CIOs Who Are Earning Millions

Janco Associates recently reported a trend among CIOs: Taking into account base salary and ‘other’ types of compensation, many CIOs are pulling in over $1 million a year. “The striking component of the compensation plans for each of the executives who made this list is that none of them got on the list with a base salary of $1 million. They all get ‘other’ compensation — mostly in the form of stock,” says Janco Associates’ CEO M.V. Janulaitis. “t was only 1987 when the first million dollar CIO, DuWayne Peterson at Merrill Lynch, was identified. Now it is almost normal for these high-powered executives to be in that club,” he says. Here’s a run-down of the top 12. Check the full list


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October 7, 2014

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