based on performance metrics.

Performance Metrics

Performance metrics included revenue growth and return on invested capital (ROIC) targets.

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