The new $1-million job

Ever higher compensation is the norm for hot Chief Information Officers, Korn Ferry finds. But boards also demand that they hew to new financial metrics. KF Exec. Search.

The competition among leading companies for tech-savvy elite Chief Information Officers has grown so fierce that their compensation exceeds $1 million on average, with some CIO stars getting significantly larger packages.

That’s what the Wall Street Journal has reported, based on Korn Ferry Hay Group research, data, and analysis as summarized by Craig Stephenson, the firm’s managing director, NA CIO Practice and Global Financial Markets Tech/Ops.

But boards and CEOs also have loaded CIOs with new roles and responsibilities, insisting, for example, that they hit the mark on new financial metrics as they never have before.

For more insight about the new rewards and risks for information technology leaders, please click here to read the Journal story.