How’s this for a headline: “Meet the Millionaire CIOs.” In a study of the filings of the 1,000 biggest U.S. companies and their compensation, 47 top technology executives were listed at the top 1,000 companies. According to the latest SEC filings, these 47 earned $112,651,463, with an average salary (excluding bonuses and other compensation) of $435,200.
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Excuse me for a moment as I sit here and mourn my comparatively meager journalist-sized paycheck. … OK, I’m back. I’m reminding myself that these are the very highest-tier CIOs. According to our salary survey last year, which polled nearly 1,000 IT professionals, the average salary of senior-level IT executives at companies with more than $1 billion in revenue was $144,440 in 2007.
Want to let us know how you rank, and how the current economic climate is affecting CIO salaries? You can start by filling out CIO Decisions Media’s 2008 Salary and Career Survey!
Also, I need an excuse to direct you to my colleague Zach Church’s excellent post on the SearchCIO-Midmarket.com CIO Symmetry blog about the San Francisco IT chief who is being held on $5 million bail after locking the city out of its own computer system and refusing to yield the password. The IT chief in question, Terry Childs, reportedly made a base pay of $126,735 last year. He also had another $22,534 tacked on because – get this – he’s on call for emergency situations. Oh, the irony. … I guess being paid comparable to your peers doesn’t necessarily buy job satisfaction.