He achieved this by exercising Tesla stock options given in a 2018 multiyear moonshot grant. 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. 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. Although the report, entitled "Rewarding or Hoarding?" Being a CTO establishes technology standards and communicates technical information to the organization. Activity The average CEO salary of a California based CEO is $228,270. 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. 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. Average Development Dimensions International Salary, Average Hyperion Materials & Technologies Salary. Just in case you need a simple salary calculator, that works out to be approximately $68.09 an hour. USPS, under pressure on costs, contracts trucking companies at cut rates and pushes them to meet aggressive delivery schedules. The amount you earn as a CTO may vary based on your education level, work experience and skill set. How much does a CTO make in the United States? 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). Ct Tech Llc pays an average hourly rate of $1,669 and hourly wages range from a low of $1,451 to a high of $1,916. Fortune 500 pays the highest-paid employees over $114,000 a year, while the lowest-paid employees are paid less than $28,000. Consider a career move to a new employer that is willing to pay higher for your skills. 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.. Being a Chief Technology Officer monitors and analyzes technology and trends that could improve the company's products and performance. Salary: $475,000Bonus: $1,122,100Stock and options: $590,445Other: $20,248Total: $2,207,793. 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 &. Chief Technology Officer is responsible for the long-range direction of an organization's technology function. About Lene Skovbjerg's Current Company. Each group significantly undershot the actual median salary of CEOs at Fortune 500 companies, which is currently around $10.3 million. Some CEOs would have earned more than her, but just like sport stars, first-year CEOs usually get hefty signing bonuses. 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. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Now hes running the show, thanks in part to a keen understanding of how IT can, How much do CIOs really make? What is the average salary for CEOs at Fortune 500 companies? Get started by entering your email address below. The city with the highest average salary is Merced, CA, where employees earn an average salary of $67,434. Fortune 500 pays $27.46 an hour, on average. Step 3: Remember That Executive Compensation Is Not Only About Salary. The data presented on this page does not represent the view of Fortune 500 and its employees or that of Zippia. The findings are of critical importance as the solar industry experiences unprecedented growth. Hauppauge, NY. This button displays the currently selected search type. By the mid 00s he had moved to become CIO at Oracle, then spent a spell in the same role at Symantec before joining Western Union in 2012. The public energy sector was the second-highest-paying . 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. 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. Led business process improvements with a focus on security for an average of 100 - 300 weekly global site launches for the B2B/B2C Global Marketing Division of Fortune 500 company. 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. 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. Companies with revenues between $1 billion and $2.5 billion had the largest increase of TTC (5%). The average private company CEO total compensation package for 2017 was $2,213,679, but the median was a more modest $350,622. Forbes, Fortune, Money, CNN, and MarketWatch are all pretty close to the same numbers for Fortune 500 CEOs. Rasmus Norling served as CTO/CEO for Poly Shield Technologies and made a cool $81,845,000. 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. What are the benefits of believing in God? With bonuses, the figure balloons to $1,281,700. Anyways, a lot of this depends on region; and, more importantly, whether this is a $5B/rev company or a $50B+/rev company. Growth: setting goals creating plans for growth for the company, in coordination with the board of directors, and then implementing those plans. Meanwhile, hes serving as EVP and CIO of Shane Company Jewelry. The gaming giant, best known for games like Call of Duty and World of Warcraft, ranked 396 on this year's Fortune 500. How much does a Chief Technology Officer make in the United States? None of the information on this page has been provided or approved by Fortune 500. 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. Mark Zuckerberg (Facebook) takes a dollar token salary. Not the job you're looking for? Salary: $681,250Bonus: $2,300,000Stock and options: $2,369,817Total: $5,351,067. 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). 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. The Los Angeles Times reports that big companies are paying big bucks to its top cyber fighters. CFOs for private companies with $21-$99MM in annual revenue make an average of $237,983 in base salary. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 201-500 Employees. Bend, OR, Addison Group - Consumer defense, for example surged by nearly 10 percent between 2018 and 2019. dtSearch - INSTANTLY SEARCH TERABYTES of files, emails, databases, web data. But 2017 saw another kind of jump: she went back to her accounting roots and took a job as the companys CFO. 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. (Copyright 2023 Salary.com) View full job description, Employers: Job Description Management Tool. Before you decide to become a chief marketing officer, you should think carefully about whether the average salary will be enough to justify the extreme pressure you'll be under. Individualize employee pay based on unique job requirements and personal qualifications. 201-500 Employees. 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. Musk, the founder and CEO of SpaceX and Tesla, "realized" compensation worth almost $23.5 billion in 2021, from exercising some . Fortune 500 employees in Merced, CA, Billerica, MA, and Thomaston, CT are the highest paid. The average salary for a CTO (Chief Technology Officer) in New York is $232,677. A CTO should have the business knowledge necessary to align technology-related decisions with the organizations goals. 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. Where your job is located and the cost of living in your area may also impact your salary. 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. In Fortune 500 companies, the ratio ranges from 2 to 1 to almost 5,000 to 1. Oracle did not respond to a request for comment. While its true that a Chief Technology Officer may have to wear many different hats in their time (particularly at a startup), the role does have an official definition with which we can work from. 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. 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. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. Managing Experience: If you are a Chief Technology Officer (CTO) The full list is below. The result was a paycheck that was $1.1 million lighter at the end of the year. . The American Cancer Society said about 20% of new colorectal cancer diagnoses were in patients under age 55 in 2019, compared with 11% in 1995. Netflix ranked 115 on the Fortune 500, with an 18.8% change in revenue. He came to Sysco in 2012 after serving as CIO at Supervalu and Cadbury Schwepps. Salary: $710,385Bonus: $834,079Stock and options: $2,190,187Other: $18,478Total: $3,753,129. 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. 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. More answers below A Florida CEO salary is relatively smaller at $187,870 per year. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. Women receive a salary of $66,900 USD. Many of Nadella's peers likely believe he deserves a huge payday. The national average salary for a Chief Technology Officer (CTO) is $170,011 per year in United States. El Paso, TX, gpac - 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. Why do people leave their jobs? 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. Fortune 500 may also be known as or be related to Fortune 500 and Fortune 500 Inc. No, the pay is not good at Fortune 500. On the average, compensation among current female CEOs is approximately $10.8 million which is not too different from Fortune 500 average of $12 million. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. International Business Machines (IBM) Corp. Project Manager, (Unspecified Type / General). 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 CTO directs the strategic design, acquisition, management, and implementation of an enterprise-wide technology infrastructure. Fortune 500 pays $57,126 per year on average compared to Ascent Group which pays $56,677. And we scoured the proxy statements of the 500 largest U.S. companies to find 25 that disclosed CIO pay. Can It Keep Rising Post-Pandemic? Fortune 500 Internal Recruiting Department. Hes not as far up the list as he was last year, but his sizable performance bonus kept him in the mix. Sponsored by Cloud Range. Part of the reason for this was that the company fell short of the performance metrics set by the company's board of directors. Long-term incentives saw an increase of almost half a million dollars in 2017 to about $1.74 million, a change from the three previous years, which saw long-term incentives of about $1.25 million. Lets pay it forward! 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. Average Fortune 500 hourly pay ranges from approximately $14.97 per hour for Customer Engineer to $17.89 per hour for Field Service Technician. The average CTO (Chief Technology Officer) salary for women is $260,000 and the average CTO (Chief Technology Officer) salary for men is $231,500.
