WMT - Top Company CFOs See Major Pay Increases Driven By Stock Awards | Benzinga
The year 2023 saw a significant rise in the median pay for Chief Financial Officers (CFOs) at U.S. companies, largely driven by stock-based incentives.
What Happened: According to a report by C-Suite Comp, an executive pay analytics firm, this upsurge in CFO pay aligns with historical trends, a contrast to the exceptional rise observed in 2021, reports The Wall Street Journal.
Leading the charge in executive compensation are CFOs from diverse sectors such as technology, financial services, and retail.
Notably, executives from companies like Walmart Inc. (NYSE:WMT), Apple Inc. (NASDAQ:AAPL), Blackstone Group Inc. (NYSE:BX), and Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) topped the pay charts. Remarkably, half of the top-paid CFOs are women.
In some instances, CFOs like Alphabet’s Ruth Porat and ...