Among the 1,000 biggest public companies in the United States, 45 CIOs were rewarded highly enough last year to be included in the proxy statements required by the Securities and Exchange Commission (SEC), which explain how the top five company executives are paid.
Compensation for this elite 45 is a complex formula of fixed pieces, such as salary and perquisites, and variable pieces made up of cash, stock and options. To get them, executives have to achieve the financial goals the board specifies.
The motivation? Variable pay can account for 70 percent to 80 percent of a CIO's compensation.
The pay packages of CIOs and other executives can fluctuate 40 percent year-to-year, according to our analysis of the proxy statements. In other words, CIOs can do everything right, but larger economic forces or fundamental company problems can still mean they watch potential pay slip away.
The infographic below (you can