The Highest Paid Tech and Media CFOs Earned $23 Million on Average

Monitors financial performance by measuring and analyzing results, initiating corrective actions, and minimizing the impact of variances. Change in pension value is essentially showing the growth of the value of the executive’s pension plan. Nonqualified deferred compensation is compensation put off until a future date. Led the restructuring of Disney’s Parks and Resorts division, resulting in significant cost savings and improved financial performance. Schiller played a crucial role in the launch of multiple drugs, driving significant revenue growth for the companies he worked for. Developing and implementing financial strategies that support the company’s objectives.

The reason that the plans are called “long-term” is that they typically measure performance over a few years, rather than a single year like short-term incentive plans do. The reasoning here is that if an executive’s compensation is housed in equity, they’ll be more incentivised to push for firm success in the long run. In proxy statements, recorded salary reflects salary earned in the previous fiscal year. This means that sometimes, the salary listed in the proxy statement is different than the salary rate of pay, which is the amount an executive would receive in a normal year. Overseeing financial operations, including accounting, financial planning, and analysis. With over 2 decades of experience in the media and entertainment industry, Ianniello has played a key role in the financial management of one of the largest media companies in the world.

I am not a CPA… but I am a CFO!

This includes– a base salary of $950,000, stock awards worth $9.4 million, and a cash bonus of $2.3 million. Schiller joined Valeant Pharmaceuticals in December 2011 as the company CFO before retiring in June 2015. Before joining the company, he had 24 years experience at Goldman Sachs, his main responsibility being management and strategy. In 2014, he received a whopping $27,112,617 compensation, which included a$953,846 base salary and $23,730,659 worth of restricted stock awards. He also received non- equity incentive plan compensation worth $2,400,000 and “other” compensation totaling $28,112.

Individuals with no academic healthcare training can build up their healthcare knowledge by starting in lower-level management positions in healthcare, then working their way up the executive ladder. California pays Chief Finance Officers the most in the United States, with an average salary of $151,846 per year, or $73.00 per hour. According to the NonProfit Times, a business journal aimed at nonprofit managers, the average salary for nonprofit CFO in 2019 was ​$115,728​.

CFO Interview Questions: Your Job Opportunity

And if you consider compensation as one measure for how much value you add to the world, it’s great to finally see HR get the recognition it deserves. One of two women on the list of highest-paid financial services CFOs, T. Rowe Price Group Inc.’s Céline highest paid cfos 2020 Dufétel, made $6.1 million in 2019 after a 61.9% raise from the prior year. Since many companies made equity grants early in 2021, prior to the impact of economic contraction into 2022, we do not expect to see increases of this magnitude next year.

While this group is affected by location and years of experience, the company is the biggest motivational factor. Most CFOs receive medical benefits and dental coverage, which means job satisfaction is extremely high. According to surveys, men are the most dominant in the CFO department, making up to 66 percent representation. Bonuses make up an increasing share of total CFO compensation, up from a median target value of 75% of base to 80% of base in one year, while actual payouts reached 112% of target. As a consequence of this heavy reliance on bonuses, the 2020 Covid crisis could have lingering effects on total compensation for a range of C-suite players, including CFOs.

Goldman Sachs’ Scherr highest-paid financial services CFO in US in 2019

Other compensation includes payments to executives that don’t fit anywhere else. For our highest paid CFOs, two had bonus awards and four had short-term incentive awards. T-Mobile’s J. Braxton Carter had the largest bonus, at $2.5 million, which was awarded as a part of his employment agreement (and called the “Carter Retention Bonus”), according to most recent proxy filings. Is a highly accomplished and one of the highest-paid CFO in the world who has worked in the financial industry for over 20 years.

• Approximately 30% of companies in the sample use stock options, time-based stock awards, and performance plan awards.
• Is a well-known name in the world of finance, having served as the CFO of various pharmaceutical companies.
• Apple finished the year with a gargantuan $95 billion in profits—outperforming every other U.S. company on that front.
• Two years after the start of the pandemic, the early data from 2021 shows that CEO pay appears to be back on the rise.

According to ZipRecruiter, the average salary for a non-profit CFO is $133,576, based on job postings and third-party data. Perks of the job can vary but can include the likes of a company car or driver, a hefty severance package—also known as a golden parachute, relocation expenses, use of a private jet or helicopter, and first-class flights. While healthcare is a typical perk, high-level executives such as CFOs have access to disability and life insurance. Workplace-related perks can include a dedicated parking space, large offices, and private bathrooms, among others. Performance awards, stock options and time-vested restricted stock are all part of the mix.

Many CFOs have a decade or more of relevant work experience and often have a Master in Business Administration . Generally, CFOs have held previous positions such as controller or director of finance. This could lead to CFOs jumping ship from companies with lower immediate growth potential and heading for greener pastures in industries that are continuing to increase market share, revenues and stock price. The nationally renowned CFO recruiters at Cowen Partners have deep experience working with private, public,pre-IPO, andnon-profit organizations. Clients are typically $50 million in revenue to Fortune 1000’s or have assets between $500 million to $15 billion.

In this blog post, we will discuss the top 10 highest-paid CFOs in the world in 2023– highlighting their responsibilities and contributions. Also, to satisfy your curiosity about how much a CFO makes, we will discuss their pay and other compensation benefits. Tan was born in Malaysia and attended M.I.T. on a scholarship before entering the business world. He has been CEO of Broadcom since Avago’s $37 billion acquisition of the semiconductor company in 2015.

So how much can you earn having such responsibility on your shoulders? Other high-earning finance professionals are vice presidents of audit, tax and treasury. At the high-end, these professionals’ typical salary in New York City is, respectively, $236,000, $231,000 and $194,000. The typical CFO based in New York City earns between $192,000 and $568,000 in salary, depending on the size of the company, a survey by staffing firm Atrium finds.

The minor increase in time-based awards was expected in 2020 due to the COVID-19 pandemic, and performance shares rebounded in 2021 when goal setting became more manageable. In 2021, prevalence of salary increases stayed consistent for CEOs (42% received increases in 2021 compared to 44% in 2020) and rose for CFOs (62% received increases in 2021 compared to 55% in 2020). At many companies, salary increases planned for 2020 may have been delayed to 2021 due to the COVID-19 pandemic. As indicated in the charts below, median 2021 salary increases were 2.5% for CFOs (or 4% for those receiving an increase) and 0% for CEOs (or 4% for those receiving an increase). CAP’s report examines compensation outcomes for Chief Financial Officers relative to Chief Executive Officers . This analysis summarizes 2021 compensation actions among 130 companies with median revenue of $14 billion.