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. Distribution and use of this material are governed by Executive Managing Director, Express Employment Professionals - The average Director - IT Service Delivery salary in Harleysville, PA is $143,361 as of , but the salary range typically falls between $114,117 and $162,489. 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. Each group significantly undershot the actual median salary of CEOs at Fortune 500 companies, which is currently around $10.3 million. 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. The findings are of critical importance as the solar industry experiences unprecedented growth. He retired in February of 2018. 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. 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. Women receive a salary of $66,900 USD. About Lene Skovbjerg's Current Company. The companies surveyed in Ellison's report employed more than 14 million workers and generated about $6.3 trillion in profit. Countries. How much do Ct Tech Llc employees Hourly make in the United States? 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. 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. If you are thinking of becoming a Chief Technology Officer (CTO) or planning the next step in your career, find details about, Google Chief Technology Officer (CTO) salaries - 18 salaries reported, IBM Chief Technology Officer (CTO) salaries - 16 salaries reported, Self Opportunity Chief Technology Officer (CTO) salaries - 15 salaries reported, SelfEmployed.com Chief Technology Officer (CTO) salaries - 14 salaries reported, Microsoft Chief Technology Officer (CTO) salaries - 12 salaries reported, Stealth Startup Chief Technology Officer (CTO) salaries - 11 salaries reported, IBM Chief Technology Officer salaries - 11 salaries reported, US Army Chief Technology Officer salaries - 9 salaries reported, Anonymous Chief Technology Officer (CTO) salaries - 9 salaries reported, www.undercovertourist.com Chief Technology Officer salaries - 6 salaries reported, AKUNA CAPITAL Chief Technology Officer salaries - 6 salaries reported, Apple Chief Technology Officer (CTO) salaries - 6 salaries reported, DXC Technology Chief Technology Officer (CTO) salaries - 5 salaries reported, US Department of Defense Chief Technology Officer (CTO) salaries - 5 salaries reported, Humanism & Electronic Commerce Chief Technology Officer salaries - 4 salaries reported, Challenger Motor Freight Chief Technology Officer salaries - 4 salaries reported, Shape Software Chief Technology Officer (CTO) salaries - 4 salaries reported, Gearsupply Chief Technology Officer (CTO) salaries - 4 salaries reported, Streamline AI Chief Technology Officer (CTO) salaries - 4 salaries reported, Myxx Chief Technology Officer (CTO) salaries - 4 salaries reported, the role, the career path and salary trajectory of a Chief Technology Officer (CTO). The estimated additional pay is $58,887 per year. Hes not as far up the list as he was last year, but his sizable performance bonus kept him in the mix. In her current role, shes in charge not just of IT but also global security, travel, and real estate services. 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. Today he serves on the board of several health-related companies, including Wellmark Blue Cross Blue Shield and The Vitamin Shoppe. Location has an effect on the earnings of employees at Fortune 500 too. The company has recently cut costs after losing subscribers as the world re-opens after the pandemic. He has started three successful businesses, and has written hundreds of articles on careers and small business trends for newspapers, magazines and online. 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. Broadcom, which designs and manufactures a wide range of semiconductor and software products, ranked 128 on this year's Fortune 500. 25+ search types; Win/Lin/Mac SDK; hundreds of reviews; full evaluations. The wages at VitalChek average higher than the other similar companies, where the median salary is $93,303 per year. . The average CEO pay in the communication services and consumer cyclical sectors saw a decrease that year, at minus 2.2 and minus 2.3 percent respectively. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. 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. More often than not, I'd say most 'big company' C-level executives typically make mid to high six figures (sometimes low seven figures), salary-wise. The Los Angeles Times reports that big companies are paying big bucks to its top cyber fighters. Jobs with a similar salary range to CTO : The report finds that the amount of power loss due to anomalies nearly doubled from 1.61% in 2019 to . Salary: $694,773Bonus: $696,851Stock and options: $1,552,317Other: $57,816Total: $3,001,757. Fallon, NV, Custom Computer Specialists - To remain competitive, job seekers with little relevant field experience should consider higher degrees or industry-specific certificates to meet evolving requirements. 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. Employees at NextGen Global Resources earn an average of $88,300 per year, and the employees at Alpha Consulting earn an. What is the average salary for CEOs at Fortune 500 companies? 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. A CTO should have the business knowledge necessary to align technology-related decisions with the organizations goals. Ohio-based Abercrombie & Fitch CEO, Fran Horowitz, is a female CEO with an average annual salary of $201,000. Salary: $330,279Bonus: $617,490Stock and options: $376,696Other: $584,235Total: $1,908,700. Salaries are different between men and women. He or she leads the efforts of the technology development within the company. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. The CEO is at the highest position in a company. Apple ranks 3 on the Fortune 500. Top Tips for Negotiating Your Executive Compensation. Netflix also faces increased competition from streaming services. Step 2: Understand Your Value Is Not Tied to Your Current Compensation Level. Salary: $1,038,462Bonus: $5,492,000Stock and options: $1,606,091Other: $261,436Total: $8,397,989. Jeff Bezos (Amazon) makes $81K/yr. A Chief Digital Officer reported a yearly salary . 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. These Fortune 100 employers have at least 350 openings each. What is the average salary for a CT Tech? In 2022, the overall salary increase of employee groups stood at 10.6%. Benioff founded Salesforce in 1999, adopting the marketing slogan "The End of Software." Establishes overall direction and strategic initiatives for the given major function or line of business. IT Management, Strategy Development, Infrastructure Management, Data Governance Activity How much does a Chief Technology Officer make in the United States? . The lowest salary for a Chief Technology Officer (CTO) in United States is $98,606 per year. In 2020, the top 10 companies on the Fortune 500 list were: Even though it is probably the most famous, the Fortune 500 is not the only list of top companies. Salary: $525,000Stock and options: $1,149,250Other: $637,477Total: $2,311,727. Clients are typically $50 million in revenue to Fortune 1000's or have assets between $500 million to $15 billion. 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. Salary: $133,846Bonus: $2,188,165Stock and options: $5,265,820Other: $159,026Total: $7,746,857. The average ratio between CEO and worker pay in the U.S. is 339 to one, according to MarketWatch. Salary: $762,960Bonus: $385,793Stock and options: $1,568,014Other: $1,252,727Total: $3,969,494. VPs at F500s aren't necessarily at the very top. Follow us The estimated additional pay is $95,568 per year. 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.". How to become a CTO After a stint as a CIO at Dell, she moved to Biogen in 2014, where her task was to address the mismatch between the structure of the companys existing technology organization and the business goals of the CEO. Fasano is currently the CEO of Bay Advisors, LLC. Being a CTO establishes technology standards and communicates technical information to the organization. Vice President Technology, Salary estimation for CTO at companies like : 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. 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. Here are the highest-paid CEOs. 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. Salaries estimates are based on 2054 salaries submitted anonymously to Glassdoor by a Chief Technology Officer (CTO) employees. The chief technology officer (CTO) is the individual within an organization who oversees the current technology and creates relevant policy. Looking at our data, we can see that employees at Fortune 500 earn more in some areas than others. Carters compensation was also padded by various perks, including use of a private jet and security services. The median equity joining bonus was $150,000, while the average was $427,313. In addition, CTO typically requires an advanced degree in Computer Science or Engineering. A chief technology officer (CTO) is the highest technology executive position within a company and leads the technology or engineering department. $250,000. Oracle did not respond to a request for comment. Tesla ranked 65 on this year's Fortune 500. Search thousands of open positions to find your next opportunity. The median target total compensation (TTC) for CEOs increased 5% from $7.77 million in 2019 to $8.16 million in 2020. 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. Bloomberg: Wall Street Gets the Flak, But Tech CEOs Get Paid All the Money, The Difference Between Executive Pay and Non-Executive Pay, The Salaries of Corporate Vice Presidents. Private-sector readings show job postings receding more than government reports of job openings. The highest salary for a Chief Technology Officer (CTO) in United States is $308,146 per year. was removed from his congressional website after Ellison's term expired, Inequality.org quickly made the full document available on its website. Musk did not respond to Fortune's requests for comment. Revenue for the company rose 14.9% in 2021. Where your job is located and the cost of living in your area may also impact your salary. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. 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%. Salary: $468,462Bonus: $948,336Stocks and options: $8,015,929Other: $293,626Total: $9,726,353. 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. 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. The employee data is based on information from people who have self-reported their past or current employments at Fortune 500. 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. A chief financial officer in the U.S. can expect to make anywhere from $130,000-$462,923 per year. Fortune: On Average, Top CEOs Make Over $12.3 Million. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Why do people leave their jobs? The estimated additional pay is $105,280 per year. (Copyright 2023 Salary.com) View full job description, Employers: Job Description Management Tool. Part of the reason for this was that the company fell short of the performance metrics set by the company's board of directors. dtSearch - INSTANTLY SEARCH TERABYTES of files, emails, databases, web data. The average salary for a CTO (Chief Technology Officer) in New York is $232,677. 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. But his incredible pay package may be justified by Apples stock market performance under Cook: The tech companys market value during his tenure has increased by $2.2 trillion. This includes the aforementioned A. Jayson Adair, who raked in only $203,000 in 2018. He has been CEO of Broadcom since Avago's $37 billion acquisition of the semiconductor company in 2015. Salary: $533,300Bonus: $524,400Stocks and options: $1,418,400Other: $55,900Total: $2,532,000. 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 . 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. 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. Leadville, CO. One company paid a $3.89 million annual salary to fill its CISO position. 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.". Tan was born in Malaysia and attended M.I.T. Average CFO salary by revenue for both public and private companies. 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. 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