CIO compensation up a bit, with big exceptions

Management consulting firm Janco Associates this week released its mid-year 2007 IT Salary Survey, based on submitted survey forms and public sources like SEC filings. The overall mean for IT jobs is up just 1.13 percent over 2006's figure, but take a look at what some CIOs are bringing in: Timothy Shack, CIO of PNC Financial, makes $510,000 annually…and close to $6 million in total compensation; Gregor Bailar, CIO of Capital One Financial, $466,667 annually and $4.5 million in total compensation, while John J. Sullivan, CIO of Liz Claiborne, makes $491,666 annually and just under $1.5 million in total compensation. These numbers really are the exception, however, not the rule. Total compensation for CIOs was typically between $169,504 and $174,979. Meanwhile, Janco notes that CSO compensation rose more than 8 percent over last year. The average total compensation for CSOs is $141,154 to $152,563.

For more on the survey results:
- see the study [1]
- as well as this article [2] from NetworkWorld
- and this article [3] from CIO Magazine