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Report: Top 10 Paid CFOs


NEW YORK, Aug. 7, 2002 CFO.com, the online arm of CFO magazine, and Mercer Human Resource Consulting Group of New York City, New York, released their annual "CFO Compensation Special Report," a survey based on analysis of 350 finance executives at the largest public companies.



The Special Report highlights that CFOs total earnings have slowed considerably in the past year, due in part to the reduction in stock option value and other non-cash incentives.
 
Median total direct compensation (TDC) for finance chiefs last year was a cool $961,000, according to the survey. But for CFOs hoping to one day make as much as their CEO bosses, the survey has some sobering news. For the last five years, median total CFO compensation has hovered persistently at 40 percent of chief executive pay.
 
Top Ten Paid CFOs:
Total Direct Compensation dollar amounts are in thousands
  1. Michael E. Lehman, Sun Microsystems, $37,201
  2. Mark H. Swartz, Tyco International, $32,368
  3. Larry R. Carter,Cisco Systems, $29,433
  4. Anthony S. Thornley, Qualcomm, $20,287
  5. James G. Stewart, Cigna, $15,434
  6. Dennis L. Winger, Applera, $12,614
  7. M. Scot Kaufman, MBNA, $10,742
  8. David L. Shedlarz, Pfizer, $9,417
  9. David A. Viniar, Goldman Sachs, $8,981
  10. John R. Joyce, IBM, $6,065
For the complete story including what CFOs can expect in the near-term, visit www.cfo.com/cfopay.

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2002 SmartPros Ltd. All Rights Reserved.

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