Fortune 500 pays $27.46 an hour, on average. Salary: $694,773Bonus: $696,851Stock and options: $1,552,317Other: $57,816Total: $3,001,757. Although the report, entitled "Rewarding or Hoarding?" 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. Men receive an average salary of $103,400 USD. Typically reports to Chief Information Officer or Chief Executive Officer. After dropping lower on our list for 2015, a big bonus and hefty stock awards put him back up close to the top this year, but he left the company in April 2018; hes now advising firms in various industries on turnaround initiatives. A healthy bonus put him high on our list for this year. Skills associated with Chief Technology Officer: 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. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. Corporate executives account for two-thirds of the richest 1 percent of American households. C-Suite, or C-Level, is a widely-used slang term used to collectively refer to a corporation's most important senior executives. How much does a Chief Technology Officer make in the United States? Some Fortune 500 and Global 2000 corporations are giving their information security head honchos oftentimes those with military backgrounds seven-figure pay packages. 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: $450,000Stock and options: $1,399,184Other: $2,169,698Total: $4,018,882. 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. What is the average salary for a CT Tech? Not the job you're looking for? While hes moved down this list a bit since last year, a sizeable stock grant kept him in the top 25. . How much does a Chief Technology Officer (CTO) in United States make? A Florida CEO salary is relatively smaller at $187,870 per year. Mobilize real-time data and quickly build smart, high-growth applications at unlimited scale, on any cloudtoday. Search thousands of open positions to find your next opportunity. Establishes overall direction and strategic initiatives for the given major function or line of business. However, there's a significant range between what the company pays the top 10 percent and the bottom 10 percent of earners. 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. Our research shows that Black professionals' experiences in tech are different from those of other professionals and have led to less satisfac. Salary: $700,000Bonus: $714,000Stock and options: $1,912,838Total: $3,326,838. Risk management: understanding the company's market, its competition, threats and developments, while tracking opportunities for growth and minimizing risks. 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. CEO pay dwarfs that of the average employee. PayScale estimates that the average annual salary for CTOs is $155,079; CTO salaries range from $86,652 to $235,647. This is usually the highest position related to technology within a company. According to Salary.com, the median CEO salary was $822,300 in September 2020. 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. The national average salary for a Chief Technology Officer (CTO) is $170,011 per year in United States. 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. The report finds that the amount of power loss due to anomalies nearly doubled from 1.61% in 2019 to . 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. El Paso, TX, gpac - Salaries estimates are based on 2054 salaries submitted anonymously to Glassdoor by a Chief Technology Officer (CTO) employees. dtSearch - INSTANTLY SEARCH TERABYTES of files, emails, databases, web data. 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. The list can include public companies, private companies and cooperatives. A CTO should have the business knowledge necessary to align technology-related decisions with the organizations goals. Individual pay rates will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. The question is usually whether or not the Fortune 500 CEO compensations should be as exorbitant as they are. C-Suite gets its name from the titles of top senior executives . What your skills are worth in the job market is constantly changing. They develop policies and procedures and use technology to enhance products and services that focus on external customers. Rasmus Norling served as CTO/CEO for Poly Shield Technologies and made a cool $81,845,000. 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. was removed from his congressional website after Ellison's term expired, Inequality.org quickly made the full document available on its website. Find out the highest paying jobs at Fortune 500 and salaries by location, department, and level. All data are based on 119 salary surveys. 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. 25+ search types; Win/Lin/Mac SDK; hundreds of reviews; full evaluations. 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%. Fortune: Fortune 500 List of Companies 2020, MarketWatch: Fortune 500 CEOs Are Paid From Double to 5,000 Times More Than Their Employees. Bend, OR, Addison Group - This is the third year in a row Careys been on our list; his compensation hasnt changed much but the fact that his contemporaries are making more moves him down the ranking. 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. Has acquired the business acumen and leadership experience to become a top function or division head. Step 3: Earn a Masters Degree (Optional). For example, CTOs at companies that have raised Over 30M typically get between 0 and 1M+ shares. 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. 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. 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. If you continue to use this site we will assume that you are happy with it. Distribution and use of this material are governed by 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. About Lene Skovbjerg's Current Company. 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 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. Image from Unsplash. She became co-CEO with Mark Hurd in 2014. He retired in February of 2018. Is Average Chief Technology Officer (CTO) Salary your job title? (Her. If you are thinking of becoming a Chief Technology Officer (CTO) or planning the next step in your career, find details about the role, the career path and salary trajectory of a Chief Technology Officer (CTO). 1. She reached the EVP level in 2007, but like several other entrants in this list, she manages to be one of the top paid tech executives despite having retired several years ago. For example, the average CTO salary in New York City is $154,405 per year , which is significantly higher than the national average. 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. How much money do people make at their job? 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. Love them or hate them, admire them or just plain envy them, there's no denying that the CEOs of the country's top companies rake in a lot of cash. $10M to $100m to $3B revenue range, public company CFO salary by revenue. The CTO directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. However, SAP CTO Quentin Clark said there many important decisions that shouldn't be made on the first day. Hes been in his current role since 2009 and at the company since 2001. Average Fortune 500 hourly pay ranges from approximately $14.97 per hour for Customer Engineer to $17.89 per hour for Field Service Technician. Your input helps Glassdoor refine our pay estimates over time. A chief technology officer (CTO) is the highest technology executive position within a company and leads the technology or engineering department. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. average cto salary fortune 500 (719) 280-0021. In her current role, shes in charge not just of IT but also global security, travel, and real estate services. Since her Navy service was in the Medical Services Corps, it makes sense that much of her career has been in the health care and health insurance industry: she was CIO at Catholic Health Initiatives and Franciscan Health System and SVP of IT at CIGNA before joining Aetna in 2003. 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. Under his leadership, Netflix went from a DVD mail delivery service to an online streaming heavyweight. 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. Step 2: Understand Your Value Is Not Tied to Your Current Compensation Level. These figures include base salary, bonus, equity appreciation, new equity/option grants, benefits and perquisites. The estimated total pay for a CTO is $259,880 per year in the United States area, with an average salary of $164,312 per year. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. The company, which ranked 14 on this year's 500, also grappled with a chip shortage that challenged Xbox game consoles. Before joining Big Lots, her background was in planning at various department store brands. A CIO's salary is nothing to sneeze at, but salary alone doesn't tell the whole compensation story. In addition, CTO typically requires an advanced degree in Computer Science or Engineering. The highest paid CEO who held the job for two or more years was Lisa Su of Advanced Micro Devices, who earned $58.5 million in 2019. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved, Final Early Bird Pricing! $320,000. Overall, median CFO reported total compensation in the S&P 500 increased 18.7% from $2.9 million in 2011 to $3.4 million in 2015. Clients are typically $50 million in revenue to Fortune 1000's or have assets between $500 million to $15 billion. 2011 Fortune 500. The CTO may decide when technologies need to be updated, so it is important to stay up to date with developments in the field. Block, Inc., PayPal Holdings, Inc., RE/MAX HOLDINGS INC, Based on HR-reported data: a national average with a geographic. The CEO is at the highest position in a company. They head C-level members such as the COO, CTO, CFO, etc. Fortune 500 employees in Merced, CA, Billerica, MA, and Thomaston, CT are the highest paid. Level of Education: Gaining advanced degrees Companies; Markets; Tech; Billy; companies. Bend, OR, B.E. What is the average salary for CEOs at Fortune 500 companies? What are they . 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. 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. 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. The company faced challenges because of the global chip shortage, but successfully began manufacturing the equipment in-house. Salary: $468,462Bonus: $948,336Stocks and options: $8,015,929Other: $293,626Total: $9,726,353. Here are the highest-paid CEOs. Last chance for up to $40 off TurboTax, VistaPrint coupon code: $20 off $100+ for new customers, All Jeans + Pants 25% off! What is the definite definition of empathy? New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. The company slid down 11 spots to 91 on the Fortune 500. Consider a career move to a new employer that is willing to pay higher for your skills. Hjelm in on our list for the second year in a row, and a sizable bonus sends him further towards the top. our Subscriber Agreement and by copyright law. Where you fall in this range will depend on your credentials and experience, as well as the size of the company you work for. Fortune: On Average, Top CEOs Make Over $12.3 Million. Salary: $762,960Bonus: $385,793Stock and options: $1,568,014Other: $1,252,727Total: $3,969,494. Jessica Derkis started her career earning $8 per hour ($16,640 annual salary) as the YMCA's marketing manager. Managing Experience: If you are a Chief Technology Officer (CTO) The highest-paid Fortune 500 CEO is Elon Musk. Congrats to L'Oreal and Yves Saint Laurent Beauty on continuing to push the boundaries of what is possible with #web3 in furthering fan engagement and brand The CEO reports to a corporation's board of directors, who represent the shareholders. A Chief Digital Officer reported a yearly salary . Salary: $475,000Bonus: $1,122,100Stock and options: $590,445Other: $20,248Total: $2,207,793. A CTO reported a yearly salary of $250,000. This copy is for your personal, non-commercial use only. 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. Compensation data tools, salary structures, surveys and benchmarks. 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. Salary.com also found that when it comes to salary percentage increases, the. Search thousands of open positions to find your next opportunity. Activision Blizzard CEO Bobby Kotick earned $296.7 million last year, according to our calculations, from the value realized on vested restricted stock. Vice President Technology, Salary estimation for Chief Technology Officer at companies like : Each group significantly undershot the actual median salary of CEOs at Fortune 500 companies, which is currently around $10.3 million. Revenue rose 89.1% in 2021, driven by the company's REGEN-COV antibody treatment for prevention and treatment of COVID-19. Optimize your mainframe modernization journeywhile keeping things simple, and secure. Establishes overall direction and strategic initiatives for the given major function or line of business. 2 year(s), 0 month(s) Lene Skovbjerg's Willingness to Change Jobs. 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. 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.. Now, a quarter-century after the first CISO emerged, every one . The full list is below. In 2012 he became SunTrusts CIO, where he worked to unify a siloed technology department. Smith - That wasby farthe biggest CEO payday in 2021, according to our new analysis of how Fortune 500 CEOs are compensated. Salary: $553,846Bonus: $2,780,000Stock and options: $3,143,627Other: $78,648Total: $6,556,121. 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. And we scoured the proxy statements of the 500 largest U.S. companies to find 25 that disclosed CIO pay. The lowest annual salary reported was $574,446, and the highest. 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.
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