Who is the highest paid chief financial officer?
Based on full compensation data for 2022, the top paid CFO in the US is Joe Berchtold of entertainment group LiveNation (52.4M)–capping a bumper executive year for the entertainment concert company whose CEO Michael Rapino also bagged the highest earning chief executive in the US at $139 million.
Which CFO makes the most money?
- Safra Catz (Oracle) - $96.2 million.
- John Rainey (PayPal) - $38.2 million.
- Ruth Porat (Alphabet) - $37 million.
- Luca Maestri (Apple) - $30 million.
- John Stephens (AT&T) - $29 million.
- Martin Schroeter (IBM) - $25.8 million.
- Kathy Willard (Live Nation) - $22.9 million.
How much does a CFO make at NBC?
$151K (Median Total Pay)
The estimated total pay range for a CFO at NBCUniversal is $121K–$188K per year, which includes base salary and additional pay.
Who is more powerful CEO or CFO?
The CEO is the highest-ranking role in the organization. CEOs and CFOs are not equal in the organizational hierarchy, despite both having 'Chief' in their titles. Generally, the CEO reports to the board of directors, whereas the CFO reports to the CEO.
Does a CFO earn more than a CEO?
In Colvin's analysis, he found that among the 10 companies in the Fortune 20 that shared the salaries of both CEO and CFO over the past 10 years, the CFO's pay has risen from an average of 34% of the CEO's pay in 2012 to 44% of the CEO's pay in 2022.
How much does a CFO of a billion dollar company make?
| Company Revenue | Private Company | Public Company |
|---|---|---|
| $301 – $500 Million | $225,000 – $350,000 | $240,000 – $375,000 |
| $501 – $999 Million | $250,000 – $450,000 | $250,000 – $475,000 |
| $1 – $1.5 Billion | $300,000 – $550,000 | $300,000 – $650,000 |
| $1.6 – $3 Billion | $450,000 – $600,000 | $450,000 – $700,000 |
Why do CFOs get paid so much?
The CFO is someone who most people want to have confidence in." Employees, executives, shareholders and the public may start looking to CFOs for answers, so companies will have to work harder to ensure they are retaining this vital talent — that's where better pay comes in, explains Branthover.
How much does the CFO of United Airlines make?
Leskinen's compensation for the role of Executive Vice President and Chief Financial Officer, including an annual base salary of $700,000, a short-term target incentive compensation opportunity equal to 120% of his base salary, and a 2024 long-term incentive compensation opportunity equal to 350% of his base salary.
What is the lowest salary for a CFO?
How Much Do Cfo Jobs Pay per Year? $141,000 is the 25th percentile. Salaries below this are outliers. $400,000 is the 90th percentile.
How long does it take to become a CFO?
Most commonly, someone will have 8-10 years of experience in a senior role at a company before getting promoted to CFO. This amount of work is usually required to prove that you have the right skills and knowledge you need to do the job.
Can a CEO fire a CFO?
may be brief. Yes, as long as there is no board of directors otherwise the CEO must meet with the board to decide the fate of the CFO. All depends who hired the CFO. I had a case where my CFO was hired directly by the board of directors so the CEO could not touch the the CFO.
Who gets paid more COO or CFO?
Differences in CEOs, CFOs and COO
The average salary in the US for a CEO is $128,843 per year . The average salary for a COO in the US is $137,876 per year . CFOs earn an average of $139,658 per year .
Do CFOs get bonuses?
Salary, Benefits, and Perks of a CFO
The primary factors that impact the median salary of a CFO include geographic location, and the experience and personal qualifications of the person. Base salary and bonuses make up roughly 80% of the total compensation a CFO should receive within a given year.
Can one person be both CEO and CFO?
If the organization is a private company, then the CEO may also be the CFO unless otherwise required for compliance issues. However, publicly traded companies must have two separate CEO and CFO roles for compliance, separation of duties, and attestation.
Is CFO a prestigious job?
Many CFOs have professional backgrounds in fields such as accounting, investment banking, or financial analysis. For financial professionals, the CFO is among the most prestigious and highly paid positions available in a firm.
What is the average salary of a CFO in the Fortune 500?
To shed light on key CFO compensation trends, this publication analyzes the compensation packages of top finance officers at S&P 500 companies since 2018. The median total reported compensation for CFOs remained stable at $4.7 million across 2021 and 2022.
Which CEO makes $1 a year?
1. Larry Ellison, Co-Founder and CEO of Oracle. Since 2009, Larry Ellison's salary has amounted to just $1 a year. But, don't feel too bad for the guy—he's also the fifth richest person in the world with a net worth of $43 billion.
What is a typical bonus for a CFO?
CFO Search reports that bonuses can be between 30-60% of a CFOs base salary!
How much does a CFO make at Bank of America?
The estimated total pay range for a Chief Financial Officer at Bank of America is $61K–$94K per year, which includes base salary and additional pay. The average Chief Financial Officer base salary at Bank of America is $71K per year.
Why do CFOs get fired?
Withholding information and the inability to communicate simply and clearly are problematic behaviors that can lead to termination. To prevent this, CFOs can do the following: Avoid using technical jargon.
What degree does a CFO need?
To become a CFO, you must start with a strong finance, accounting, or business background. A bachelor's degree in any of these programs will teach you management fundamentals, including marketing and strategic thinking skills. Next, it is crucial to gain work experience as a financial analyst, accountant, or similar.
How much does a CFO at Microsoft make?
$108K (Median Total Pay)
The estimated total pay range for a Chief Financial Officer (CFO) at Microsoft is $88K–$132K per year, which includes base salary and additional pay. The average Chief Financial Officer (CFO) base salary at Microsoft is $108K per year.
Who has the highest salary in airlines?
After 5+ years of experience, the salary can go up to INR 15 - 35 lakhs per annum. The highest-paying aviation jobs in India are Commercial Pilot, Flight Attendant (Air Hostess), Air Traffic Controller, Airport Manager, and Aerospace Engineer.
What does the CEO of United Healthcare make?
UnitedHealth Group CEO Andrew Witty was paid $20.9 million in total compensation in 2022, according to regulatory filings published April 21. Check out our latest whitepaper: OR optimization playbook: How to leverage AI to bolster surgical robot ROI - Read Now!
Does Nike have a CFO?
Matthew Friend, EVP & Chief Financial Officer - NIKE, Inc.
