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.
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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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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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Originally published on Network World| Click here to read the original story.
