Hjelm in on our list for the second year in a row, and a sizable bonus sends him further towards the top. . 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. But JCPenney was on hard times, and by the end of 2015 Laverty left the company. Not the job you're looking for? The amount you earn as a CTO may vary based on your education level, work experience and skill set. Average CFO salary by revenue for both public and private companies. Benioff founded Salesforce in 1999, adopting the marketing slogan "The End of Software." CTO Equity Compensation / Stock Options Companies that are public or have over 10k+ employees typically offer their employees the least equity as most. While responsibilities vary from one company to another, a CEO is usually tasked with things such as: In 2018, Minnesota Congressman Keith Ellison (D) released a report on 225 of the Fortune 500 companies' CEOs. 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. After Musk, the 10 most highly compensated Fortune 500 CEOs of 2021 are all tech and biotech CEOs, including the heads of Apple, Netflix, and Microsoft. . How much do Ct Tech Llc employees Hourly make in the United States? The company has recently cut costs after losing subscribers as the world re-opens after the pandemic. In December 2021, Oracle announced a $28 billion deal to acquire electronic health records company Cerner; as of May 2022, that deal was still under regulatory review in the U.S. and Europe. Establishes technology standards and communicates technical information to the organization. Salary: $653,368Bonus: $1,302,852Stocks and options: $2,772,636Total: $4,728,856. Has acquired the business acumen and leadership experience to become a top function or division head. 201-500 Employees. Transform pay with our enterprise-grade comp platform, Automate compensation with our full-suite solution, Payscale's employer-reported salary data network, The world`s largest employee-submitted pay database, Annual survey salary data from HR industry publishers, The crowdsourced compensation data API for developers, 100% company submitted data from 2,000+ businesses, Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Comp Planning Business Case Pitch Deck By clicking Download Pitch Deck, you. Kotick became CEO of Activision in 1991. They're hiring! 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 What is the average salary for a CT Tech? Additional pay could include cash bonus, commission, tips, and profit sharing. With an average income of over $12.3 million, CEOs continue to see their paychecks swell year after year, while the average U.S. worker's salary has flatlined for the past 40 years. What Is Included in a CEO Golden Parachute? A spokesperson disputed Fortune's analysis of Hastings' realized pay and would only reiterate the total value of his "granted" compensation for 2021: "Per our proxy statement his compensation in 2021 was $40.8 million, with $650,000 in cash and $39.7 million in stock options.". 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. PayScale estimates that the average annual salary for CTOs is $155,079; CTO salaries range from $86,652 to $235,647. Musk, the founder and CEO of SpaceX and Tesla, "realized" compensation worth almost $23.5 billion in 2021, from exercising some Tesla stock options awarded in a 2018. While the median cash bonus reported was $50,000, the average was $134,050 (a few respondents reported receiving very high joining bonuses). For non-personal use or to order multiple copies, please contact Additionally, Chief Technology Officer typically requires an advanced degree in Computer Science or Engineering. http://blogs.wsj.com/cio/2016/09/12/small-data-what-fortune-500-cios-get-paid/. IT Management, Strategy Development, Infrastructure Management, Data Governance The full list is below. . . This is usually the highest position related to technology within a company. The average estimated annual salary, including base and bonus, at Mary Kay is $116,927, or $56 per hour, while the estimated median salary is $108,629, or $52 per hour. Average Development Dimensions International Salary, Average Hyperion Materials & Technologies Salary. 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. She assumed the job of EVP of International Operations later in 2017. The average base salary for a CTO is 11,43,348 per year. This is his second year in a row on the list, and his compensation saw a slight bump from last year. In 2012 he became SunTrusts CIO, where he worked to unify a siloed technology department. Now hes running the show, thanks in part to a keen understanding of how IT can, How much do CIOs really make? Users complain about glitches and employees say they are stretched thin, but the site largely keeps running. The highest salary for a Chief Technology Officer (CTO) in United States is $308,146 per year. They develop policies and procedures and use technology to enhance products and services that focus on external customers. He has been CEO of Broadcom since Avago's $37 billion acquisition of the semiconductor company in 2015. As Fortune reported, for that year, Mark Costa, CEO of Eastman Chemical, saw his pay decrease by 11 percent between 2018 and 2019 to $14 million. Salary: $601,675Bonus: $772,933Stock and options: $1,318,029Other: $45,730Total: $2,738,367. 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. A published author and professional speaker, David Weedmark has been a hiring manager and recruiter for several companies and advises small businesses on technology. Fortune: On Average, Top CEOs Make Over $12.3 Million. What are they . Individualize employee pay based on unique job requirements and personal qualifications. DXC Technology Salaries trends. Thats a piece of information that everyone wants to know about everybody elseand isnt eager to share themselves. All data are based on 119 salary surveys. And we scoured the proxy statements of the 500 largest U.S. companies to find 25 that disclosed CIO pay. Hauppauge, NY. Revenue for the company rose 14.9% in 2021. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Some Fortune 500 and Global 2000 corporations are giving their information security head honchos oftentimes those with military backgrounds seven-figure pay packages. . InSights Blog. The Los Angeles Times reports that big companies are paying big bucks to its top cyber fighters. Smith - Copyright 2023 IDG Communications, Inc. - 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. The estimated additional pay is $105,280 per year. Find out the highest paying jobs at Fortune 500 and salaries by location, department, and level. In 2015 she took on the role of CIOironically being outpaid by her predecessor Deborah Butler, whose deferred compensation put her at number 11 on our list. Compensation data tools, salary structures, surveys and benchmarks. 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. 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. When expanded it provides a list of search options that will switch the search inputs to match the current selection. This copy is for your personal, non-commercial use only. The employee data is based on information from people who have self-reported their past or current employments at Fortune 500. Fortune 500 pays $27.46 an hour, on average. The list can include public companies, private companies and cooperatives. New York. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Construction, Repair & Maintenance Services, Anonymously share your pay to help the community. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. Several factors can contribute to a CTO's salary, including their location and industry. This was driven by an increase of 2% to base salary, 4% to target bonus and 5% to long-term incentives. CEOs can be paid in several ways, including a salary, bonuses, stock awards, stock options, dividends from those stocks or any of numerous perks. 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. The gaming giant, best known for games like Call of Duty and World of Warcraft, ranked 396 on this year's Fortune 500. Worked with 15-30 Hiring Managers on average . The estimated additional pay is $95,568 per year. Adriana Karaboutis cut her teeth at GM, where she worked for more than 20 years on projects related to computer-integrated manufacturing and supply chain operations, eventually moving to a service-oriented architecture. 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. 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. The former honors student went from living in a luxury penthouse with other executives at FTX to becoming the latest member of the crypto exchanges inner circle to plead guilty to fraud. Salary: $533,300Bonus: $524,400Stocks and options: $1,418,400Other: $55,900Total: $2,532,000. Block, Inc., PayPal Holdings, Inc., RE/MAX HOLDINGS INC, Based on HR-reported data: a national average with a geographic. He achieved this by exercising Tesla stock options given in a 2018 multiyear moonshot grant. This includes the aforementioned A. Jayson Adair, who raked in only $203,000 in 2018. Despite rampant employee complaints and several lawsuits over sexism, harassment, and Koticks personal mismanagement of assault claims at the game developer, Microsoft in January agreed to buy Activision for $68.7 billion, in what would be its largest acquisition to date. While hes moved down this list a bit since last year, a sizeable stock grant kept him in the top 25. Establishes overall direction and strategic initiatives for the given major function or line of business. In 2015 he jumped ship to join the executive team at Target, and currently has umbrella authority over most of that companys tech initiatives, from developing long-term tech roadmaps to overseeing the companys website and the in-store technology. In an emailed statement, a spokesperson reiterated that Activision Blizzard had valued Kotick's "granted" (but not realized) compensation in 2021 at $826,549. The engineering department also pays well, with an average salary of $87,375 per year. Salary: $694,773Bonus: $696,851Stock and options: $1,552,317Other: $57,816Total: $3,001,757. 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. Average salary in Connecticut is $87,715 USD per year. What is the average surgical tech salary? Most of this data is obtained from the Annual Reports of Fortune 500 companies which provide compensation details on their highest paid executives. $10M to $100m to $3B revenue range, public company CFO salary by revenue. Monitors and analyzes technology and trends that could improve the company's products and performance. Executive Managing Director, Express Employment Professionals - Oracle, which is best known for database software, has struggled in recent years with sluggish revenue growth. Last chance for up to $40 off TurboTax, VistaPrint coupon code: $20 off $100+ for new customers, All Jeans + Pants 25% off! Fortune 500 employees in Merced, CA, Billerica, MA, and Thomaston, CT are the highest paid. That works out to $27.46 per hour at Fortune 500, compared to $27.25 per hour at Ascent Group. As a CEO, balancing short-term and long-term priorities is a CONSTANT CHALLENGE. Each group significantly undershot the actual median salary of CEOs at Fortune 500 companies, which is currently around $10.3 million. Bend, OR, B.E. Read about the latest cybersecurity news and get advice on third-party vendor risk management, reporting cybersecurity to the Board, managing cyber risks, benchmarking security performance, and more. Women receive a salary of $66,900 USD. (Copyright 2023 Salary.com), Employers: Job Description Management Tool. CHROs also: Plan and direct all aspects of an organization's human resources policies, objectives, and initiatives Sign-on equity most often came in the form of RSUs. Apple ranks 3 on the Fortune 500. Clients are typically $50 million in revenue to Fortune 1000's or have assets between $500 million to $15 billion. They head C-level members such as the COO, CTO, CFO, etc. Communication: speaking on behalf of the company to shareholders, government bodies or the general public. 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. 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. New research on who's asking for raises and who's getting them as well as advice on how to ensure you're getting the salary you deserve. A chief technology officer is part of an executive team in a company. As CIO, hes in charge of all IT functions, including strategy, systems development and infrastructure. How much does a CTO at a Fortune 500 company make? The company had a blockbuster 2021, bringing in $53.8 billion in revenue, up 71% from 2020, and expanding significantly into key European and Chinese markets. 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. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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