10/31/2009 - Intuit Inc. (NASDAQ:INTU) gave CEO Brad Smith compensation valued at $3.6 million, according to an Associated Press report. The compensation was about half of what he earned last year. Smith's salary was boosted 5% to $800,000 for fiscal year 2009 and was awarded stock and options worth $1.9 million at the time they were granted, which was down 61% from the $4.9 million that he received in the year prior. According to an SEC filling, Smith's performance-based cash compensation was also cut in half to $828,000. Smith has been president and CEO since January 2008 and the lower compensation is a result of the company's profit narrowing due to the recession.

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