Misys' executive chairman Kevin Lomax saw his total salary package fall by £280,000 for 2004, as poor returns from the software firm's banking and securities division decimated top-level bonuses.
Finance director Huw Evans and corporate development director Jasper McMahon joined Lomax in missing out on bonus pay-outs for the final year ending May 2004 "as the applicable group-wide performance conditions were not met".
Lomax will feel the loss greatest as his total package fell 38% from £715,848 to £435,523.
Retiring directors John Sussens and Robert Graham each picked up hefty bonuses relating to targets set for the businesses under their command during the hand-over process. Sussens walked away with a £158,000 hand-out, while Graham pocketed £100,000.
In July, Misys posted a 22% decline in operating profits and an 11% drop in group revenue for the year ending 31 May 2004. Misys' share price has plummeted 43% over the year from a high of 316.75 pence to 179.75 pence as spending constraints in the banking business continue to shackle performance.