Pay Up

With finance talent in high demand, companies are boosting compensation — and making some demands of their own.

And as the numbers show, they’re willing to pay to get one. — D.D.

Controllers in Control
How finance executives rate the demand for key specialties
Specialty % rated as in highest demand
Controllers 27
Sarbox specialists 21
Financial analysts 20
Senior-level finance (CFOs, VP/finance) 14
Internal auditors 9
Clerical staff 3
Temporary/seasonal support positions 2
Source: CFO Research Services/Ajilon

The Highest-Paid CFOs
With long-term incentive values up, CFOs are making more.
Executive/Company Base Salary Bonus Total Cash Compensation Gain on Option Exercise Restricted Stock Grant Value Long-term Incentive Payouts Total Direct Compensation Change from 2004
1. Stephen I. Chazen
Occidental
$720,000 $1,200,000 $1,920,000 $18,065,254 $10,494,520 $2,274,898 $32,754,672 39.0%
2. David A. Viniar
Goldman Sachs
$600,000 $18,772,681 $19,372,681 $0 $0 $0 $19,372,681 2.3%
3. Joel H. Rassman
Toll Brothers
$1,000,000 $1,000,000 $2,000,000 $15,386,033 $0 $0 $17,386,033 423.9%
4. Samuel L. Molinaro Jr.
Bear Stearns
$200,000 $15,563,000 $15,763,000 $0 $0 $0 $15,763,000 15.7%
5. Charles L. Szews
Oshkosh Truck
$435,800 $479,380 $915,180 $14,248,882 $266,760 $0 $15,430,822 1,127.8%
6. Bruce E. Gross
Lennar
$600,000 $1,595,000 $2,195,000 $5,596,604 $3,798,900 $0 $11,590,504 519.8%
7. Sallie L. Krawcheck
Citigroup
$500,000 $8,800,000 $9,300,000 $0 $733,333 $0 $10,033,333 NA*
8. Andy D. Bryant
Intel
$330,000 $1,765,000 $2,095,000 $7,880,100 $0 $0 $9,975,100 50.9%
9. Alan M. Bennett
Aetna
$550,000 $540,000 $1,090,000 $7,539,678 $0 $952,200 $9,581,878 179.8%
10. Alan W. Rutherford
Crown Holdings
$700,000 $1,890,000 $2,590,000 $5,245,200 $1,169,998 $0 $9,005,198 535.5%
11. Alvaro G. De Molina
Bank of America
$700,000 $6,529,022 $7,229,022 $1,555,625 $0 $0 $8,784,647 7.1%
12. Lawrence S. Smith
Comcast
$1,163,750 $1,563,100 $2,726,850 $3,381,531 $2,583,240 $0 $8,691,621 -8.5%
13. Michael F. Devine III
Coach
$446,667 $335,000 $781,667 $7,771,424 $0 $0 $8,553,091 80.4%
14. Oscar Munoz
CSX
$546,513 $835,313 $1,381,826 $0 $0 $7,125,980 $8,507,806 861.3%
15. David F. Devoe
News Corp.
$2,603,750 $5,778,000 $8,381,750 $0 $0 $0 $8,381,750 80.6%
16. Thomas R. McDaniel
Edison International
$587,500 $700,000 $1,287,500 $195,844 $0 $6,858,664 $8,342,008 NA*
17. James B. Flaws
Corning
$730,000 $1,219,246 $1,949,246 $2,796,621 $0 $3,544,530 $8,290,397 155.1%
18. Charles L. Atwood
Harrah’s Entertainment
$922,115 $1,700,000 $2,622,115 $5,667,159 $0 $0 $8,289,274 319.5%
19. Henry C. Wolf
Norfolk Southern
$575,000 $718,750 $1,293,750 $2,560,577 $2,384,200 $1,804,013 $8,042,540 71.0%
20. Robert J. Bahash
McGraw-Hill
$779,000 $1,045,000 $1,824,000 $4,657,255 $0 $1,552,532 $8,033,787 -8.9%
*New to position

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