Autodesk 2011 Annual Report Download - page 32
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These companies all have headquarters located in the San Francisco Bay Area, with the exception of BMC
Software with headquarters in Houston, Texas; CA, Inc. with headquarters in Islandia, New York; and EMC
Corporation with headquarters in Hopkinton, Massachusetts.
Our peer group is reviewed and updated, as necessary, each year to ensure that the comparisons are
meaningful. Several factors are considered in selecting our peer group, including industry, products and services
offered, revenue level, geographic location, and competition for executive talent in our labor markets. McAfee
will be removed from the peer group in fiscal 2012 as a result of its acquisition by Intel Corporation in February
2011.
Elements of Executive Compensation Programs
Autodesk’s executive compensation program has three key components:
• base salary,
• short-term cash incentive, and
• long-term equity incentives
The Company also provides a comprehensive benefits program and, under certain circumstances, severance.
These programs are designed to attract, retain, and motivate highly effective executive officers to achieve
our business goals and improve stockholder value, by linking compensation to our overall strategic and financial
performance, while seeking to ensure that our executive officers do not take unnecessary or excessive risks that
could harm the Company and our stockholders. These programs are also intended to mitigate potential conflicts
between incentives that benefit any one executive to the detriment of the Company and our stockholders.
Although the amount and mix of each of these three key components generally are determined by objective
assessment, the Compensation Committee retains and exercises judgment and subjective assessments in its
ultimate compensation decisions.
Elements of Executive
Compensation Program Purpose
Base Salary Base salary provides fixed annual cash compensation set at a competitive
level that recognizes the scope, responsibility and skills required of the
position.
Base salary compensation is a reliable source of income for our executive
officers, an important part of retaining our executive officers, and is not
subject to the variability of the short-term cash incentive and long-term
equity incentive components of our executive compensation programs.
Short-term Cash Incentive Plan
and Sales Commissions
Our annual short-term cash incentive plan is intended to motivate and
reward participants to ensure Autodesk achieves its annual financial and
non-financial objectives as well as individual objectives.
Sales commissions are a portion of total targeted cash compensation
designed to motivate sales executives to achieve revenue and contribution
targets.
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