average cto salary fortune 500
The median income of CMOs in the US may be close to $250,000 or even higher: the average CMO bonus is about $48,000. The gaming giant, best known for games like Call of Duty and World of Warcraft, ranked 396 on this year's Fortune 500. Jobs with a similar salary range to Chief Technology Officer : 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. 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. The estimated additional pay is $95,568 per year. 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. To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC). With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. Before joining Big Lots, her background was in planning at various department store brands. And we scoured the proxy statements of the 500 largest U.S. companies to find 25 that disclosed CIO pay. 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. The average ratio between CEO and worker pay in the U.S. is 339 to one, according to MarketWatch. Tan was born in Malaysia and attended M.I.T. Find out the highest paying jobs at Fortune 500 and salaries by location, department, and level. New York. Use our tool to get a personalized report on your market worth. Oracle, which is best known for database software, has struggled in recent years with sluggish revenue growth. 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. Here are the highest-paid CEOs. 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 . Jeff Bezos (Amazon) makes $81K/yr. Activision Blizzard CEO Bobby Kotick earned $296.7 million last year, according to our calculations, from the value realized on vested restricted stock. Hauppauge, NY. Fortune 500 employees in Merced, CA, Billerica, MA, and Thomaston, CT are the highest paid. In addition, CTO typically requires an advanced degree in Computer Science or Engineering. 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. Kotick became CEO of Activision in 1991. Where your job is located and the cost of living in your area may also impact your salary. For example, the median pay packet for leaders of S&P 500 companies rose roughly 12% to $14.7 million that year. However, there's a significant range between what the company pays the top 10 percent and the bottom 10 percent of earners. The wages at VitalChek average higher than the other similar companies, where the median salary is $93,303 per year. Seattle. 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. (Copyright 2023 Salary.com) View full job description, Employers: Job Description Management Tool. average cto salary fortune 500 (719) 280-0021. What is a CTO? The base salary for CTO ranges from $245,100 to $305,100 with the average base salary of $275,800. 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. Tim Theriault spent more than a decade climbing the ladder at Northern Trust Corporation, from CTO to President of Corporate and Institutional Services, before jumping ship to head up technology at Walgreens and its post-merger iteration, Walgreens Boots. He achieved this by exercising Tesla stock options given in a 2018 multiyear moonshot grant. At Foot Locker, hes responsible for both outward and inward facing tech, ranging from CRM and supply chain to channel customer experience. In Fortune 500 companies, the ratio ranges from 2 to 1 to almost 5,000 to 1. Under his leadership, Netflix went from a DVD mail delivery service to an online streaming heavyweight. Carters compensation was also padded by various perks, including use of a private jet and security services. Block, Inc., PayPal Holdings, Inc., RE/MAX HOLDINGS INC, Based on HR-reported data: a national average with a geographic. Executive Managing Director, Express Employment Professionals - 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. Growth: setting goals creating plans for growth for the company, in coordination with the board of directors, and then implementing those plans. 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. 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. Over 10 years, she's changed employers five times to ultimately earn $72,000 per . For non-personal use or to order multiple copies, please contact These figures include base salary, bonus, equity appreciation, new equity/option grants, benefits and perquisites. 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. That said, there is a good counterpoint to this as well. Fallon, NV, Custom Computer Specialists - Being a Chief Technology Officer monitors and analyzes technology and trends that could improve the company's products and performance. What is the average salary for a CT Tech? In 2021, Musk "realized" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear moonshot grant. Get Salary Data on All Global Salesforce's acquisitions of MuleSoft, Tableau, and Slack have helped fuel growth in recent years. 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. AP News: CEO Pay Has Topped $12.3m. Search more salaries here: CTO Salaries with a High School Diploma or Technical Certificate, CTO Salaries with a Master's Degree or MBA, CTO Salaries with a JD, MD, PhD or Equivalent, Detailed skills and competency reports for specific positions. Here's a look at how bonuses,. 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. Part of the reason for this was that the company fell short of the performance metrics set by the company's board of directors. The company ranked 231 on this year's Fortune 500. The average CEO salary of a California based CEO is $228,270. We use cookies to ensure that we give you the best experience on our website. A chief technology officer is part of an executive team in a company. 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. Management: directing and overseeing the work of other executives, directors, presidents and vice-presidents of the company. Apple ranks 3 on the Fortune 500. About Lene Skovbjerg's Current Company. The result was a paycheck that was $1.1 million lighter at the end of the year. Elon Musk, the chief executive of SpaceX and Tesla, topped Fortune's new list of the most highly compensated CEOs on the Fortune 500. The average salary for a CTO (Chief Technology Officer) in Seattle is $223,636. Bend, OR, Addison Group - Many of Nadella's peers likely believe he deserves a huge payday. Keith Rohland made a jump from finance to food when he moved to his current company from Citigroup in 2011. Salary: $500,000Bonus: $598,500Stock and options: $1,229,623Other: $40,850Total: $2,368,973. In the chart below, we show an average composition of all salary data. Salesforce did not respond to a request for comment. Here's a look at how bonuses, stock awards, perks and other compensation add up. Last chance for up to $40 off TurboTax, VistaPrint coupon code: $20 off $100+ for new customers, All Jeans + Pants 25% off! 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. Salary: $216,071Bonus: $664,053Stock and options: $1,890,267Other: $130,638Total: $2,901,029. The starting pay at Fortune 500 is $28,000 per year, or $13.46 per hour. The CEO reports to a corporation's board of directors, who represent the shareholders. Lets pay it forward! 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. These Fortune 100 employers have at least 350 openings each. 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. 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. 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. But 2017 saw another kind of jump: she went back to her accounting roots and took a job as the companys CFO. Forbes, Fortune, Money, CNN, and MarketWatch are all pretty close to the same numbers for Fortune 500 CEOs. Fasano is currently the CEO of Bay Advisors, LLC. Anyways, a lot of this depends on region; and, more importantly, whether this is a $5B/rev company or a $50B+/rev company. $320,000. Salary: $525,000Bonus: $948,336Stock and options: $3,149,930Perks and other compensation: $8,965,046Total: $13,588,312. 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 2019, the top 10 best-paying sectors for CEOs were: This can vary. The chief technology officer (CTO) is the individual within an organization who oversees the current technology and creates relevant policy. Bend, OR, B.E. 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 Private-sector readings show job postings receding more than government reports of job openings. 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. This is his second year in a row on the list, and his compensation saw a slight bump from last year. The report finds that the amount of power loss due to anomalies nearly doubled from 1.61% in 2019 to . How much does a Chief Technology Officer make in the United States? Fortune 500 employees earn an average salary of $57,126 in 2023, with a range from $28,000 to $114,000. Women receive a salary of $66,900 USD. Hes not as far up the list as he was last year, but his sizable performance bonus kept him in the mix. Hes been in his current role since 2009 and at the company since 2001. Although the report, entitled "Rewarding or Hoarding?" 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 USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. Lisa Bachmanns grab-bag title includes tech under its umbrella: shes in charge of corporate infrastructure and operational management, among other areas. Get the latest market price for benchmark jobs and jobs in your industry. Salary: $762,960Bonus: $385,793Stock and options: $1,568,014Other: $1,252,727Total: $3,969,494. Search thousands of open positions to find your next opportunity. Individualize employee pay based on unique job requirements and personal qualifications. Leadville, CO. 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. 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Salary Fortune 500 ( 719 ) 280-0021 management: directing and overseeing the work of other executives,,..., presidents average cto salary fortune 500 vice-presidents of the year that was $ 1.1 million lighter at the end of the reason this.
