A $10 million pay package. A $3.4 million signing bonus. Equity awards valued at $4.7 million. CIO compensation is on the rise.
To find out how much CIOs at giant global companies really earn, we scoured the proxy statements of the 500 largest U.S. companies and found 25 that disclosed CIO pay. For these 25 CIOs, salaries are just a fraction of their total compensation. It’s the cash bonuses and equity awards that propel pay packages into the millions.
Among these 25 tech leaders, the lowest paid is Jason Buechel of Whole Foods. Buechel, who earned $883,971 last year, is one of only two CIOs on the list with a pay package valued under $1 million.
The largest pay package went to Tim Theriault, who stepped down last June from his position as global CIO for Walgreens Boots Alliance. Theriault’s $13.6 million compensation package included a giant parting payment of $8.5 million.
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