CA Inc.'s (CA) Chairman and Chief Executive William E. McCracken
received about $3.7 million in compensation last fiscal year,
according to a filing with the Securities and Exchange
Commission.
McCracken took on the additional role of chief executive at the
end of January after acting as interim CEO when the previous CEO
retired at the end of the calendar year. McCracken's salary was
$1.1 million, and he received a $1.3 million sign-on bonus.
The retired CEO, John A. Swainson, earned $11.5 million in the
fiscal year ended March 31, $4.5 million of which was
severance.
Last month, the software company said its fiscal fourth-quarter
profit grew by more than half thanks to higher revenue and margins.
Results for CA, a maker of software for mainframe and other
corporate computers, have been resilient during the recession as
the company has cut costs to match revenue.
In the last five years, the company has changed its name twice.
Last month it announced it was changing its name to CA
Technologies, after it took the name CA Inc. in 2005 to shed
associations with a multi-billion-dollar accounting scandal that
sent some of its executives to jail.
Shares in CA, which closed down 3.1% at $19.63 Tuesday, have
fallen about 13% since the beginning of the year, underperforming
the broader market.
-By Joan E. Solsman, Dow Jones Newswires; 212-416-2291;
joan.solsman@dowjones.com