Human Capital & Careers

2001 CFO Pay: CFOs Vs. CEOs

How the compensation of top financial executives stacked up against that of their bosses over the past five years.
CFO.com StaffAugust 2, 2002

Based on a sample of 234 CFOs and 355 CEOs at 350 of the largest public companies with revenues over $1 billion that filed corporate proxy statements between July 30, 2001 and April 5, 2002. Figures do not include “all other compensation” or “other annual compensation.” “Total annual compensation” (TAC) equals base salary plus bonus. “Total long-term incentive compensation” (LTI) is the gain on options exercised plus the value of restricted-stock grants plus long-term incentive-plan payouts. “Total direct compensation” equals the sum of TAC and LTI.

Compiled by Mercer Human Resource Consulting

CFO Compensation as a Percentage of CEO Compensation
2001
  Salary TAC LTI TDC
75th Percentile 57.7% 51.1% 50.0% 52.5%
Median 47.8 42.4 27.2 38.2
25th Percentile 41.2 35.6 16.9 25.6
Average 55.9 50.1 58.5 111.1
Valid Cases 207 207 122 207
2000
  Salary TAC LTI TDC
75th Percentile 57.6% 50.0% 59.3% 50.5%
Median 47.5 40.4 33.5 37.5
25th Percentile 41.3 32.2 21.7 26.8
Average 54.9 44.3 77.0 50.0
Valid Cases 204 205 127 205
1999
  Salary TAC LTI TDC
75th Percentile 56.1% 51.3% 50.1% 51.1%
Median 48.5 41.3 31.2 40.0
25th Percentile 41.1 35.1 16.5 29.9
Average 54.4 46.2 67.9 53.9
Valid Cases 194 195 120 195
1998
  Salary TAC LTI TDC
75th Percentile 55.1% 50.2% 48.2% 53.4%
Median 47.1 40.3 28.5 39.1
25th Percentile 41.2 35.7 14.4 28.2
Average 50.8 45.2 72.8 58.0
Valid Cases 202 202 127 202
1997
  Salary TAC LTI TDC
75th Percentile 55.9% 50.9% 67.3% 58.9%
Median 47.4 41.0 33.4 39.6
25th Percentile 41.0 34.9 19.8 28.4
Average 50.8 45.6 75.4 52.7
Valid Cases 188 188 123 188

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