Speaking of Luca’s experience – he has built and led finance teams for over 25 years in global companies. Before he joined Apple, Luca highest paid cfo served as the CFO at Xerox and at Nokia Siemens Networks. But Porat’s abilities are not only limited to the Finance function.

While Sherin’s salary was significantly higher than the median pay for a CFO, it was still only a third of what our No. 1 CFO made. Though there is obviously not a dire need to provide them with their own company cars or memberships, it is important to note where the focus has shifted. In the U.S., the median worker’s salary for the first quarter of 2022 was $1,037 per week, or about $54,000 per year.

Highest Paying CFO Competitor Salaries

In addition, many CFOs take the majority of their compensation in stock options, bonuses, or other variable compensation. A large majority of Warren Jr.’s salary was made up of restricted stock awards, which totaled $17,051,968. He was also awarded a base salary of $600,000, a bonus of $600,000, and “other” compensation worth $10,400. Bornstein’s compensation https://simple-accounting.org/ in 2014 included $1,450,000 in salary and a bonus of $2,400,000. He was also awarded $2,585,000 in restricted stock and $2,893,000 in option awards. His non-equity incentive plan compensation totaled $1,080,000 while his “other” compensation reached $180,850. A change in his pension value added to the remaining compensation number for 2014.

In addition to it, the business operations, Human Resource function, real estate, and workplace services also report to her. She did so by reorganising some aspects of the company and bringing in even more financial discipline. Institutional Investor named Porat – The best Internet CFO – for 2018 All America Executive Team. CFO, like Chief Executive Officer , is one of the highest-ranking positions in the organization. This means that the person in this position is usually well compensated and paid. Needs to review the security of your connection before proceeding.

Salaries By Department At CFO

Warren Jr. has served as president, chief financial officer, and secretary and as a director of Midstream Management since February 2014. He has also served as the chief financial officer and secretary and as a director of Antero. Previously he was the EVP, CFO, and Director of Pennaco Energy and a natural resources investment banker focused on equity and debt financing and M&A advisory with Lehman Brothers, Dillons Read & Co.

While the CFO of a private company may have very similar responsibilities, there may be fewer employees or less revenue to oversee. According to Salary.com, the average CFO base salary is $414,300. The highest-paid CFOs earn up to $634,001, and the lowest-paid receive $224,593. CFOs based in smaller towns and rural areas will typically fall on the lower end of the scale, while a CFO in New York may earn much more. Schiller served as the chief financial officer of Valeant Pharmaceuticals from December 2011 through June 2015.

Top 5 Highest Paid Chief Financial Officers (CFO) In The World

The Chief Financial Officer, or CFO, is an important executive for modern-day corporations. Minimum 10 years’ experience in accounting and financial management practices.