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Feature

CIO Compensation: Top Information Technology Executives Make Millions of Dollars

Financial services, retail sectors well represented among top-paid IT executives at public companies. Take a peek at CIO salaries, bonuses and incentive pay of IT leaders at Fortune 1000 companies.

Top Earning CIOs for 2006 - Part 1

A CIO study of government filings by public companies found that 52 of the top 1,000 companies included their CIO among their most highly-compensated executives for 2006, the most recent year available. Below, see who made the top 10 list.


Executive, Company	Total Compensation	Salary	Bonus, Stock and Other Compensation
Jeff Fox/Group Pres. Shared Services, Alltel	$9,054,918	$673,077	$8,381,841
Bob Willett/CIO, CEO Best Buy International, Best Buy	$8,592,830	$622,962	$7,969,868
Jean Davis/Sr. EVP E-Commerce and Operations, Wachovia	$7,296,889	$205,500	$7,091,389
Larry Kittelberger/SVP Technology and Operations, Honeywell International	$6,401,052	$594,692	$5,806,360
Joe Antonellis/Vice Chairman, CIO, State Street	$6,334,483	$669,231	$5,665,252
Glen Salow/EVP Technology and Operations, Ameriprise Financial	$6,018,346	$475,000	$5,543,346
Tim Shack/EVP, CIO, PNC Financial Services Group	$5,942,093	$510,000	$5,432,093
Roy Dunbar/Pres. Global Technology and Operations, MasterCard	$5,216,498	$600,000	$4,616,498
Bob DeRodes/EVP, CIO, Home Depot	$5,179,182	$715,192	$4,463,990
Harvey DeMovick Jr./EVP Customer Service Operations, CIO, Coventry Health Care	$4,670,942	$600,000	$4,070,942
Gregor Bailar/EVP, CIO Capital One Financial	$4,522,681	$466,667	$4,056,014
Bill Chenevich/Vice Chairman Technology & Operations Services US Bancorp	$4,368,359	$475,018	$3,893,341

SOURCE: Securities and Exchange Commission. Notes about data in this table:Bonus, stock and other compensation includes stock awards, options, long-term incentive payouts, pension contributions and all other compesation. Davis is now retired from Wachovia. Antonellis is now vice chairman at State Street. Bailor left Sept. 2007. Battista is now president, Western Union Financial Services. Kohlsdorf left Sept 2006. Spaid left Jan 2007.