We look at America's high-earning CIOs
How high can a senior IT leader ascend in the ranks of a public company? High enough to rank among a company's most highly-paid executives. High enough to enjoy perks such as company cars, financial planning services, and access to the corporate jet.We dug through the proxy statements of the 500 largest US companies, as ranked by the Fortune 500, and found compensation data for senior IT executives at public companies including GM, Boeing, Yahoo and FedEx. Read on for a snapshot of what each of these senior IT leaders' pay packages is worth, once the salaries, bonuses, stock options and perks are tallied, with figures kept in US dollars.Disclaimer: Our feature provides details on pay packages for 10 senior technology executives at Fortune 500 companies, but it's NOT a ranking of the highest paid CIOs and CTOs.There are undoubtedly higher paid IT chiefs whose compensation is not publicly reported and therefore they aren't in this slideshow.
Aristotle Balogh - $2.9 million
Aristotle Balogh, who departed Yahoo in July 2010, netted a $2.9 million pay package from the $6.3 billion company. His 2010 compensation included a $285,607 salary; stock awards and option awards valued at $1.9 million and $576,679, respectively; and $204,038 in perks and other compensation. As CTO, all of Yahoo's engineering functions - including technical operations, infrastructure and internal IT support groups - reported to Balogh.
Deb Butler - $3.2 million
Deb Butler heads strategic planning and IT initiatives at Norfolk Southern, a $9.5 billion transportation company. In 2010 she earned a $3.2 million pay package, which included a $500,000 salary; $388,750 bonus; stock awards and option awards valued at $916,252 and $491,310, respectively; $809,441 attributed to change in pension value and nonqualified deferred compensation earnings; and $57,384 in perks and other compensation. Butler has steadily ascended the corporate ranks since she joined Norfolk Southern in 1978 as a customer account auditor.
John Tracy - $3.6 million
John Tracy's CTO and SVP duties span a lot of territory at $64.3 billion aerospace giant Boeing. He oversees Boeing's enterprise technology investment strategy and provides strategic direction to multiple business organisations - including engineering, operations, supplier management, IT, enterprise technology strategy and intellectual property management. His $3.6 million pay package for 2010 included a $464,869 salary; $479,500 bonus; stock awards and option awards valued at $1.6 million and $351,319, respectively; $650,837 attributed to a change in pension value; and $69,499 in perks and other compensation.
Rob Carter - $3.6 million
Rob Carter, who joined FedEx in 1993, sets technology direction at the $34.7 billion transportation and business services company and is responsible for its key applications and technology infrastructure. His 2011 pay package was worth $3.6 million and included a $735,955 salary; $213,629 bonus; stock awards and option awards valued at $625,520 and $617,338, respectively; $568,557 attributed to change in pension value and nonqualified deferred compensation earnings; and $450,194 in perks and other compensation.
Glen Salow - $4.1 million
Glen Salow is responsible for technology and service delivery at Ameriprise Financial, a $10 billion financial planning company. He earned a $4.1 million pay package last year, which included a $575,000 salary; $2 million bonus; stock awards and option awards valued at $637,500 and $637,500, respectively; $216,210 attributed to change in pension value and nonqualified deferred compensation earnings; and $54,375 in perks and other compensation. Before joining Ameriprise in 2005, Salow was CIO at American Express.
Marwan Fawaz - $4.2 million
Marwan Fawaz served in a variety of senior engineering, technology and operations positions at Charter Communications before resigning as CTO of the $7.1 billion broadband communications company in March. He earned a $4.2 million pay package in 2010, which included a $587,214 salary; $1.5 million bonus; stock awards and option awards valued at $368,577 and $1.7 million, respectively; and $9,989 in perks and other compensation.
Bill Chenevich - $4.4 million
Bill Chenevich, who retired in June 2010, was responsible for technology and operations services at U.S. Bancorp, a $20.5 billion financial services company. His 2010 pay package, valued at $4.4 million, included a $308,797 salary; $499,531 bonus; stock awards and option awards valued at $2.1 million and $1.1 million, respectively; $337,329 attributed to change in pension value and nonqualified deferred compensation earnings; and $17,014 in perks and other compensation.
Lori Beer $4.5 million
In her 12 years with WellPoint, a $58.8 billion health benefits company, Lori Beer has ascended the corporate ranks and held a number of tech-related positions, including CIO, senior vice president of enterprise solutions, and CTO. As executive vice president of enterprise business services, Beer leads five business support functions: service operations, operational excellence, IT, information management, and sourcing and supplier management. Her 2010 pay package, valued at $4.5 million, included a $519,231 salary; $671,429 bonus; stock awards and option awards valued at $2.5 million and $665,294, respectively; and $110,901 in perks and other compensation.
Meg McCarthy - $5.1 million
Meg McCarthy is responsible for clinical innovation, technology and service operations at Aetna, a $34.2 billion healthcare benefits company. She netted a $5.1 million pay package in 2010, which included a $588,506 salary; $837,312 bonus; stock awards valued at $3.6 million; and $65,905 in perks and other compensation. McCarthy was named Aetna CIO in 2005 and later served as head of business solutions delivery, which brought together all of Aetna's IT project management, development, quality engineering and business-process reengineering functions. Before joining Aetna in 2003, she was senior vice president of IT at Cigna Healthcare and has held CIO positions at Catholic Health Initiatives and Franciscan Health System.
Thomas Stephens - $5.6 million
Thomas Stephens took on the newly created role of global CTO at GM (a $135 billion company) in February, and he's responsible for developing advanced technologies for integration into GM vehicles. His 2010 pay package, valued at $5.6 million, included a $900,000 salary; $4.4 million in stock awards; $295,772 attributed to a change in pension value and nonqualified deferred compensation earnings; and $37,719 for perks and other compensation.
We look at America's high-earning CIOs
How high can a senior IT leader ascend in the ranks of a public company? High enough to rank among a company's most highly-paid executives. High enough to enjoy perks such as company cars, financial planning services, and access to the corporate jet.We dug through the proxy statements of the 500 largest US companies, as ranked by the Fortune 500, and found compensation data for senior IT executives at public companies including GM, Boeing, Yahoo and FedEx. Read on for a snapshot of what each of these senior IT leaders' pay packages is worth, once the salaries, bonuses, stock options and perks are tallied, with figures kept in US dollars.Disclaimer: Our feature provides details on pay packages for 10 senior technology executives at Fortune 500 companies, but it's NOT a ranking of the highest paid CIOs and CTOs.There are undoubtedly higher paid IT chiefs whose compensation is not publicly reported and therefore they aren't in this slideshow.
