Today’s CIOs can make millions as they ascend the corporate ladder. While climbing, many tech chiefs take on additional titles and broader administrative roles.
Lisa Bachmann, for instance, was named CIO of Big Lots in 2005 and then promoted to EVP and chief operating officer in 2011. As COO, she added responsibility for store operations to her workload, which includes overseeing IT, merchandise planning and allocation, and distribution and transportation services. Her 2014 compensation is valued at $3 million.
Similarly, David Thompson joined Western Union in April 2012 as CIO and took over IT. Seven months later, he added global operations to his responsibilities. In 2014, he earned a $2.4 million pay package.
Bachmann and Thompson are two of 25 IT leaders whose pay packages Network World examined. The data comes from proxy statements filed with the U.S. Securities and Exchange Commission. For these 25 CIOs and senior technology executives, their salaries are a fraction of their total compensation. Cash bonuses and equity awards can propel their pay packages into the millions.
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