What are the benefits of believing in God? The estimated additional pay is $58,887 per year. Salesforce did not respond to a request for comment. Salary.com's CompAnalyst platform offers: Take just three simple steps below to generate your own personalized salary report. 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. The company ranked 134 on this year's Fortune 500. 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. In these companies, the primary role of the CEO can often be summed up in three words: increasing share value. Salary: $601,675Bonus: $772,933Stock and options: $1,318,029Other: $45,730Total: $2,738,367. The CEO is at the highest position in a company. The estimated additional pay is $95,568 per year. Individualize employee pay based on unique job requirements and personal qualifications. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. Job Description for Chief Technology Officer. According to Salary.com, the median CEO salary was $822,300 in September 2020. Image from Unsplash. - Emmy-nominated host Baratunde Thurston is back at it for Season 2, hanging out after hours with tech titans for an unfiltered, no-BS chat. Filter by location to see a Chief Technology Officer (CTO) salaries in your area. The chief technology officer (CTO) is the individual within an organization who oversees the current technology and creates relevant policy. In 2021, Musk "realized" compensation worth almost $23.5 billion, from exercising some Tesla stock options awarded in a 2018 multiyear moonshot grant. Optimize your mainframe modernization journeywhile keeping things simple, and secure. Kotick became CEO of Activision in 1991. Location has an effect on the earnings of employees at Fortune 500 too. According to Bloomberg, the highest-paid CEO in 2020 was Elon Musk, CEO of Tesla Inc., with an income of over $595 million making him the highest-paid CEO in the world. InSights Blog. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Customer service is the second-lowest paying organizational function at Fortune 500, where the workers earn $37,650 per year. For a real-time salary target, tell us more about your role in the four categories below. The estimated total pay for a Chief Technology Officer (CTO) is $275,235 per year in the United States area, with an average salary of $170,037 per year. Activity 2 year(s), 0 month(s) Lene Skovbjerg's Willingness to Change Jobs. After cutting his teeth consulting with Deloitte and IBM, Scott Laverty got into the retail business as CIO of Borders Books and Head of Retail for HCL AXON. Salary: $568,035Bonus: $500,000Stock and options: $1,400,088Other: $101,760Total: $2,569,883. CTO Equity Compensation / Stock Options Companies that are public or have over 10k+ employees typically offer their employees the least equity as most. Meanwhile, hes serving as EVP and CIO of Shane Company Jewelry. The highest salary for a Chief Technology Officer (CTO) in United States is $308,146 per year. For companies with revenue below $10 million, median CEO total direct compensation is $200,000. She assumed the job of EVP of International Operations later in 2017. Love them or hate them, admire them or just plain envy them, there's no denying that the CEOs of the country's top companies rake in a lot of cash. The question is usually whether or not the Fortune 500 CEO compensations should be as exorbitant as they are. How much does a Chief Technology Officer make in the United States? Instead, the CEO of a Fortune 500 company is primarily concerned with the "big picture," which the Corporate Finance Institute describes as managing the company's managers while developing and overseeing the execution of long-term strategies. The company has recently cut costs after losing subscribers as the world re-opens after the pandemic. Oracle did not respond to a request for comment. Fortune 500 pays $27.46 an hour, on average. Although he makes the cutoff for our list because he worked at AIG in 2017 and netted hefty compensation, much of it in the form of a bonus he actually left the company in March of that year, possibly as part of the sweep of the executive ranks that soon afterward saw the CEO ousted as well. Fallon, NV, Custom Computer Specialists - Level of Education: Gaining advanced degrees 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. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Establishes overall direction and strategic initiatives for the given major function or line of business. Distribution and use of this material are governed by What is the average salary for a surgical technologist? This story was originally featured on Fortune.com, Patrick Pleuldpa-Zentralbild/ZB, picture alliance via Getty Images, our new analysis of how Fortune 500 CEOs are compensated, Brazil's Americanas execs omitted info to audit committee, local media reports, US pick to head World Bank, ex-Mastercard CEO Banga, starts 'charm offensive', Stock market news today: S&P 500, Nasdaq fall, yields rise after hawkish Fedspeak, US STOCKS-S&P, Nasdaq weak as manufacturing stokes Fed concerns, Stocks mixed ahead of closing bell, retailers experienced a turbulent February session. 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. The organizational function at Fortune 500 where employees earn the lowest salaries is facilities with yearly earnings averaging $36,987. Some big news today: CVS Health will acquire Oak Street Health, a leading value-based primary care company helping older adults stay healthy and live life more 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. Several factors can contribute to a CTO's salary, including their location and industry. 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.. Based on our analysis, the employees in finance earn salaries at Fortune 500 that are well above average, with yearly earnings averaging $91,070. Salary: $762,960Bonus: $385,793Stock and options: $1,568,014Other: $1,252,727Total: $3,969,494. 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. Companies; Markets; Tech; Billy; companies. Christa Terry March 23, 2020. The average CT Technologist salary in the United States is $74,003 as of January 29, 2021, but the salary range typically falls between $67,699 and $80,952. Not the job you're looking for? The average ratio between CEO and worker pay in the U.S. is 339 to one, according to MarketWatch. Is Average Chief Technology Officer (CTO) Salary your job title? Step 4: Dont Be the First to Name a Price. Women receive a salary of $66,900 USD. Find out the highest paying jobs at Fortune 500 and salaries by location, department, and level. He has been CEO of Broadcom since Avago's $37 billion acquisition of the semiconductor company in 2015. . 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. (Copyright 2023 Salary.com), Employers: Job Description Management Tool. Seattle. 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. According to a Bloomberg survey of 22 countries, the average CEO in the U.S. makes over four times the average worldwide. How Cultural Diversity Affects Women in the Workplace. What is the average income in Connecticut? Which is the best study material for FRM? Read about the latest cybersecurity news and get advice on third-party vendor risk management, reporting cybersecurity to the Board, managing cyber risks, benchmarking security performance, and more. Rasmus Norling and Poly Shield Technologies. This industry includes food companies like McDonalds and clothing companies like Gap and Kohls, according to Ellison's report. The base salary for Chief Technology Officer ranges from $245,058 to $305,027 with the average base salary of $275,786. Copyright 2023 IDG Communications, Inc. He came to Sysco in 2012 after serving as CIO at Supervalu and Cadbury Schwepps. Countries. Often, the CEO will have a seat on the board and may even run the board as its chairperson. 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. Meanwhile, the average U.S. worker saw a wage increase of $1,303 per year over the past decade, earning on average just $58,260 in 2021. paywatchMenu Paywatch Highest-Paid CEOs Company Pay Ratios CTO (Chief Technology Officer) salaries are based on responses gathered by Built In NYC from anonymous CTO (Chief Technology Officer) employees in New York. Ohio-based Abercrombie & Fitch CEO, Fran Horowitz, is a female CEO with an average annual salary of $201,000. average cto salary fortune 500 (719) 280-0021. 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. Top Tips for Negotiating Your Executive Compensation. How much does a Chief Technology Officer make in the United States? Salary: $653,368Bonus: $1,302,852Stocks and options: $2,772,636Total: $4,728,856. By Zippia Team - Sep. 28, 2022 The average salary of a Fortune 500 CEO is $15.9 million per year. The average Fortune 500 salary ranges from approximately $82,783 per year for Senior Technical Recruiter to $170,647 per year for Full Stack Developer. He achieved this by exercising Tesla stock options given in a 2018 multiyear moonshot grant. Revenue rose 89.1% in 2021, driven by the company's REGEN-COV antibody treatment for prevention and treatment of COVID-19. What are they . Skills associated with Chief Technology Officer: Public health care firms paid compliance chiefs an average of nearly $550,000 in total compensation last year, more than any other industry. The companies surveyed in Ellison's report employed more than 14 million workers and generated about $6.3 trillion in profit. While hes moved down this list a bit since last year, a sizeable stock grant kept him in the top 25. The list includes only companies that are incorporated in the U.S., that operate in the U.S. and that report their finances to the federal government or a state government. Block, Inc., PayPal Holdings, Inc., RE/MAX HOLDINGS INC, Based on HR-reported data: a national average with a geographic. 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. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Chief Technology Officer in the United States. The cloud-based customer relationship management platform ranked 136 on this year's Fortune 500. The amount you earn as a CTO may vary based on your education level, work experience and skill set. Zippia Answers Job Search Mark Zuckerberg (Facebook) takes a dollar token salary. Catz was a banker before she joined Oracle as a Senior Vice President in 1999. 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