1 Sep, 2011
CFOs Earn Less than 40% of Average CEO Compensation, BDO Analysis Finds | Business Wire
CHICAGO–(BUSINESS WIRE)–The gap between CEO and CFO pay is growing. Middle-market CFOs earn an average of $927,743, around 40 percent of CEO pay ($2,338,874), according to an analysis of 600 public companies conducted by BDO USA, LLP, a leading accounting and consulting organization. Both groups saw significant pay increases, with CFO pay up 19 percent and CEO pay up 25 percent over last year.
“CEOs have always earned significantly more than other executives, but we have seen an even greater divide in recent years due to an increase in CEO pay leverage tied to the performance of their company’s equity,” said Randy Ramirez, a Senior Director in the Compensation and Benefits Practice at BDO. “We expect CFO pay to start catching up within the next few years as the emphasis on pay-for-performance trickles down to other top executives.”
via CFOs Earn Less than 40% of Average CEO Compensation, BDO Analysis Finds | Business Wire.
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