Financial Executives Research Foundation, the research affiliate of Financial Executives International, released the results of its first annual executive compensation study at FEI’s 2007 Summit in Boston.
The study examined the salaries, bonuses, long-term incentives and retirement benefits of over 1,800 financial executives, over half of whom are chief financial officers. On average, the base salaries of public and private company CFOs were proportionate to the annual revenues of their employers. The median base salary of a public company CFO from a company with less than $25 million in annual revenues was between $176,000 and $200,000, while the median base salary of a public company CFO of a company with over $10 billion in annual revenues was over $401,000.
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