Salary: $553,846Bonus: $2,780,000Stock and options: $3,143,627Other: $78,648Total: $6,556,121. Jobs with a similar salary range to Chief Technology Officer : They also rank higher than the vice president and many times, the Managing Director. At median, CEO pay was 3.0x the CFO; i.e., for every $1.00 paid to the CFO, the CEO was paid approximately $3.00 At median, CEO pay was 4.0x the GC; i.e., for every $1.00 paid to the GC, the CEO was paid approximately $4.00 CAP also analyzed the S&P 500 senior executive pay ratios by industry. What is the average salary for CEOs at Fortune 500 companies? PwC's 2023 CEO Survey reveals that CEOs are spending the majority of their These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Fasano is currently the CEO of Bay Advisors, LLC. Matt Carey has worked at Home Depot for nearly a decade and oversees all aspects of IT infrastructure and software development for its sprawling network of stores and distribution centers, as well as the corporate website and supply chain. CIO Stats: Average Fortune 500 CIO Compensation Tops $1.4 Million, Korn/Ferry Says - WSJ U.S. 10 Yr Crude Oil Yen DJIA Print Edition Latin America U.S. Central Banking Private Equity Art &. 1. Step 3: Remember That Executive Compensation Is Not Only About Salary. Salary.com's CompAnalyst platform offers: Take just three simple steps below to generate your own personalized salary report. Lenovo Late Night I.T. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. This button displays the currently selected search type. Apple finished the year with a gargantuan $95 billion in profitsoutperforming every other U.S. company on that front. The engineering department also pays well, with an average salary of $87,375 per year. Individual pay rates will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. What is the definite definition of empathy? Average Dev + Engineer salaries in Chicago Salary.com's CompAnalyst platform offers: Take just three simple steps below to generate your own personalized salary report. Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? She noted that Kotick had reduced his salary to $62,500 last year, and praised his 31-year tenure for making Activision one of the most successful global gaming com- panies in the world.. Managing Experience: If you are a Chief Technology Officer (CTO) Most of this data is obtained from the Annual Reports of Fortune 500 companies which provide compensation details on their highest paid executives. Anil Cheriyan has been in IT most of his career, working with systems, customer information, data warehousing and e-business engagements at PwC and helping financial services sector clients with business systems transformation, technology and process re-engineering initiatives at IBM Global Business Services. Our research shows that Black professionals' experiences in tech are different from those of other professionals and have led to less satisfac. More answers below Because the value of unexercised options is unpredictable, we did not consider them in our tabulation of total compensation. Some big news today: CVS Health will acquire Oak Street Health, a leading value-based primary care company helping older adults stay healthy and live life more Broadcom, which designs and manufactures a wide range of semiconductor and software products, ranked 128 on this year's Fortune 500. A healthy stock grant boosted him onto our list for the first time. After cutting his teeth consulting with Deloitte and IBM, Scott Laverty got into the retail business as CIO of Borders Books and Head of Retail for HCL AXON. CTO (Chief Technology Officer) salaries are based on responses gathered by Built In NYC from anonymous CTO (Chief Technology Officer) employees in New York. He or she leads the efforts of the technology development within the company. In 2014, he jumped ship to AIG to take on the same title in a role that was newly created within that company. our Subscriber Agreement and by copyright law. Meg McCarthy has an interesting background for a tech exec: a masters in public health and a rank of lieutenant commander in the U.S. Navy Reserve. Revenue rose 24.7% percent in 2021. By the mid 00s he had moved to become CIO at Oracle, then spent a spell in the same role at Symantec before joining Western Union in 2012. In the past 10 years, CEO pay at S&P 500 companies increased by more than $540,000 a year to an average of $18.3 million in 2021. . Berkshire Hathaway had the smallest ratio of 2 to 1, with CEO Warren Buffett earning only $100,000 that year, by far the lowest-paid CEO surveyed. CTO Equity Compensation / Stock Options Companies that are public or have over 10k+ employees typically offer their employees the least equity as most. . Median chief executive officer total direct compensation (the sum of salary, short-term incentives and long-term incentives) is $425,000 for the entire survey population of family businesses. A Florida CEO salary is relatively smaller at $187,870 per year. About Lene Skovbjerg's Current Company. DXC Technology Salaries trends. Before joining Big Lots, her background was in planning at various department store brands. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. How Much Money Do Oil Refinery Workers Make? from one year to another. The average Fortune 500 CIO receives $2.6 million in compensation, a significant increase over 2015's $1.9 million. Salary: $468,462Bonus: $948,336Stocks and options: $8,015,929Other: $293,626Total: $9,726,353. Mattel had the highest ratio of 4,977 to 1. The chief technology officer (CTO) is the individual within an organization who oversees the current technology and creates relevant policy. Salary.com also found that when it comes to salary percentage increases, the. Data source: Craft Base salary makes up only 8% of total compensation. 25+ search types; Win/Lin/Mac SDK; hundreds of reviews; full evaluations. The most typical earning is $42,000 USD. In her current role, shes in charge not just of IT but also global security, travel, and real estate services. The question is usually whether or not the Fortune 500 CEO compensations should be as exorbitant as they are. 2011 Fortune 500. Musk did not respond to Fortune's requests for comment. New York. Fortune 500 pays $27.46 an hour, on average. Microsoft posted a robust 38% increase in profits last yearearning $61 billion, the fourth-largest sum among Fortune 500 companiesas revenue rose 17.5% to $168 billion thanks to a successful Surface laptop and tablet launch. Robert Carter has been with FedEx since 1993, and he sets the technology direction of the shipping giants applications, networks and data centers. While Eastman exceeded its targets for growth and innovation, the amount of cash generated by the company that year, as well as employee safety targets, were not met. This story was originally featured on Fortune.com, Patrick Pleuldpa-Zentralbild/ZB, picture alliance via Getty Images, our new analysis of how Fortune 500 CEOs are compensated, Brazil's Americanas execs omitted info to audit committee, local media reports, US pick to head World Bank, ex-Mastercard CEO Banga, starts 'charm offensive', Stock market news today: S&P 500, Nasdaq fall, yields rise after hawkish Fedspeak, US STOCKS-S&P, Nasdaq weak as manufacturing stokes Fed concerns, Stocks mixed ahead of closing bell, retailers experienced a turbulent February session. The American Cancer Society said about 20% of new colorectal cancer diagnoses were in patients under age 55 in 2019, compared with 11% in 1995. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. For example, CTOs at companies that have raised Over 30M typically get between 0 and 1M+ shares. But JCPenney was on hard times, and by the end of 2015 Laverty left the company. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Microsoft did not respond to a request for comment. Establishes overall direction and strategic initiatives for the given major function or line of business. Forbes, Fortune, Money, CNN, and MarketWatch are all pretty close to the same numbers for Fortune 500 CEOs. Several factors can contribute to a CTO's salary, including their location and industry. Analyze the market and your qualifications to negotiate your salary with confidence. Individualize employee pay based on unique job requirements and personal qualifications. The average CTO salary in the United States is $275,800 as of January 26, 2023, but the range typically falls between $245,100 and $305,100. After bouncing among more general top-level divisions, she assumed the more exalted title of SVP of Business Transformation and IT in 2013, which is the job that earned her the well-compensated place on this list. However, there's a significant range between what the company pays the top 10 percent and the bottom 10 percent of earners. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Salary ranges can vary widely depending on many important factors, including education , certifications, additional skills, the number of years you have spent in your profession. Pawan Vermas career has been focused on retail and ecommerce: after stints at Convergys and Verizon Wireless, he spent two years as VP of Digital Technology and API Platforms at Target, where his bailiwick ranged from marketing tech to the companys online store. He was hired by JCPenney in 2012, and within a year had taken on the CIO position, responsible for strategy and execution of tech projects across the company. The estimated additional pay is $105,280 per year. Recruited for positions in departments such as technical engineering, legal, sales, and finance. Oracle did not respond to a request for comment. Distribution and use of this material are governed by Why do people leave their jobs? Your input helps Glassdoor refine our pay estimates over time. Jobs in business are in increasing demand, requiring workers with at least a bachelors degree and moderate to advanced technical skills, with the use of data often a required job function. The findings are of critical importance as the solar industry experiences unprecedented growth. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. These Fortune 100 employers have at least 350 openings each. C-Suite gets its name from the titles of top senior executives . Fortune 500 Internal Recruiting Department. A published author and professional speaker, David Weedmark has been a hiring manager and recruiter for several companies and advises small businesses on technology. One company paid a $3.89 million annual salary to fill its CISO position. Follow us Get the latest market price for benchmark jobs and jobs in your industry. . Of the five CEOs who had the worst returns, four of them made less than the median value of $12.4 million, while one remaining CEO took home slightly more. The most accurate data ever CCPA Compliant GDPR Compliant 150M . How Cultural Diversity Affects Women in the Workplace. $10M to $100m to $3B revenue range, public company CFO salary by revenue. What your skills are worth in the job market is constantly changing. Fallon, NV. A chief technology officer (CTO) is the highest technology executive position within a company and leads the technology or engineering department. This includes the aforementioned A. Jayson Adair, who raked in only $203,000 in 2018. Private-sector readings show job postings receding more than government reports of job openings. Block, Inc., PayPal Holdings, Inc., RE/MAX HOLDINGS INC, Based on HR-reported data: a national average with a geographic. - Emmy-nominated host Baratunde Thurston is back at it for Season 2, hanging out after hours with tech titans for an unfiltered, no-BS chat. For a real-time salary target, tell us more about your role in the four categories below. While hes moved down this list a bit since last year, a sizeable stock grant kept him in the top 25. Yearly Salary. Hes not as far up the list as he was last year, but his sizable performance bonus kept him in the mix. The estimated total pay for a Chief Technology Officer (CTO) is $275,291 per year in the United States area, with an average salary of $170,011 per year. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. Executive Managing Director, Express Employment Professionals - This copy is for your personal, non-commercial use only. CEO pay in technology increased by 8.4 percent, and CEOs in real estate and utilities saw an average increase of 7.9 and 7.7 percent respectively. How much does a Chief Technology Officer (CTO) in United States make? Filter by location to see a Chief Technology Officer (CTO) salaries in your area. People with the job title CTO (Chief Technology Officer) make the most at companies with 501-1,000 employees, earning $286,262 on average. Salary: $710,385Bonus: $834,079Stock and options: $2,190,187Other: $18,478Total: $3,753,129. Schleifer is the co-founder and CEO of Regeneron, a biopharmaceutical company that makes a variety of medications that treat asthma, cancer, chronic pain, and more. Get started by entering your email address below. Tim Cook (Apple) makes $3 million/yr. The Average private company CFO Salary in 2022 According to CFO.com, the average cash compensation for a CFO in a private company with less than $20MM in annual revenue is $194,354. Today he serves on the board of several health-related companies, including Wellmark Blue Cross Blue Shield and The Vitamin Shoppe. Learn about how to become one, education requirements, job duties, traits and qualities, national salary outlook as well as top national employers of Chief Technology Officers. In an emailed statement, a spokesperson reiterated that Activision Blizzard had valued Kotick's "granted" (but not realized) compensation in 2021 at $826,549. Cook has been CEO of Apple Inc. since 2011. The estimated total pay for a CISO is $215,256 per year in the United States area, with an average salary of $156,368 per year. For non-personal use or to order multiple copies, please contact The wages at VitalChek average higher than the other similar companies, where the median salary is $93,303 per year. We are unable to provide details of Scotts departure, his employers said cryptically, but two years later theyre still sending him enough deferred compensation for him to make it onto this list. What are the multiple roles of a successful introductory paragraph? Compensation for CEOs and other C-level executives varies from one business sector to another. It's no secret that workers earn different salaries in different parts of the country, since the cost of living can be much higher in certain areas. We use cookies to ensure that we give you the best experience on our website. A healthy bonus put him high on our list for this year. Fortune 500 may also be known as or be related to Fortune 500 and Fortune 500 Inc. No, the pay is not good at Fortune 500. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. The average CT Technologist salary in the United States is $74,003 as of January 29, 2021, but the salary range typically falls between $67,699 and $80,952. CEO pay dwarfs that of the average employee. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. When calculating a CEOs total realized pay, we measured the following for the companys most recent fiscal year: salary and bonuses; other compensation such as vested restricted stock grants, long-term incentive payouts and perks; and stock gains in the form of value realized from exercising stock options. VPs at F500s aren't necessarily at the very top. The average Deputy Director of Finance salary in Dana Point, CA is $135,078 as of January 26, 2023, but the salary range typically falls between $115,291 and $156,955. The highest salary for a Chief Technology Officer (CTO) in United States is $308,146 per year. Being a Chief Technology Officer monitors and analyzes technology and trends that could improve the company's products and performance. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. The list can include public companies, private companies and cooperatives. Clients are typically $50 million in revenue to Fortune 1000's or have assets between $500 million to $15 billion. Get Salary Data on All Global He netted more than $13 million, mostly from various forms of deferred compensation, though he also provided some consulting services to the company as recently as 2017. Gargantuan $ 95 billion in profitsoutperforming every other U.S. company on that front boosted him onto our list the! 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