The Richest CIOs: Our Annual List of Top Earners
Bigtime CIOs have endured a volatile year, and their wallets have felt the impact. The sour economy and politics involved have led to a huge drop in performance bonuses and rejiggered our annual list of high-paid technology leaders.
CIO — Which CIOs are earning the most? What does a top CIO's total compensation look like? The below chart details 2008 earnings for the top money-makers at public companies.
Methodology note: This list is based on publicly-filed SEC documents. It represents only CIOs from public companies among the Fortune 1000, where the CIO is one of the company's 5 highest-paid officers.
The total compensation figure combines value of stock and options awards, incentive payouts, perks, pension contributions and other compensation.
For more background on CIO salaries, see our related story, "Richest CIOs: What's Behind Smaller Bonuses."
CIO Earnings
| Top Technology Executive | Title | Company | Total 2008 Compensation | Salary |
|---|---|---|---|---|
| Randall Mott | EVP, CIO | Hewlett-Packard | $28,293,134 | $690,000 |
| Larry Kittelberger | SVP Technology and Operations | Honeywell International | $8,030,866 | $712,788 |
| Sam Leno | EVP Finance and Information Systems, CFO | Boston Scientific | $6,321,255 | $621,721 |
| Steve Squeri | EVP Corporate Development and CIO | American Express | $6,252,701 | $600,000 |
| Bill Chenevich | Vice Chairman, Technology and Operations Services | US Bancorp | $5,384,509 | $537,521 |
| Franck Moison | President Global Marketing, Supply Chain and Technology | Colgate-Palmolive | $5,058,159 | $641,667 |
| Bob DeRodes | former EVP, CIO | Home Depot | $4,836,618 | $462,769 |
| Tim Shack | former EVP, CIO | PNC Financial Services Group | $4,577,332 | $510,000 |
| Glen Salow | EVP Service Delivery and Technology | Ameriprise Financial | $4,071,987 | $475,000 |
| Randy Darcy* | EVP Worldwide Technology and Operations | General Mills | $3,476,976 | $489,895 |
| Robert Willett* | CIO Best Buy; CEO Best Buy International | Best Buy | $3,468,486 | $821,157 |
| Anil Kottoor | SVP, CIO | WellCare Health Plans | $3,079,961 | $305,000 |
| Anna Ewing | EVP, Global Software Development and CIO | NASDAQ OMG Group | $2,791,709 | $400,000 |
| Patrick McNamee | EVP Operations and Technology | Express Scripts | $2,769,387 | $464,981 |
| Deborah Butler | EVP Planning and CIO | Norfolk Southern | $2,723,561 | $435,000 |
| Michael Maslowski | SVP, CIO | CenturyTel | $2,672,770 | $353,712 |
| Greg Framke | EVP, Chief Information and Operations Officer | Etrade Financial | $2,059,718 | $421,731 |
| Kenneth Tye | Sr. Exec. VP, CIO | Total System Services | $2,047,126 | $440,013 |
| David Johns | SVP, Supply Chain and IT Officer | Owens Corning | $1,816,368 | $367,500 |
| David Kelley | EVP, CIO | TD Ameritrade | $1,792,653 | $300,000 |
| Thomas Frank | EVP, CIO | Interactive Brokers Group | $1,778,179 | $312,000 |
| Jenny Bolt | EVP Operations and Technology | Franklin Resources | $1,768,722 | $506,250 |
| Michael Cheles | VP IT | MEMC Electronic Materials | $1,745,238 | $237,000 |
| Rob Autor | former EVP, CIO | SLM | $1,741,720 | $350,000 |
| Tim Sullivan | Corporate EVP, CIO | SunTrust Banks | $1,698,634 | $484,067 |
| Bruce Goodman | SVP, Chief Service and Information Officer | Humana | $1,588,048 | $489,385 |
| Lisa Bachmann | SVP Merchandise Planning/Allocation and CIO | Big Lots | $1,572,566 | $436,222 |
| John Alexander Du Plessis Currie | EVP, CIO | Brightpoint | $1,400,797 | $475,000 |
| Richard Flaks | SVP, Planning, Allocation and IT | The Children's Place | $1,382,189 | $494,497 |
| Mahvash Yazdi | SVP, CIO | Edison International | $1,228,790 | $394,947 |
| Calvin Sihilling | EVP, CIO | Nash-Finch | $1,189,392 | $378,866 |
| Jeanne Moreno | VP, CIO | Snap-On | $1,177,949 | $319,340 |
| Raymond Voelker | CIO | Progressive | $1,170,457 | $377,307 |
| Scott Arvidson | EVP, CIO | Kansas City Southern | $1,141,863 | $336,386 |
| Joseph Osbourn* | EVP, CIO | Tech Data | $1,127,556 | $498,001 |
| Pierre Samec | CTO | Expedia | $1,070,060 | $350,000 |
| Keith Morrow | SVP, CIO | Blockbuster | $1,054,104 | $350,000 |
| Michael Relich | SVP, CIO | Guess? | $977,590 | $386,154 |
| Gregory Tranter | SVP, CIO | The Hanover Insurance Group | $948,736 | $369,231 |
| Richard White | Former SVP, CIO | MPS Group | $916,176 | $250,000 |
| Richard Smith* | SVP, CIO | CarMax | $864,800 | $338,308 |
| Lawrence DelGatto | EVP, CIO | Radian Group | $845,018 | $300,000 |
| Kenneth Smith | SVP, CIO and Human Resources Officer | PolyOne | $840,753 | $333,308 |
| Jon Kerner | SVP, CIO | MPS Group | $837,517 | $250,000 |
| Larry Thomas | VP, CIO | Landstar Systems | $808,482 | $206,000 |
| Dudley Sondeno | SVP, Chief Knowledge and Technology Officer | Southwest Gas | $792,009 | $272,377 |
| Paul G.P. Hoogenboom* | SVP, Manufacturing and Operations, CIO | RPM International | $727,055 | $346,000 |
| Bruce Marcus | EVP, CIO | McGraw-Hill | $651,861 | $420,000 |
| Allan Lubitz | SVP, CIO | Mercury General | $604,708 | $325,000 |
| Laurie Douglas | SVP, CIO | Publix Super Markets | $540,093 | $505,600 |
| Richard George | VP, Controller and CIO | The Andersons | $504,100 | $210,885 |
| Kenneth DeWitt | VP, CIO | United Rentals | $459,486 | $205,077 |
Source: SEC documents. *2009 figures were used when 2008 figures were not available.
CIO magazine assistant editor Simone Levien contributed research support to this project.
Follow senior editor Kim S. Nash on Twitter @knash99. Follow everything from CIO.com on Twitter @CIOonline.
