LoudCloud boss's pockets get a silver lining

Horowitz laughing all the way to the bank over failing share price...

Horowitz laughing all the way to the bank over failing share price...

LoudCloud CEO Benjamin Horowitz has trousered a 19 per cent pay rise despite taking his company's shares to nearly a quarter of their flotation price. The chief of the internet services company backed by Netscape pioneer Marc Andreesen will receive a $250,000 basic salary - up 19 per cent. He also received a $50,000 bonus, up from nothing the year before. He also accrued one million new options, which could net him $5.9m if the company's share price rises 10 per cent over the lifetime of the options, the Reuters news service reported.