SiliconBeat

Given the number of Silicon Valley executives seeing their salaries cut recently, it may comfort s0me C-level leaders to know that at least one CEO, CyberSource’s William McKiernan, is getting a pretty fat raise.

According to a filing the company made Monday, the compensation committee of CyberSource’s board of directors pushed McKiernan’s pay up by $80,0000 to $465,000, beginning this month. That works out to a 21 percent raise, far larger than that of the company’s other named executives and twice the size of the raise he got the year before.

Chief Financial Officer Steve Pellizer also got a raise, but of a relatively more moderate sort: an extra $15,000, or 15 percent, to $305,000. Michael Walsh, the company’s vice president of sales received an $8,000 raise, which worked out to 3 percent, bringing his salary to $275,000.

Two of the company’s five top officers got no raise. Salaries paid to the company’s chief operating officer, Scott Cruikshank, and chief technology officer, Robert Ford, remained unchanged at $325,000 and $285,000, respectively.

McKiernan, who founded the company in 1994, owns some 3 million shares, or about 5 percent of CyberSource’s shares outstanding. The stock, which lost 33 percent of its value in 2008 is up 31 percent so far this year.