|CFO.com Special Compensation Report: Top Ten Paid Chief Executives
|In a year when the tech bubble burst, the Sun finance king ruled along with Tyco’s chief while others take on added responsibility and reduced pay.
|CFO.com | US|
|August 07, 2002|
New York, NY, August 7, 2002-CFO.com, the online arm of CFO magazine, and Mercer Human Resource Consulting Group of New York City, New York, today announce the release of their annual “CFO Compensation Special Report.” The survey was based on analysis of 350 finance executives at the largest public companies and looked at all forms of CFO compensation.
The Special Report highlights that CFOs total earnings have slowed considerably in the past year, due in part to the reduction in stock option value and other non-cash incentives.
Median total direct compensation (TDC) for finance chiefs last year was a cool $961,000, according to the Survey. But for CFOs hoping to one day make as much as their bosses, the survey has some sobering news. For the last five years, median total CFO compensation has hovered persistently at 40 percent of chief executive pay; more detail can be found at: www.cfo.com/cfopay.
CFO.com is a division of The Economist Group. Launched in 2000 to address the changing needs of senior financial executives and reaches more than 200,000 financial executives. CFO.com is the first and only online resource providing the most up-to-date information for trends in corporate finance, strategies and breaking news.
Today’s CFOs need a source that goes beyond general information and provides the tools and insights that help them excel in managing their demanding roles. CFO.com’s editorial content and applications are developed in conjunction with financial executives around the world to ensure the most relevant information is accessible instantly anywhere there is a connection to the Internet. www.cfo.com
Mercer Human Resource Consulting is a global firm that helps organizations create measurable business results through their people. With more than 13,500 employees serving clients from 142 cities in 40 countries worldwide, the company is part of Mercer, a wholly owned subsidiary of Marsh & McLennan Companies, Inc., which lists its stock (ticker symbol: MMC) on the New York, Chicago, Pacific, and London stock exchanges.