CDW's Edwardson Got Options Worth Up To $335 million

John Edwardson, CEO of CDW Computer Centers, received stock options last year that could be worth more than $335.6 million by the time they mature, according to a company filing with the U.S. Securities and Exchange Commission.

Edwardson, in his first year as chief executive of the company, was also paid $546,923 in salary and received a bonus of $874,003.

According to CDW's proxy statement, Edwardson was issued stock options at an exercise price of $36.63 per share when he took the helm of the company. CDW's closing stock price on April 12 was $49.41, down from its 52-week high of $60.

CDW, Vernon Hills, Ill., raised its national profile last year with a series of well-received prime-time television commercials. The company was also profitable in every quarter of the year in 2001.

The company reported 2001 revenue of just under $4 billion.