CIO Compensation Includes Lots of Perks

Millionaire CIOs enjoy club memberships, car allowances and the company plane, among other fringe benefits. Here’s a breakdown of who got what goodies, as reported in the latest proxy statements to the Securities and Exchange Commission—in order of total compensation. (For all 39 millionaires in a table format, check out our CIO Salary Ranking story.)

• Jeff Fox

• Group President, Shared Services
• Alltel
• Total Compensation: $9,054,918
• Perk Value: $85,803

• The Perks: Club dues and executive physical: $6,007*

  Personal use of Alltel plane: $79,796
• Notes: *Each amounted to less than $25,000 or less than 10% of total perquisites so they don’t need to be reported individually, according to SEC rules.

• Bob Willett

• CIO, CEO Best Buy International
• Best Buy
• Total compensation: $8,592,830
• Perk value: $14,358

• The Perks:

  Immigration-related payments (Willett is from the UK) and airline club privileges: $4,354

  Life and disability insurance: $4,727

  Retirement/savings contribution: $5,277

• Jean Davis

• Retired Sr. EVP E-Commerce and Operations
• Wachovia
• Total compensation: $7,296,889
• Perk value: $1,380,776

• The Perks:

  Financial planning: $15,000

  Life insurance: $70,734

  Retirement/savings contribution: $11,310

  Termination-related payments*: $1,283,600
• Notes: * Includes payout negotiated in employment agreement, plus health benefits and accrued vacation time

• Larry Kittelberger

• SVP Technology and Operations
• Honeywell International
• Total compensation: $6,401,052
• Perk value: $177,784

• The Perks:

  Extra liability insurance: $1,200

  Life insurance: $76,063

  Perquisite allowance: $50,000

  Retirement/savings contribution: $47,575

  Tax reimbursements for spouse flying on Honeywell plane at Honeywell’s request: $2,946

• Joe Antonellis

• Vice chairman, former CIO
• State Street
• Total compensation: $6,334,483
• Perk value: $48,874

• The Perks:

  Health screening: $2,500

  Personal liability insurance: 41,250

  Parking: $5,047

  Retirement/savings plan: $20,077
• Props: Antonellis gave away his $20,000 fee for serving on the board of a State Street joint venture to charity.

• Glen Salow

• EVP Technology and Operations
• Ameriprise Financial
• Total compensation: $6,018,346
• Perk value: $114,265

• The Perks:

  Dividends on unvested restricted stock: $16,951

  Retirement/savings contribution: $39,598

  Perquisite allowance: $25,000

  Tax reimbursement: $9,881 Also, use of the company plane for a guest and use of a Minneapolis apartment and parking spot that amounted to less than $25,000 or less than 10% of total perquisites, so don’t have to be reported individually, according to SEC rules.

• Tim Shack

• EVP, CIO
• PNC Financial
• Total compensation: $5,942,093
• Perk value: $54,440

• The Perks:

  Insurance: $19,373

  Perquisite allowance: $16,867

  Retirement/savings contribution: $18,200

• Roy Dunbar

• President Global Technology and Operations
• MasterCard
• Total compensation: $5,216,498
• Perk value: $110,049

• The Perks:

  Perquisite allowance: $47,960

  Retirement/savings contribution: $46,558

  Tax reimbursement related to moving to O’Fallon, Mo., home of company’s tech center: $15,531

• Bob DeRodes

• EVP, CIO
• Home Depot
• Total compensation: $5,179,182
• Perk value: $253,255

• The Perks:

  Life insurance: $96,810

  Retirement/savings contribution: $35,135

  Tax reimbursement: $118,513

• Harvey DeMovick Jr.

• EVP Customer Service Operations, CIO
• Coventry Health Care
• Total compensation: $4,670,942
• Perk value: $242,921

• The Perks:

  401(k) contribution: $154,539

  Car allowance: $12,000

  Disability insurance: $10,710

  Personal use of Coventry plane: $35,826

  Other transportation-related expenses: $19,946

  Retirement/savings contribution: $9,900

• Gregor Bailar

• Former EVP, CIO
• Capital One Financial
• Total compensation: $4,522,618
• Perk value: $127,805

• The Perks:

  Car allowance: $10,876

  Dividends on unvested restricted stock: $8,584

  Financial planning: $12,000

  Home security and driver: $809

  Life insurance: $4,202

  Retirement/savings contribution: $91,334

• Bill Chenovich

• Vice chairman technology and operations services
• US Bancorp
• Total compensation: $4,368,359
• Perk value: $28,562

• The Perks:

  401(k) contribution: $8,800

  Executive physical: $7,256

  Financial planning: $8,072

  Health benefit rebate: $259

  Home security system: $1,295

  Parking: $2,880

• Dave Kepler

• SVP Shared Services, Head of Environment, Health & Safety, CIO
• Dow Chemical
• Total compensation: $4,289,395
• Perk value: $21,484

• The Perks:

  Financial planning: $9,511

  Life insurance: $956

  Personal liability insurance: $1,025

  Retirement/savings contribution: $8,800

  Other benefits, such as home security system or market value of car lease: $1,192

• Guy Battista

• Former EVP, CIO
• First Data Corp.
• Total compensation: $4,063,472
• Perk value: $85,154

• The Perks:

  Club dues: $3,600

  Financial planning: $1,052

  Life insurance: $1,838

  Retirement/savings contribution: $77,442

  Tax reimbursement: $1,221

• Roy Wilson

• Former EVP Human Resources & IT
• Allergan
• Total compensation: $3,606,081
• Perk value: $569,818

• The Perks:

  Car and gas allowance: $8,966

  Executive physical: $1,380

  Financial planning: $14,890

  Severance and accrued vacation: $507,273

  Tax reimbursement: $721

  Wilson also received an unspecified bonus before he left in October 2006.

• Rick Dalzell

• SVP, CIO
• Amazon.com
• Total compensation: $3,469,834
• Perk value: $0

• The Perks

  Dalzell did not receive perquisites amounting to more than $25,000. Under SEC rules, Amazon is not required to supply details.

• Dick LeFave

• CIO
• Sprint/Nextel
• Total compensation: $3,194,915
• Perk value: $42,246

• The Perks:

  401(k) contribution: $31,385

  Relocation expenses: $10,085

  Tax reimbursement: $776

• Joe Smialowski

• EVP Operations & Technology
• Freddie Mac
• Total compensation: $2,819,511
• Perk value: $70,078

• The Perks:

  401(k) contribution: $7,167

  Perquisite allowance: $13,144

  Retirement/savings contribution: $49,767

• Linda Goodspeed

• EVP, Chief Supply Chain, Logistics & Technology Officer
• Lennox International
• Total compensation: $2,527,751
• Perk value: $139,353

• The Perks:

  Car allowance: $16,020

  Club dues: $13,572

  Executive physical: $2,489

  Financial planning: $10,000

  Home cooling system: $6,455

  Life insurance: $2,412

  Profit sharing contribution: $88,405

• Tim Theriault

• President Worldwide Operations & Technology
• Northern Trust
• Total compensation: $2,348,828
• Perk value: $34,544

• The Perks:

  Financial planning: $9,000

  Retirement/savings contribution: $25,544

• Bruce Goodman

• SVP, Chief Service & Information Officer
• Humana
• Total compensation: $2,197,128
• Perk value: $165,743

• The Perks:

  Club dues: $1,176

  Financial planning: $12,470

  Personal use of Humana plane: $30,529

  Retirement/savings contribution: $101,632

  Other, such as life insurance, executive physical, wellness incentives and Internet usage: $3,286
• Props: Charitable contributions of $16,650

• Gary King

• EVP, CIO
• Chico’s FAS
• Total compensation: $2,009,464
• Perk value: $30,390

• The Perks:

  Includes unspecified 401(k) contribution, life insurance and wellness program expenses.

• David Johns

• SVP, Chief Supply Chain & IT Officer
• Owens Corning
• Total compensation: $1,970,021
• Perk value: $39,838

• Includes:

  Retirement/savings contribution: $11,000

  Unspecified use of Owens Corning’s plane, financial planning, club dues, personal liability insurance: $28,838

• Anna Ewing

• EVP Operations & Technology, CIO
• Nasdaq Stock Market
• Total compensation: $1,939,828
• Perk value: $42,000

• The Perks:

  Unspecified financial planning services, 401(k) contribution and executive physical

  Tax reimbursement: $14,944

• Mahvash Yazdi

• SVP, CIO
• Edison International
• Total compensation: $1,878,848
• Perk value: $62,511

• The Perks:

  401(k) contribution: $31,913

  Car allowance: $12,000

  Club dues: $3,075

  Financial planning: $10,315

  Tax reimbursement: $4,955

• Rick Chapman

• EVP, Chief Administrative & Information Officer
• Kindred Healthcare
• Total compensation: $1,739,398
• Perk value: $8,607

• The Perks:

  401(k) contribution: $3,219

  Life insurance: $1,656

  Retirement/savings contribution: $1,850

  Transportation-related benefits: $1,882

• Randy Darcy

• EVP Worldwide Operations & Technology, CTO
• General Mills
• Total compensation: $1,629,300
• Perk value: $146,872

• The Perks:

  Airfare, food and activities for spouse at business functions: $9,457

  Car allowance: $14,341

  Extra medical insurance: $30,487

  Financial planning: $455

  Retirement/savings contribution: $92,132

• Karen Austin

• EVP, CIO
• Sears Holdings
• Total compensation: $1,557,136
• Perk value: $12,582

• The Perks:

  401(k) contribution: $8,800

  Relocation expenses: $3,782

• John Sullivan

• SVP Systems & Service, CIO
• Liz Claiborne
• Total compensation: $1,499,176
• Perk value: $43,028

• The Perks:

  Clothing allowance: $1,773

  Financial planning: $12,800

  Life insurance: $6,330

  Profit sharing: $3,300

  Retirement/savings contribution: $18,825

• Michael Maslowski

• SVP, CIO
• CenturyTel
• Total compensation: $1,369,340
• Perk value: $201,346

• The Perks:

  Dividends on restricted stock: $8,400

  Executive physical: $3,378

  Insurance: $74,352

  Perquisite allowance: $27,950

  Retirement/savings contribution: $36,971

  Tax reimbursement: $50,295

• Michael Kohlsdorf

• Former SVP Enterprise Services & IT
• Ikon Office Solutions
• Total compensation: $1,327,151
• Perk value: $9,000

• The Perks:

  Retirement/savings contribution: $7,100

  Other perquisites amounting to less than $25,000. The SEC does not require Ikon to report specifics.

• Philip Haan

• EVP International, Alliances & IT
• Northwest Airlines
• Total compensation: $1,305,553
• Perk value: $177,639

• The Perks:

  401(k) contribution: $26,400

  Cash payment: $35,315

  Life insurance: $37,000

  Perquisite allowance: $35,757

  Tax reimbursement: $43,167

• Gregory Tranter

• VP, CIO
• Hanover Insurance Group
• Total compensation: $1,394,731
• Perk value: $34,538

• The Perks:

  401(k) contribution: $17,600

  Life insurance: $907

  Retirement/savings contribution: $16,031

• Bob Best

• EVP, COO, CIO
• Unum Group
• Total compensation: $1,284,818
• Perk value: $49,326

• The Perks:

  401(k) contribution: $8,219

  Club dues: $6,149

  Financial planning: $6,500

  Life insurance: $78

  Spouse/guest travel to company functions: $11,755

  Tax reimbursement: $15,375

  Matching gifts valued at $1,250

• Richard Connell

• SVP, CIO
• Selective Insurance Group
• Total compensation: $1,268,134
• Perk value: $17,755

• The Perks:

  401(k) contribution: $9,750

  Retirement/savings contribution: $7,330

  Tax preparation: $675

• Larry Thomas

• VP, CIO
• Landstar System
• Total compensation: $1,251,925
• Perk value: $8,630

• The Perks:

  401(k) contribution: $8,000

  Life insurance: $630

• Bruce Marcus

• EVP, CIO
• McGraw-Hill
• Total compensation: $1,239,883
• Perk value: $61,297

• The Perks:

  Includes unspecified 401(k) and profit sharing contributions.

• Bobby Spaid

• Former SVP, CIO
• Beckman Coulter
• Total compensation: $1,100,079
• Perk value: $32,995

• The Perks:

  401(k) contribution: $7,700

  Financial planning: $11,750

  Insurance: $2,362

  Retirement/savings contribution: $6,551

  Tax reimbursement: $2,000

• Trent Taylor

• EVP, CIO
• Walgreen
• Total compensation: $1,044,325
• Perk value: $201,063

• The Perks:

  Cash award: $114,275

  Life insurance: $3,004

  Interest on deferred compensation: $4,088

  Profit sharing contribution: $79,695