Average CFO Salary Guide Public & Private Company CFO Salary

Gary Shedlin, CFO of BlackRock Inc., received total compensation worth $6.5 million. Catz took over as the president of Oracle in January 2004, and then extended her role to CFO in April 2011. She served as an interim CFO for the company between November 2005 and September 2008, as well as between April 2005 & July 2005. Her compensation in 2014 included a base salary of $950,000, option awards valued at about $36 million, and non-equity incentive plan compensation translating to approximately $456,236.

Benioff founded Salesforce in 1999, adopting the marketing slogan “The End of Software.” The cloud-based customer relationship management platform ranked 136 on this year’s Fortune 500. Benioff founded Salesforce in 1999, adopting the marketing slogan “The End of Software.” The cloud-based customer relationship management platform ranked 136 on this year’s Fortune 500. There were just nine women in the CEO position at Equilar 100 companies in 2021, a slight increase from six in the previous year’s study. The highest-paid woman on this year’s list is Rosalind G. Brewer, the new CEO of Walgreens Boots Alliance, who was awarded $28.3 million in 2021. Brewer is also the 14th overall highest-paid CEO in this year’s study. The introductory page of this feature highlights the top 10 highest-paid CEOs at Equilar 100 companies in 2021.

Highest Paying Types of Chief Finance Officers

My view here is that HR has not been able to create the distinction between strategic HR and transactional HR. And this, I believe, is because HR has not been able to develop appropriate strategic corporate metrics around human capital. It’s time HR departments begin measuring and sharing out powerful data and proof that they make a big impact on the bottom line. Based on 985 responses, the job of Chief Financial Officer has received a job satisfaction rating of 4.26 out of 5. On average, Chief Financial Officer s are highly satisfied with their job. The pay program structure for CEOs and CFOs over the last 10 years has remained largely unchanged.

• Pay levels for CFOs are a matter of careful consideration for compensation committees, especially as large internal pay differentials may be indicative of potential succession-planning issues.
• Among asset managers, private equity giant The Blackstone Group Inc.’s CFO, Michael Chae, tallied $15.6 million in total compensation.
• 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).
• The chief financial officer is an important executive in major companies.

Pichette played a crucial role in Alphabet’s transition from Google’s. He has helped streamline the company’s operations and improve financial performance. The company, which ranked 14 on this year’s 500, also grappled with a chip shortage that challenged Xbox game consoles. The company had a blockbuster 2021, bringing in $53.8 billion in revenue, up 71% from 2020, and expanding significantly into key European and Chinese markets. Tesla delivered 936,000 vehicles in 2021, an 87% increase that puts the company at the pinnacle of the global EV industry, with a 14% market share. The company, which ranked 14 on this year’s 500, also grappled with a chip shortage that challenged Xbox game consoles.

U.S. CEOs Widen Pay Gap With CFOs

CEO and CFO salaries vary greatly, depending on organization location, size, and industry. The actual total cash compensation for 2021 increased among our sample, driven by significant increases in bonus payouts. On a total compensation basis (including long-term incentive awards), the median rate of increase continued to trend much higher for both CEOs and CFOs (18% for CEOs and 17% for CFOs). Apart from being the CFO of Midstream Management, Warren Jr. has been serving as the president and secretary of this lucrative company since January 2014. Previously, he worked for Pennaco Energy as the CFO, EVP, and Director; Kidder, Peabody & Co and Dillons Read & Co. Inc. as a natural resources investment banker in the M&A advisory and equity & debt financing departments.

• You know if you are being paid fairly as a Chief Finance Officer if your pay is close to the average pay for the state you live in.
• Nonqualified deferred compensation is compensation put off until a future date.
• We have put together 100+ of the bestCFOinterview questions so that you can be confident in your hiring decision.
• Individual salaries vary widely, of course, tending to grow in size at larger organizations.
• In addition, high-level executives frequently have access to disability and life insurance.
• Here is a brief overview of his key responsibilities and notable contributions to the companies he has worked for so far.

Based on the screening criteria below, we arrived at a sample of 130 public companies with median 2021 revenue of $14B. As noted in the last key takeaway above, CEO pay as a multiple of CFO pay increases as companies in the indexes get larger. For example, the CEO pay multiple in the S&P 500 is around 3.0 over the whole 10-year period examined; it is relatively close to that for much of the period in the S&P 400. By contrast, it is around 2.6 in the S&P 600 and around 2.2 in the Russell 3000 excluding the S&P 1500. In contrast to the dollar differences in pay, which have increased over the period, CEO pay as a multiple of CFO pay has remained fairly constant.

Understanding CFO Salaries

He has held various senior leadership positions and is known for his financial expertise and ability to drive sustainable business growth. Is an American businessman, investment professional, and financial executive who has held several senior positions throughout his career. Here is a brief overview of his key responsibilities and notable contributions to the companies he has worked for so far. Overseeing the company’s key operations, including sales, marketing, finance, and legal departments. In other words, the CFO is one of the key members of the executive team, offering critical financial insight and guidance to the managing director, senior executive, and vice president to support the organization’s success.

Chief finance officers make the most in California, New Jersey, New York, Nevada, and Massachusetts. Most tax exempt nonprofits are required to file annual financial forms, known as Form 990, with IRS. The forms include salary information for the organization’s executives. Summary information from Form 990 is available at numerous online sites, such as Cause IQ.

But nonprofit CFOs generally have more diversified role than their counterparts in the business world. The Red Cross, the Boy Scouts of America, the National Rifle Association, the 4-H Club, and the National Academy of Sciences are all well-known nonprofit organizations that carry out very different missions. highest paid cfos 2020 In determining a compensation package, Malafis believes there is work to be done on both sides, that work being research and evaluation into what the goals are for both parties. Total compensation, including cash and equity, rose 17% for CFOs and 18% for CEOs in 2021, according to a new study.

For most of the CFOs, equity awards made up the majority of their recorded compensation in 2019. Developing and implementing financial strategies to support Disney’s business objectives. Bornstein also implemented a new financial reporting framework that increased GE’s financial reporting process accuracy. Developing and implementing financial strategies to support GE’s business objectives. He also successfully navigated companies through significant financial challenges while maintaining financial stability and growth.

The average salary for CFOs in the healthcare industry is $154,399 in 2021, according to ZipRecruiter. This does not include stock options, bonuses, or other forms of compensation. Microsoft CFO Amy Hood earned a salary of $975,000 in 2020, according to the company’s public filings. In addition, she earned $14,792,679 in stock incentives and $3,734,981 in non-equity compensation. While the rise in CEO pay is certainly playing a role in a larger CEO Pay Ratio, several other factors may be at play.