Why CIO pay packages are increasing

Along with new business responsibilities come a big increase in pay for CIOs, according to Baseline's ranking of high-paid information-technology executives. This year the list includes 39 millionaires, up from 21 last year. Many of those on the list manage other operations beyond technology, including logistics and customer service. For example Alltel's Jeff Fox, who made $9 million last year, is in charge of technology, but also is president of the company's shared services group. And, he's only 44--one of the youngest on the list. Looking for a piece of this million dollar action? A top-notch CIO needs to know more details about how each part of the company operates than his counterparts have to know about IT, according to John Stevenson, who has been CIO at Sharp Electronics and Avaya and is a former president of the Society for Information Management. "You need to have a dose of knowledge of every other executive position to be successful," he told Baseline. 

For more on CIO pay packages:
- see this Baseline article