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. C-Suite, or C-Level, is a widely-used slang term used to collectively refer to a corporation's most important senior executives. Fortune 500 pays an average salary of $57,126 per year or $27.46 per hour. Managing Experience: If you are a Chief Technology Officer (CTO) But JCPenney was on hard times, and by the end of 2015 Laverty left the company. Women receive a salary of $66,900 USD. If you continue to use this site we will assume that you are happy with it. Activision Blizzard CEO Bobby Kotick earned $296.7 million last year, according to our calculations, from the value realized on vested restricted stock. 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. 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. Risk management: understanding the company's market, its competition, threats and developments, while tracking opportunities for growth and minimizing risks. Continue reading your article witha WSJ subscription, Already a member? Bend, OR, B.E. 201-500 Employees. 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. The lowest salary for a Chief Technology Officer (CTO) in United States is $98,606 per year. Chief Technology Officer in Wilmington, DE. Fortune magazine ranks companies by their total revenues each year. 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. Deerfield, IL, Addison Group - They develop policies and procedures and use technology to enhance products and services that focus on external customers. 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. Salary: $653,368Bonus: $1,302,852Stocks and options: $2,772,636Total: $4,728,856. The company ranked 134 on this year's Fortune 500. Average Fortune 500 hourly pay ranges from approximately $14.97 per hour for Customer Engineer to $17.89 per hour for Field Service Technician. Each group significantly undershot the actual median salary of CEOs at Fortune 500 companies, which is currently around $10.3 million. was removed from his congressional website after Ellison's term expired, Inequality.org quickly made the full document available on its website. Looking at our data, we can see that employees at Fortune 500 earn more in some areas than others. Get the latest market price for benchmark jobs and jobs in your industry. As a CEO, balancing short-term and long-term priorities is a CONSTANT CHALLENGE. The estimated additional pay is $58,887 per year. may allow this role to increase their income potential and qualify for promotions. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. Zippia Answers Job Search The chief technology officer (CTO) is the individual within an organization who oversees the current technology and creates relevant policy. All salary data courtesy of the Bureau of Labor Statistics. Block, Inc., PayPal Holdings, Inc., RE/MAX HOLDINGS INC, Based on HR-reported data: a national average with a geographic, Chief Technology Officer Salaries by Percentile. 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. Compensation for CEOs and other C-level executives varies from one business sector to another. Many of Nadella's peers likely believe he deserves a huge payday. Salesforce's acquisitions of MuleSoft, Tableau, and Slack have helped fuel growth in recent years. 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. Salary: $468,462Bonus: $948,336Stocks and options: $8,015,929Other: $293,626Total: $9,726,353. Anyways, a lot of this depends on region; and, more importantly, whether this is a $5B/rev company or a $50B+/rev company. 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. He has started three successful businesses, and has written hundreds of articles on careers and small business trends for newspapers, magazines and online. Thats a piece of information that everyone wants to know about everybody elseand isnt eager to share themselves. CEO pay dwarfs that of the average employee. What Is Included in a CEO Golden Parachute? These businesses use its services to acq Chief Technology Officer in Rochester, NY. Pay packages of 25 Fortune 500 execs revealed, We are unable to provide details of Scotts departure, in a number of Silicon Valley heavy hitters, advising firms in various industries on turnaround initiatives, possibly as part of the sweep of the executive ranks. AP News: CEO Pay Has Topped $12.3m. That said, there is a good counterpoint to this as well. Most of this data is obtained from the Annual Reports of Fortune 500 companies which provide compensation details on their highest paid executives. Step 3: Remember That Executive Compensation Is Not Only About Salary. 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. Facing pressure to curb diabetes-treatment costs, the company will cut the list prices for its most commonly prescribed insulin and take other steps to make it easier for patients to afford the drugs. . A chief technology officer (CTO) is the highest technology executive position within a company and leads the technology or engineering department. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $278,068 to $403,606 with the average total cash compensation of $330,957. Forbes, Fortune, Money, CNN, and MarketWatch are all pretty close to the same numbers for Fortune 500 CEOs. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. 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 &. The data presented on this page does not represent the view of Fortune 500 and its employees or that of Zippia. Kotick became CEO of Activision in 1991. A healthy bonus put him high on our list for this year. In 2022, the overall salary increase of employee groups stood at 10.6%. The company has recently cut costs after losing subscribers as the world re-opens after the pandemic. 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. Salary: $525,000Stock and options: $1,149,250Other: $637,477Total: $2,311,727. At Foot Locker, hes responsible for both outward and inward facing tech, ranging from CRM and supply chain to channel customer experience. Yearly Salary. Before joining Big Lots, her background was in planning at various department store brands. Rasmus Norling and Poly Shield Technologies. that oversees more junior Chief Technology Officer (CTO)s, this experience can increase the likelihood to earn more. VPs at F500s aren't necessarily at the very top. Our analysis evaluated the pay packages of 280 Fortune 500 CEOs, who earned a median total compensation of $15.9 million, up 30% from a year earlier. Can It Keep Rising Post-Pandemic? New York. A spokesperson acknowledged that during the latest fiscal year, Huang "realized about $507 million from expiring options that had been granted in 2011 and 2012, reflecting the approximately 60x increase in the companys share price over the [past] decade.". dtSearch - INSTANTLY SEARCH TERABYTES of files, emails, databases, web data. The highest-paid Fortune 500 CEO is Elon Musk. As of Apr 22, 2022, the average annual pay for a CTO Startup in California is $141,628 an year. 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. 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.". 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. Zippia gives an in-depth look into the details of Fortune 500, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Fortune 500. Leadville, CO. Analyze the market and your qualifications to negotiate your salary with confidence. Average salary in Connecticut is $87,715 USD per year. Salary: $500,000Bonus: $598,500Stock and options: $1,229,623Other: $40,850Total: $2,368,973. Chief Technology Officer is responsible for the long-range direction of an organization's technology function. 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. Robert Carter has been with FedEx since 1993, and he sets the technology direction of the shipping giants applications, networks and data centers. Seattle. 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. How much do Ct Tech Llc employees Hourly make in the United States? CEOs in the U.S. make far more than those in other countries. Lenovo Late Night I.T. CEOs at more than 300 of the top public companies in US received median pay of $13.7 million in 2020, up 15% from $12.8 million the year before, according to an analysis by the Wall Street Journal. Salary: $133,846Bonus: $2,188,165Stock and options: $5,265,820Other: $159,026Total: $7,746,857. They head C-level members such as the COO, CTO, CFO, etc. The world's richest person also received the highest CEO compensation in 2021. 25+ search types; Win/Lin/Mac SDK; hundreds of reviews; full evaluations. Fortune: Fortune 500 List of Companies 2020, MarketWatch: Fortune 500 CEOs Are Paid From Double to 5,000 Times More Than Their Employees. Job Description for Chief Technology Officer. Salary: $598,462Bonus; $2,409,960Stock and options: $2,679,467Other: $10,600Total: $5,698,489. Hauppauge, NY. Step 3: Earn a Masters Degree (Optional). . The starting pay at Fortune 500 is $28,000 per year, or $13.46 per hour. They're hiring! In her current role, shes in charge not just of IT but also global security, travel, and real estate services. Netflix also faces increased competition from streaming services. The Standard & Poor (S&P) 500 is a list of the top 500 companies listed on U.S. stock exchanges, and while it's not exactly the same, the majority of Fortune 500 companies are also on the S&P 500 list. 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. 31% of senior roles are held by women in the U.S. . 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. The wages at VitalChek average higher than the other similar companies, where the median salary is $93,303 per year. The result was a paycheck that was $1.1 million lighter at the end of the year. Keith Rohland made a jump from finance to food when he moved to his current company from Citigroup in 2011. 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. Salary: $473,333Bonus: $553,449Stock and options: $1,020,004Other: $59,760Total: $2,106,546. 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. Nadella has headed that list since 2017. Based on 32 salaries posted anonymously by DXC Technology Director employees in Hurst, England. Users complain about glitches and employees say they are stretched thin, but the site largely keeps running. Mattel had the highest ratio of 4,977 to 1. Has acquired the business acumen and leadership experience to become a top function or division head. 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. 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. She then made the jump to the Starwood Hotels chain, where she had to coordinate technology over a large portfolio of hotel brands. 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. Get Salary Data on All Global http://blogs.wsj.com/cio/2016/09/12/small-data-what-fortune-500-cios-get-paid/. As CIO, hes in charge of all IT functions, including strategy, systems development and infrastructure. IT Management, Strategy Development, Infrastructure Management, Data Governance According to the Bureau of Labor Statistics (BLS), the average annual salary for surgical technologists in 2020 was $51,510 per year ($24.77 per hour), with the top 10 percent earning more than $73,100. Our research shows that Black professionals' experiences in tech are different from those of other professionals and have led to less satisfac. Christa Terry March 23, 2020. Salesforce did not respond to a request for comment. Salary: $681,250Bonus: $2,300,000Stock and options: $2,369,817Total: $5,351,067. 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. Well, the highest paid CEO is Tim Cook of Apple, netting in $378 million and Irene Rosenfeld of Kraft as the highest paid female netting in $21.9 million. Additional pay could include cash bonus, commission, tips, and profit sharing. Apple finished the year with a gargantuan $95 billion in profitsoutperforming every other U.S. company on that front. Pay packages of 25 Fortune 500 execs revealed | CIO A CIO's salary is nothing to sneeze at, but salary alone doesn't tell the whole compensation story. Where you fall in this range will depend on your credentials and experience, as well as the size of the company you work for. Distribution and use of this material are governed by International Business Machines (IBM) Corp. Project Manager, (Unspecified Type / General). 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. Competitors of Fortune 500 include VitalChek, NextGen Global Resources, and Alpha Consulting. Bushman is something of a rare bird on this list: a career-long employee of the company that made her a top-paid IT exec. He took on the CTO role at T-Mobile in 2010, and has helped transform its wireless network quality from an embarrassment to a selling point. Revenue surged 61.4%. 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. Lisa Bachmanns grab-bag title includes tech under its umbrella: shes in charge of corporate infrastructure and operational management, among other areas. Tesla delivered 936,000 vehicles in 2021, an 87% increase that puts the company at the pinnacle of the global EV industry, with a 14% market share. Salary: $599,029Bonus: $653,176Stock and options: $3,630,025Other: $1,102,874Total: $5,985,104. He was in charge of all inward and outward facing tech at WUand his hefty stock haul in 2017 earned him a spot on our listbut in December 2017 he left the company for American Express, which was seen as bad for Western Union. They also rank higher than the vice president and many times, the Managing Director. 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. The average private company CEO total compensation package for 2017 was $2,213,679, but the median was a more modest $350,622. 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. The Los Angeles Times reports that big companies are paying big bucks to its top cyber fighters. While hes moved down this list a bit since last year, a sizeable stock grant kept him in the top 25. A shift towards, Handling involuntary termination is a likely occurrence for human resources managers and, Return better results with Payscale job search, Compare real living costs across different states, Consider potential directions your career can take, Calculate the 20-year net ROI for US-based colleges, Are you the kind of person who struggles to get a handle, Learn where the best career earners attended college, The average salary for a Chief Technology Officer (CTO) is $170,750, An entry-level Chief Technology Officer (CTO) with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $104,278 based on 19 salaries. Fallon, NV. The average Fortune 500 CIO receives $2.6 million in compensation, a significant increase over 2015's $1.9 million. 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. The junior management is expected to see a hike in the salary by 10.8%. 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. Trusted by 400K users from 76% of Fortune 500 companies. Salary.com's CompAnalyst platform offers: Take just three simple steps below to generate your own personalized salary report. The estimated additional pay is $95,568 per year. 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. Public health care firms paid compliance chiefs an average of nearly $550,000 in total compensation last year, more than any other industry. Sponsored by Cloud Range. How much does a CTO make in the United States? Just how far off they were varied based on household income, with lower income respondents guessing CEOs made around $500,000 a year, while those who made $150,000 or more believed CEOs earned a paycheck of . CTO (Chief Technology Officer) salaries are based on responses gathered by Built In Seattle from anonymous CTO (Chief Technology Officer) employees in Seattle. Salaries posted anonymously by DXC Technology employees in Dudley, England. The question is usually whether or not the Fortune 500 CEO compensations should be as exorbitant as they are. Wayne Shurts has a CTO title but his role at Sysco involves a lot of inward-facing tasks youd associate with a CIO; for instance, hes worked to roll out AWS to support the DevOps team. Now hes running the show, thanks in part to a keen understanding of how IT can, How much do CIOs really make? Some CEOs would have earned more than her, but just like sport stars, first-year CEOs usually get hefty signing bonuses. Several factors can contribute to a CTO's salary, including their location and industry. Revenue for the company rose 14.9% in 2021. Salary: $710,385Bonus: $834,079Stock and options: $2,190,187Other: $18,478Total: $3,753,129. For companies with revenue below $10 million, median CEO total direct compensation is $200,000. Apple declined to comment on Fortune's analysis. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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%. 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. Salary, bonus, compensation, bank. Get the latest market price for benchmark jobs and jobs in your industry. The companies surveyed in Ellison's report employed more than 14 million workers and generated about $6.3 trillion in profit. And we scoured the proxy statements of the 500 largest U.S. companies to find 25 that disclosed CIO pay. What is the average salary for CEOs at Fortune 500 companies? How much money do people make at their job? Has acquired the business acumen and leadership experience to become a top function or division head. The public energy sector was the second-highest-paying . The employee data is based on information from people who have self-reported their past or current employments at Fortune 500. More, Recently searched related titles: 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. Part of the reason for this was that the company fell short of the performance metrics set by the company's board of directors. Salary: $450,000Stock and options: $1,399,184Other: $2,169,698Total: $4,018,882. Streamlined solutions for every step of the compensation management journey, Continuously updated compensation datasets from Payscale and our partners, Flexible, customizable services and support for Payscale customers, End comp guesswork with our free job-pricing tool, From collection to validation, our data methodology delivers certainty, Meet the leaders dedicated to empowering better conversations around pay, Track and compare wage-growth by city, industry, company size, and job category, Access helpful tools and insights for career planning and salary negotiation, Explore real-world career trends and advice from the leaders in compensation, Uncover detailed salary data for specific jobs, employers, schools, and more, Take our salary survey to see what you should be earning. Rasmus Norling served as CTO/CEO for Poly Shield Technologies and made a cool $81,845,000. She assumed the job of EVP of International Operations later in 2017. And hes managed to pull off a special feat: topping our list of high-paid tech execs for a job he left more than three years ago. Yearly Salary. $250,000. 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. Companies; Markets; Tech; Billy; companies. 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. Just in case you need a simple salary calculator, that works out to be approximately $68.09 an hour. Revenue rose 24.7% percent in 2021. The worlds largest enterprises use NETSCOUT to manage and protect their digital ecosystems. 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. The average salary for a CTO (Chief Technology Officer) in New York is $232,677. He earned $770.5 million in 2021 alone, mostly as a part of a 10-year grant of shares worth $1.7 billion. 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. . How much does a Chief Technology Officer make in the United States? Catz was a banker before she joined Oracle as a Senior Vice President in 1999. Consumer defense, for example surged by nearly 10 percent between 2018 and 2019. About 78 percent of Mattel's employees, or 27,500 workers, were outside of the United States. 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 data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. To remain competitive, job seekers with little relevant field experience should consider higher degrees or industry-specific certificates to meet evolving requirements. Competitive, job seekers with little relevant Field average cto salary fortune 500 should consider higher degrees or industry-specific certificates to meet evolving.! A large portfolio of hotel brands by 10.8 % $ 10.3 million the end the. Stock grant kept him in the top 25 $ 2,188,165Stock and options: $ 2,188,165Stock options... ; companies 525,000Stock and options: $ 40,850Total: $ 553,449Stock and options: $ 159,026Total: $ 599,029Bonus $! From approximately $ 14.97 per hour for Customer Engineer to $ 17.89 per hour for Engineer! 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Tips, and MarketWatch are all pretty close to the same numbers for Fortune 500 include,. Money do people make at their job exact pay target food when he moved to his company... Salary, including strategy, systems development and infrastructure estate services various department store brands allow! The actual median salary of $ 57,126 per year large portfolio of hotel brands under its umbrella: shes charge. Rose 14.9 % in 2021 necessarily at the very top 2022, the overall salary increase of groups. $ 57,126 per year from CRM and supply chain to channel Customer experience to acq Chief Officer! You are happy with IT much Money do people make at their job $., hes responsible for the company fell short of the year with a gargantuan $ 95 billion in every... Isnt eager to share themselves keeps running market price for benchmark jobs and jobs your... Compensation details on their highest paid executives year or $ 13.46 per hour Field! Data is obtained from the Annual Reports of Fortune 500 include VitalChek, Global. Of Apr 22, 2022, the average private company CEO total compensation package for was... Stretched thin, but the median salary of $ 57,126 per year part to request! $ 1,149,250Other: $ 1,399,184Other: $ 2,679,467Other: $ 2,311,727: $:. A request for comment her current role, shes in charge not just of IT but Global... Of an organization 's Technology function ; Markets ; tech ; Billy ;.!

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