Top CIOs take home seven-figure pay packages

Fortune 500 CIOs and IT SVPs netted multimillion dollar compensation packages in 2011.

CIO payday

CIOs and senior IT leaders have ascended the ranks of corporate America, and in some cases, they rate among the most highly paid executives at the largest U.S. companies. Network World examined the proxy statements of the Fortune 500 and found 2011 compensation data for 27 senior IT executives at public companies including Aetna, FedEx, Home Depot, UPS and Walgreens. Read on for a snapshot of what each senior IT leader’s pay packages is worth, once the salaries, bonuses, stock options and perks are tallied.

Disclaimer: Our feature provides details on pay packages for 27 senior IT executives at Fortune 500 companies, but it's not a ranking of the highest paid CIOs and IT executives. Click here for more information.

Publix Super Markets: Laurie Douglas, SVP and CIO
Publix Super Markets: Laurie Douglas, SVP and CIO

Salary: $555,075

Performance-based cash bonus: $118,459

Perks and other compensation: $21,580

Total 2011 compensation: $695,114

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Insight Enterprises: Mike Guggemos, CIO
Insight Enterprises: Mike Guggemos, CIO

Salary: $330,000

Stock awards: $375,010

Performance-based cash bonus: $226,203

Perks and other compensation: $11,581

Total 2011 compensation: $942,794

Nash Finch: Cal Sihilling, EVP and CIO
Nash Finch: Cal Sihilling, EVP and CIO

Salary: $381,488

Stock awards: $206,896

Performance-based cash bonus: $223,841

Nonqualified deferred compensation earnings: $3,133

Perks and other compensation: $98,147

Total 2011 compensation: $913,505

United Stationers: David Bent, SVP eBusiness services and corporate CIO
United Stationers: David Bent, SVP eBusiness services and corporate CIO

Salary: $346,058

Stock awards: $482,040

Performance-based cash bonus: $119,030

Change in pension value: $10,878

Perks and other compensation: $31,909

Total 2011 compensation: $989,915

The Pantry: Paul Lemerise, SVP and CIO
The Pantry: Paul Lemerise, SVP and CIO

Salary: $280,771

Stock awards: $520,605

Option awards: $36,300

Performance-based cash bonus: $137,967

Perks and other compensation: $20,121

Total 2011 compensation: $995,764

LabCorp: Lidia Fonseca, SVP and CIO
LabCorp: Lidia Fonseca, SVP and CIO

Salary: $344,687

Stock awards: $299,442

Option awards: $214,812

Performance-based cash bonus: $278,723

Change in pension value: $15,295

Perks and other compensation: $21,350

Total 2011 compensation: $1,174,309

Kindred Healthcare: Richard Chapman, EVP, CAO and CIO
Kindred Healthcare: Richard Chapman, EVP, CAO and CIO

Salary: $419,335

Bonus: $100,000

Stock awards: $593,195

Performance-based cash bonus: $623,469

Nonqualified deferred compensation earnings: $4,494

Perks and other compensation: $3,688

Total 2011 compensation: $1,744,181

Centene: Don Imholz, EVP and CIO
Centene: Don Imholz, EVP and CIO

Salary: $422,000

Bonus: $465,000

Stock awards: $726,400

Performance-based cash bonus: $147,000

Perks and other compensation: $23,153

Total 2011 compensation: $1,783,553

Sprint Nextel: Bob Johnson, chief service and IT officer
Sprint Nextel: Bob Johnson, chief service and IT officer

Salary: $486,308

Bonus: $123,842

Stock awards: $372,019

Option awards: $256,780

Performance-based cash bonus: $718,990

Perks and other compensation: $47,578

Total 2011 compensation: $2,005,517

Avon: Donagh Herlihy, SVP and CIO
Avon: Donagh Herlihy, SVP and CIO

Salary: $510,000

Bonus: $3,691

Stock awards: $1,548,103

Nonqualified deferred compensation earnings: $36,875

Perks and other compensation: $39,560

Total 2011 compensation: $2,138,229

AutoZone: Bill Giles, EVP finance, IT & store development and CFO
AutoZone: Bill Giles, EVP finance, IT & store development and CFO

Salary: $487,692

Stock awards: $7,633

Option awards: $919,610

Performance-based cash bonus: $740,683

Perks and other compensation: $55,013

Total 2011 compensation: $2,210,631

Big Lots: Lisa Bachmann, EVP supply chain management and CIO
Big Lots: Lisa Bachmann, EVP supply chain management and CIO

Salary: $529,615

Stock awards: $1,233,600

Option awards: $582,000

Perks and other compensation: $33,887

Total 2011 compensation: $2,379,102

Ameriprise Financial: Glen Salow, former EVP, service delivery and technology
Ameriprise Financial: Glen Salow, former EVP, service delivery and technology

Salary: $575,000

Performance-based cash bonus: $1,701,000

Change in pension value: $312,393

Perks and other compensation: $56,102

Total 2011 compensation: $2,644,495

WellPoint: Lori Beer, EVP enterprise business services
WellPoint: Lori Beer, EVP enterprise business services

Salary: $600,000

Stock awards: $1,136,044

Option awards: $284,044

Performance-based cash bonus: $605,205

Change in pension value: $2,012

Perks and other compensation: $80,857

Total 2011 compensation: $2,708,162

SunTrust Banks: Tim Sullivan, former EVP and CIO
SunTrust Banks: Tim Sullivan, former EVP and CIO

Salary: $487,158

Stock awards: $1,386,251

Option awards: $264,635

Performance-based cash bonus: $317,871

Change in pension value: $289,027

Perks and other compensation: $32,163

Total 2011 compensation: $2,777,105

UPS: Dave Barnes, SVP and CIO
UPS: Dave Barnes, SVP and CIO

Salary: $418,137

Stock awards: $1,566,642

Option awards: $132,558

Performance-based cash bonus: $186,386

Change in pension value: $485,169

Perks and other compensation: $14,648

Total 2011 compensation: $2,803,540

Walgreens: Tim Theriault, SVP and CIO
Walgreens: Tim Theriault, SVP and CIO

Salary: $638,333

Stock awards: $1,120,263

Option awards: $391,192

Performance-based cash bonus: $655,504

Nonqualified deferred compensation earnings: $2,225

Perks and other compensation: $83,995

Total 2011 compensation: $2,891,512

Allstate: Suren Gupta, EVP technology & operations
Allstate: Suren Gupta, EVP technology & operations

Salary: $383,654

Bonus: $350,000

Stock awards: $674,991

Option awards: $975,004

Performance-based cash bonus: $500,000

Perks and other compensation: $18,896

Total 2011 compensation: $2,902,545

Gap: Tom Keiser, EVP and CIO
Gap: Tom Keiser, EVP and CIO

Salary: $655,769

Stock awards: $1,255,672

Option awards: $317,412

Performance-based cash bonus: $464,220

Perks and other compensation: $241,699

Total 2011 compensation: $2,934,772

Lowe’s: Mike Brown, former EVP and CIO
Lowe’s: Mike Brown, former EVP and CIO

Salary: $615,000

Stock awards: $1,269,300

Option awards: $737,730

Performance-based cash bonus: $478,495

Perks and other compensation: $65,581

Total 2011 compensation: $3,166,106

FedEx: Rob Carter, EVP information services and CIO
FedEx: Rob Carter, EVP information services and CIO

Salary: $735,955

Stock awards: $625,520

Option awards: $617,338

Performance-based cash bonus: $213,629

Change in pension value: $568,557

Perks and other compensation: $450,194

Total 2011 compensation: $3,211,193

The Home Depot: Matt Carey, EVP and CIO
The Home Depot: Matt Carey, EVP and CIO

Salary: $629,615

Stock awards: $1,128,189

Option awards: $656,249

Performance-based cash bonus: $709,389

Perks and other compensation: $100,681

Total 2011 compensation: $3,224,123

Norfolk Southern: Deb Butler, EVP planning and CIO
Norfolk Southern: Deb Butler, EVP planning and CIO

Salary: $500,000

Stock awards: $1,253,896

Option awards: $422,940

Performance-based cash bonus: $434,400

Change in pension value: $1,268,173

Perks and other compensation: $83,309

Total 2011 compensation: $3,962,718

Aetna: Meg McCarthy, EVP operations and technology
Aetna: Meg McCarthy, EVP operations and technology

Salary: $610,962

Stock awards: $2,770,593

Performance-based cash bonus: $935,763

Change in pension value: $4,283

Perks and other compensation: $170,831

Total 2011 compensation: $4,492,432

Coventry Health Care: Harvey DeMovick, EVP customer services organization and IT
Coventry Health Care: Harvey DeMovick, EVP customer services organization and IT

Salary: $600,000

Stock awards: $3,122,061

Performance-based cash bonus: $750,000

Perks and other compensation: $66,882

Total 2011 compensation: $4,538,943

United: Keith Halbert, former EVP and CIO
United: Keith Halbert, former EVP and CIO

Salary: $191,667

Stock awards: $1,625,111

Perks and other compensation: $3,177,939

Total 2011 compensation: $4,994,717

American Express: Steve Squeri, group president, global corporate services
American Express: Steve Squeri, group president, global corporate services

Salary: $1,000,000

Bonus: $4,000,000

Stock awards: $1,468,261

Option awards: $531,725

Performance-based cash bonus: $1,200,000

Change in pension value: $81,999

Perks and other compensation: $341,383

Total 2011 compensation: $8,623,368

CIO pay disclosures

This feature provides details on 2011 pay packages for 27 CIOs and senior IT executives at Fortune 500 companies, but it's not a ranking of the highest paid IT executives. A public company is only obligated to report the compensation of its principal executive officer, principal financial officer and three most highly compensated officers. If a senior IT leader ranks among a company's three most highly paid executives, that executive’s compensation is reported in the organization's proxy statement. A CIO might have earned a multimillion-dollar pay package, but if more than three executives at the company topped that amount, that IT leader's pay is not disclosed. There are undoubtedly higher paid IT chiefs whose compensation is not publicly reported.

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