Smith - While the median cash bonus reported was $50,000, the average was $134,050 (a few respondents reported receiving very high joining bonuses). What is the average salary for CEOs at Fortune 500 companies? . The public energy sector was the second-highest-paying . The year 2019 was actually a bit of a letdown for CEOs compared to 2018, which saw a 7.2 percent average increase compared to 2016. Salary: $710,385Bonus: $834,079Stock and options: $2,190,187Other: $18,478Total: $3,753,129. Chief Technology Officer CTO; Chief Marketing Officer CMO; Chief Human . Salesforce did not respond to a request for comment. (Copyright 2023 Salary.com) View full job description, Employers: Job Description Management Tool. One company paid a $3.89 million annual salary to fill its CISO position. REDWOOD CITY, CA (August 24, 2016) - Pay for S&P 500 chief financial officers (CFO) has increased steadly over the past five years, according to a new report from Equilar, CFO Pay Trends 2016. 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. Ohio-based Abercrombie & Fitch CEO, Fran Horowitz, is a female CEO with an average annual salary of $201,000. The CTO may decide when technologies need to be updated, so it is important to stay up to date with developments in the field. El Paso, TX, gpac - Poulters stay at Starwood was relatively briefin January of 2018 she jumped ship (pun intended) to become CIO at Royal Caribbean Cruisesbut was lucrative, as her place on our list attests. Compared to the industry average of $70,097 per year, the average annual salary at Fortune 500 is $57,126, which is 18.50% lower. Consumer defense, for example surged by nearly 10 percent between 2018 and 2019. Job Description for Chief Technology Officer. Now hes running the show, thanks in part to a keen understanding of how IT can, How much do CIOs really make? our Subscriber Agreement and by copyright law. Search thousands of open positions to find your next opportunity. Change of employer: Follow us He achieved this by exercising Tesla stock options given in a 2018 multiyear moonshot grant. Salaries are different between men and women. 2011 Fortune 500. In 2020, the Associated Press did a survey of these top companies in the United States and determined that the average median pay of their CEOs was over $12.3 million in 2019. Elon Musk, Tesla: $23.5 billion. Fortune magazine ranks companies by their total revenues each year. Salaries at Fortune 500 can vary depending on the department or organizational function. 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. This can be compared to Billerica, MA, where Fortune 500 employees earn an average salary of $63,241. International Business Machines (IBM) Corp. Project Manager, (Unspecified Type / General). DXC Technology Salaries trends. While its true that a Chief Technology Officer may have to wear many different hats in their time (particularly at a startup), the role does have an official definition with which we can work from. Distribution and use of this material are governed by Now, a quarter-century after the first CISO emerged, every one . Salary: $525,000Stock and options: $1,149,250Other: $637,477Total: $2,311,727. In 2021, Musk "realized" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear moonshot grant. 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. Under his leadership, Netflix went from a DVD mail delivery service to an online streaming heavyweight. By Zippia Team - Sep. 28, 2022 The average salary of a Fortune 500 CEO is $15.9 million per year. Looking at our data, we can see that employees at Fortune 500 earn more in some areas than others. 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. Establishes technology standards and communicates technical information to the organization. Compensation data tools, salary structures, surveys and benchmarks. He became company CIO in 2005, and even though he left in 2016, his sizable deferred compensation, mostly in the form of stock and options, still places him among the highest-paid tech execs in the country. 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. While the CEO of a smaller company will have a hands-on role within the company, such as hiring staff, meeting with customers or watching over production, this isn't usually the case in a large enterprise like a Fortune 500 company. These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Chief Technology Officer in the United States. Dave Barnes is a true UPS company man, starting off in 1977 as a package loader and using his wide knowledge of what the company doesranging from operations, to industrial engineering, to finance, to information technologyto rise through the ranks as UPS went worldwide in the 80s and 90s. ManpowerGroup is a worldwide staffing agency, and Ram Chandrashekar oversees its IT functions from Singapore, where he also serves as President of the companys Asia Pacific Middle East region. Salary: $475,000Bonus: $1,122,100Stock and options: $590,445Other: $20,248Total: $2,207,793. 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. Tyler Best knows cars and IT: hes held senior IT roles at Vanguard Car Rental, Budget Rent-a-Car, and Ally Financial, which used to be GMs lending arm. Plus, 60% off clearance with American Eagle promo code, Wayfair promo code: 10% off any single purchase. The average big-company CEO made 351 times the pay of the average worker on a realized basis in 2020, according to the Economic Policy Institute (EPI), which has tracked the metric for decades, up from a 21-to-1 ratio back in 1965. Fasano is currently the CEO of Bay Advisors, LLC. By Milan Shetti, CEO Rocket Software, Since joining XPO in 2011 as CIO, Mario Harik has worked alongside founder Brad Jacobs to create a $7.7 billion business that has technology innovation in its DNA. 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.. The average Fortune 500 CIO receives $2.6 million in compensation, a significant increase over 2015's $1.9 million. According to research by Equilar, in fiscal year 2019, the 50 highest-paid HR executives at Russell 3000 companies received an average annual compensation package of nearly $4.3 million, up from $3.6 million the year before. 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. Data source: Craft Base salary makes up only 8% of total compensation. Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices. CTO (Chief Technology Officer) Salary by Years of Experience The average salary for a CTO (Chief Technology Officer) with 7+ years of experience is $253,227. The wages at VitalChek average higher than the other similar companies, where the median salary is $93,303 per year. AP News: CEO Pay Has Topped $12.3m. on a scholarship before entering the business world. Broadcom did not respond to a request for comment. How much do Ct Tech Llc employees Hourly make in the United States? Average Fortune 500 hourly pay ranges from approximately $14.97 per hour for Customer Engineer to $17.89 per hour for Field Service Technician. He has been CEO of Broadcom since Avago's $37 billion acquisition of the semiconductor company in 2015. He retired in February of 2018. Salary: $653,368Bonus: $1,302,852Stocks and options: $2,772,636Total: $4,728,856. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. Of the Fortune 500 companies surveyed, about 84 percent paid their CEOs the equivalent of more than 100 of their workers, while 97 percent could pay a median-salaried employee for 45 years with the CEO's salary. Fortune 500 employees in Merced, CA, Billerica, MA, and Thomaston, CT are the highest paid. This button displays the currently selected search type. Meanwhile, the average U.S. worker saw a wage increase of $1,303 per year over the past decade, earning on average just $58,260 in 2021. paywatchMenu Paywatch Highest-Paid CEOs Company Pay Ratios 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. Revenue surged 61.4%. Executive Managing Director, Express Employment Professionals - 1. It is also important to keep Read more, Our data indicates that the highest pay for a Chief Technology Officer (CTO) is $255k / year, Our data indicates that the lowest pay for a Chief Technology Officer (CTO) is $93k / year. Mike McNamara began his tech career at British retailer Tesco in the late 90s, helping roll out its website and overseeing its IT and supply chain businesses, then expanding the companys operating model outside the UK. Like many execs on this list, Stevens wears multiple hats, responsible not just for IT at CDW but for the companys distribution centers, transportation facilities and customer relations as well. At RBC, he helped launch one of the first internet-based cash management services. PayScale estimates that the average annual salary for CTOs is $155,079; CTO salaries range from $86,652 to $235,647. 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. New York. 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. How much does a CTO at a Fortune 500 company make? Often, the CEO will have a seat on the board and may even run the board as its chairperson. Most of this data is obtained from the Annual Reports of Fortune 500 companies which provide compensation details on their highest paid executives. Tim Cook (Apple) makes $3 million/yr. Many of Nadella's peers likely believe he deserves a huge payday. Countries. That wasby farthe biggest CEO payday in 2021, according to our new analysis of how Fortune 500 CEOs are compensated. The company has recently cut costs after losing subscribers as the world re-opens after the pandemic. The average CEO salary of a California based CEO is $228,270. Mobilize real-time data and quickly build smart, high-growth applications at unlimited scale, on any cloudtoday. Countries. At Foot Locker, hes responsible for both outward and inward facing tech, ranging from CRM and supply chain to channel customer experience. The company ranked 134 on this year's Fortune 500. IT Management, Strategy Development, Infrastructure Management, Data Governance These specific companies were chosen because they had been the first to publicly disclose how much their CEOs earned compared to their other employees, a requirement of U.S. law made in 2015 as an amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. Typically reports to Chief Information Officer or Chief Executive Officer. Part of the reason for this was that the company fell short of the performance metrics set by the company's board of directors. A CTO reported a yearly salary of $250,000. With the world's economy, as well as the livelihoods of millions of American workers, practically within their hands, few would deny that CEOs deserve to be well-paid. According to Salary.com, the median CEO salary was $822,300 in September 2020. Salary: $330,279Bonus: $617,490Stock and options: $376,696Other: $584,235Total: $1,908,700. Ray has worked as for the better part of two decades as an executive in the wireless telephony industry, starting as network vice president at Pacific Bell Mobile Services (one of the ancestors of AT&T Mobility) in 1996 before jumping ship to VoiceStream (which later became T-Mobile) in 2000. The median target total compensation (TTC) for CEOs increased 5% from $7.77 million in 2019 to $8.16 million in 2020. The estimated additional pay is $105,280 per year. Search more salaries here: Understanding The Salary Benchmarking Process, Chief Technology Officer Salaries with No Diploma, Chief Technology Officer Salaries with a High School Diploma or Technical Certificate, Chief Technology Officer Salaries with an Associate's Degree, Chief Technology Officer Salaries with a Bachelor's Degree, Chief Technology Officer Salaries with a Master's Degree or MBA, Chief Technology Officer Salaries with a JD, MD, PhD or Equivalent, 10th Percentile Chief Technology Officer Salary, 25th Percentile Chief Technology Officer Salary, 50th Percentile Chief Technology Officer Salary, 75th Percentile Chief Technology Officer Salary, 90th Percentile Chief Technology Officer Salary, Detailed skills and competency reports for specific positions. Amongst the salary groups, the top executives or the senior management are expected to see an increment by 9.1% in 2023, whereas the middle management is expected to see a salary hike by 10.1%. 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. Today he serves on the board of several health-related companies, including Wellmark Blue Cross Blue Shield and The Vitamin Shoppe. The estimated total pay for a Chief Technology Officer (CTO) is $275,235 per year in the United States area, with an average salary of $170,037 per year. Trusted by 400K users from 76% of Fortune 500 companies. .css-i6hrxa-Italic{font-style:italic;}Data illuminating technology's growing value in the business, and the evolution of leadership in the digital age. Directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. But when it comes to execs at big companies, we have a window: publicly traded corporations are required by law to disclose the compensation paid to their top execs. How much does a Chief Technology Officer make in the United States? When expanded it provides a list of search options that will switch the search inputs to match the current selection. Carters compensation was also padded by various perks, including use of a private jet and security services. The national average salary of a CTO is $133,251 a year. Here are the highest-paid CEOs. About The Author. 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. The national average salary for a Chief Technology Officer (CTO) is $170,011 per year in United States. After a stint in Air Force intelligence, David Thompson ended up in IT management in a number of Silicon Valley heavy hitters: he was SVP and CIO at PeopleSoft, where he oversaw a transition to the company using its own applications internally. On top of salary, average CTO bonuses total $24,147 (in a range from $2,522 to $73,766), average annual profit sharing is $19,327 (ranging from $1,932 to $60,536), and commissions average $30,000 annually ($4,500 to $85,000). Ct Tech Llc pays an average hourly rate of $1,669 and hourly wages range from a low of $1,451 to a high of $1,916. She started at 3M in 1983 upon graduating from college as a materials control analyst; she became an IT analyst two years later and worked her way up the ladder of various tech jobs, assuming the role of Business IT Director of numerous divisions before becoming CIO in 2003. Our research shows that Black professionals' experiences in tech are different from those of other professionals and have led to less satisfac. She left Norfolk Southern in 2015, but still receives deferred compensation of various sorts; most of it takes the form of retirement benefits, which are generous enough to put her at number 11 on our list. This was driven by an increase of 2% to base salary, 4% to target bonus and 5% to long-term incentives. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The employee data is based on information from people who have self-reported their past or current employments at Fortune 500. Salary: $473,333Bonus: $553,449Stock and options: $1,020,004Other: $59,760Total: $2,106,546. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $278,100 to $403,700 with the average total cash compensation of $331,000. For a real-time salary target, tell us more about your role in the four categories below. The average Chief Technology Officer salary in the United States is $275,786 as of January 26, 2023, but the range typically falls between $245,058 and $305,027. These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of CTO in the United States. Deborah Butler has a background in a number of disciplines that she exercised in nearly 40 years at Norfolk Southern, ranging from operations to regulatory environment to strategic planning. 500 companies which provide average cto salary fortune 500 details on their highest paid executives 500 can depending. September 2020 for Field service Technician Fran Horowitz, is a female with. Chief Marketing Officer CMO ; Chief Human $ 4,728,856 and what employees are looking for in their role... One of the performance metrics set by the company 's board of health-related! 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