The Richest CIOs: Our Annual List of Top Earners

Which CIOs are earning the most? The below chart details 2008 earnings for the top money-makers at public companies. What does a top CIO's total compensation look like? Methodology note: This list is based on publicly-filed SEC documents.

The total compensation figure combines value of stock and options awards, incentive payouts, perks, pension contributions and other compensation. It represents only CIOs from public companies among the Fortune 1000, where the CIO is one of the company's 5 highest-paid officers. For more background on CIO salaries, see our related story, "Richest CIOs: What's Behind Smaller Bonuses." CIO Earnings Top Technology Executive Title Company Total 2008 Compensation Salary Randall Mott EVP, CIO Hewlett-Packard $28,293,134 $690,000 Larry Kittelberger SVP Technology and Operations Honeywell International $8,030,866 $712,788 Sam Leno EVP Finance and Information Systems, CFO Boston Scientific $6,321,255 $621,721 Steve Squeri EVP Corporate Development and CIO American Express $6,252,701 $600,000 Bill Chenevich Vice Chairman, Technology and Operations Services US Bancorp $5,384,509 $537,521 Franck Moison President Global Marketing, Supply Chain and Technology Colgate-Palmolive $5,058,159 $641,667 Bob DeRodes former EVP, CIO Home Depot $4,836,618 $462,769 Tim Shack former EVP, CIO PNC Financial Services Group $4,577,332 $510,000 Glen Salow EVP Service Delivery and Technology Ameriprise Financial $4,071,987 $475,000 Randy Darcy* EVP Worldwide Technology and Operations General Mills $3,476,976 $489,895 Robert Willett* CIO Best Buy; CEO Best Buy International Best Buy $3,468,486 $821,157 Anil Kottoor SVP, CIO WellCare Health Plans $3,079,961 $305,000 Anna Ewing EVP, Global Software Development and CIO NASDAQ OMG Group $2,791,709 $400,000 Patrick McNamee EVP Operations and Technology Express Scripts $2,769,387 $464,981 Deborah Butler EVP Planning and CIO Norfolk Southern $2,723,561 $435,000 Michael Maslowski SVP, CIO CenturyTel $2,672,770 $353,712 Greg Framke EVP, Chief Information and Operations Officer Etrade Financial $2,059,718 $421,731 Kenneth Tye Sr. Exec. CIO magazine assistant editor Simone Levien contributed research support to this project. VP, CIO Total System Services $2,047,126 $440,013 David Johns SVP, Supply Chain and IT Officer Owens Corning $1,816,368 $367,500 David Kelley EVP, CIO TD Ameritrade $1,792,653 $300,000 Thomas Frank EVP, CIO Interactive Brokers Group $1,778,179 $312,000 Jenny Bolt EVP Operations and Technology Franklin Resources $1,768,722 $506,250 Michael Cheles VP IT MEMC Electronic Materials $1,745,238 $237,000 Rob Autor former EVP, CIO SLM $1,741,720 $350,000 Tim Sullivan Corporate EVP, CIO SunTrust Banks $1,698,634 $484,067 Bruce Goodman SVP, Chief Service and Information Officer Humana $1,588,048 $489,385 Lisa Bachmann SVP Merchandise Planning/Allocation and CIO Big Lots $1,572,566 $436,222 John Alexander Du Plessis Currie EVP, CIO Brightpoint $1,400,797 $475,000 Richard Flaks SVP, Planning, Allocation and IT The Children's Place $1,382,189 $494,497 Mahvash Yazdi SVP, CIO Edison International $1,228,790 $394,947 Calvin Sihilling EVP, CIO Nash-Finch $1,189,392 $378,866 Jeanne Moreno VP, CIO Snap-On $1,177,949 $319,340 Raymond Voelker CIO Progressive $1,170,457 $377,307 Scott Arvidson EVP, CIO Kansas City Southern $1,141,863 $336,386 Joseph Osbourn* EVP, CIO Tech Data $1,127,556 $498,001 Pierre Samec CTO Expedia $1,070,060 $350,000 Keith Morrow SVP, CIO Blockbuster $1,054,104 $350,000 Michael Relich SVP, CIO Guess? $977,590 $386,154 Gregory Tranter SVP, CIO The Hanover Insurance Group $948,736 $369,231 Richard White Former SVP, CIO MPS Group $916,176 $250,000 Richard Smith* SVP, CIO CarMax $864,800 $338,308 Lawrence DelGatto EVP, CIO Radian Group $845,018 $300,000 Kenneth Smith SVP, CIO and Human Resources Officer PolyOne $840,753 $333,308 Jon Kerner SVP, CIO MPS Group $837,517 $250,000 Larry Thomas VP, CIO Landstar Systems $808,482 $206,000 Dudley Sondeno SVP, Chief Knowledge and Technology Officer Southwest Gas $792,009 $272,377 Paul G.P. Hoogenboom* SVP, Manufacturing and Operations, CIO RPM International $727,055 $346,000 Bruce Marcus EVP, CIO McGraw-Hill $651,861 $420,000 Allan Lubitz SVP, CIO Mercury General $604,708 $325,000 Laurie Douglas SVP, CIO Publix Super Markets $540,093 $505,600 Richard George VP, Controller and CIO The Andersons $504,100 $210,885 Kenneth DeWitt VP, CIO United Rentals $459,486 $205,077 Source: SEC documents. *2009 figures were used when 2008 figures were not available. Follow senior editor Kim S. Nash on Twitter @knash99. Follow everything from CIO.com on Twitter @CIOonline.

Satyam faces claims of about US$267 million

Indian outsourcer Satyam Computer Services has received legal notices from 37 companies, demanding the return of 12.3 billion Indian rupees (US$267 million) they claim were paid to the company as temporary advances, Satyam said in a filing on Tuesday to the Bombay Stock Exchange. Satyam first mentioned these claims in June, but said that the matter was still under investigation by various authorities. The demand comes as Satyam, now managed by Indian outsourcer Tech Mahindra, has been trying to turn the corner after the company was plunged into a financial crisis in January. In January company founder B. Ramalinga Raju said that Satyam had inflated revenue and profit figures for several years.

Satyam informed the stock exchange that the companies want the money back to repay their creditors. His confession letter also referred to the advances arranged by Satyam from the 37 companies, Satyam said in the filing to the stock exchange. Among the creditors are Maytas Properties and Maytas Infra, both construction companies promoted by Raju's family. Tech Mahindra was selected in the bid, and acquired a dominant stake of 43 percent in the company. The Indian government, after taking over the board and management of Satyam in January, decided to invite bids to select a strategic investor in the company. The move by Tech Mahindra and its investment subsidiary Venturbay Consultants was seen as risky, as the results of Satyam had been ordered to be restated by the government.

Satyam said that it had replied to the legal notices from the 37 companies, describing their claims as "legally untenable." The financial scandal at Satyam is still under investigation by the Central Bureau of Investigation, a federal agency, and the Serious Fraud Investigation Office of the country's corporate affairs ministry. The accounts have as yet to be restated. Raju and others accused in the case are in custody, but have not been tried or sentenced.

Cloud computing inevitable? Not so fast, educator says

DENVER - Is cloud computing inevitable? FAQ: Cloud computing demystified Michael Dieckmann, CIO at the University of West Florida, thinks otherwise and the two spent Wednesday at the annual Educause conference debating the hype vs. the hope around commercial cloud computing that promises to cut IT costs and provide efficiencies. Maybe, but IT still has a lot of questions to ask before floating away on its promises, according to Melissa Woo, director of cyberinfrastructure and network and operations services at the University of Wisconsin-Milwaukee.

Woo's contention isn't so much that the cloud won't emerge as an option, but that IT still has a lot of questions to ask before floating away on its promises. "Why is the conversation always when, why are we not asking why," she said to a packed Educause session that with a raising of hands showed the audience of higher-ed IT pros are on the fence over cloud computing. "Gartner has cloud computing at the peak of inflated expectations on its hype cycle," she said. This week, cloud provider Rackspace reported its third outage since June. Woo noted recent reports of outages by large providers should grab attention. Last month, Microsoft reported it lost the data stored by users of T-Mobile's Sidekick service before eventually recovering most of the data. Where is that data being stored?

And Google, which provides e-mail services for students, faculty and staff on Dieckmann's campus, has had numerous outages that have frustrated users so much that Google developed a Google Apps Status Dashboard and pumps updates to users via RSS. "And what about the privacy risks, security risks? Where is research data being stored? Dieckmann countered that the cloud question is most relevant for commodity services, but the tricky part is that the definition of commodity services is constantly changing. "To many people e-mail is e-mail," he said. "Storage is becoming more of a commodity. How do you handle identity and access management, what happens if the cloud service falls out from under you?" Woo said. When that service can come externally just are reliably and with the same service levels we can provide why do we need to spend significant resources to run it in-house?" But on the cost issue, Woo's contention is that most universities don't have a true handle on costs and therefore can't determine if the cloud is saving money. "Another thing to think about is are we just cost shifting. But Dieckmann compared the cloud with what has been happening internally in IT over the past few years in terms of centralizing servers into data centers and adding virtualization for added efficiencies and benefits.

Are we throwing things over the wall for others to worry about," said Woo, who wonders about the burden put on legal and purchasing departments. "We are not just looking at saving IT costs but costs across the institution." Dieckmann, in part, conceded Woo's point, saying he spends more time now with UWF's general counsel than he did before venturing out into the cloud. He said many of the same arguments IT made for centralization are now being turned against them via the cloud debate. "Part of what is uncomfortable here is that it is our apple cart that is now being upset," he said. "But we need not approach this as a poison pill. What if the cloud provider breaks the SLA, do we know how to measure harm if our storage disappears," she said. "We need to come to grips with the inevitability of the cloud," Dieckmann says. There are many advantages and we should be leading here rather than following." Woo contends the transfer to centralized IT has been based on trust, but questioned whether that same trust exists in the cloud. "Can we negotiate good service-level agreements (SLA). We don't have the maturity to negotiate those. The massive economy of scale involved in cloud computing can make it the most cost effective way to provide services for higher education, he contends. "Cost is not a minor concern today." When evaluating cloud services, he says users must focus on how the cloud alters the parameters on the old notion of outsourcing, an idea that was hot nearly a decade years ago but lost its sizzle for technological and other reasons.

He concedes the debate has many layers, but he points out that end-users have their own cloud choices now and that could eventually mean less IT control. "Our clients are voting with their feet," he said, in reference to students and faculty who go out on their own to online services. "Our challenge will be to combat the choices users make and to keep coherent IT enforcement," he said. "The next evolution of this is academic departments deciding to using the cloud and they are not doing that with IT or general counsel input. The cloud has benefits that can't be ignored, Dieckmann says, such as delivering infrastructure as a service, support for massive sharing, flexibility and a pay-as-you-go model. In some cases we have no control. We need to show some leadership." Follow John on Twitter.

NASA: With Atlantis docked, work begins today

With the NASA space shuttle Atlantis successfully docked at the International Space Station this afternoon, hatches have been opened and work has begun 210 miles above the Earth. Atlantis is carrying some 27,250 pounds of spare parts. The shuttle, which lifted off from the Kennedy Space Center on Monday afternoon, arrived and docked at the space station at 11:51 a.m. EST this morning.

The load is more than any other current space vehicle could handle. The shuttle brought up two equipment-carrying platforms. The Atlantis crew is now ready to work with the robotic arms onboard both the shuttle and the station to begin unloading some of that gear, according to NASA. The robotic arm on the shuttle will reach into its own payload bay and lift out one of the equipment carriers and hand it off to the robotic arm on the space station. Both will be attached on either side of the station's truss or backbone during the 11-day mission. The astronauts running the inspection used a suite of cameras and lasers designed to give them 3-D views of the shuttle's heat shield. On Tuesday, the Atlantis crew spent about five hours using the shuttle's 50-foot-long robotic arm, along with its 50-foot-long orbiter boom sensor system, to take pictures of the shuttle craft's wings and nosecap, to inspect for damage that might have occurred during takeoff.

This morning, as the shuttle approached the space station, Atlantis Commander Charlie Hobaugh rotated the vehicle backwards so astronauts on the space station could take pictures of the shuttle heat shield with 800 millimeter and 400 millimeter lenses. The equipment being delivered during this mission is considered critical to the operation of the space station, according to NASA. At this point, there are only six flights left for the space shuttle fleet before it's scheduled to be retired. All of the images will be sent back to ground control, where engineers will inspect them for any problems with the shuttle's thermal protection system, which will be needed to protect the craft during the blazing temperatures it will encounter during re-entry into the Earth's atmosphere. The equipment that needs to go up is being delivered in order of highest priority. The astronauts are expected to make three space walks to unload the parts from the shuttle and connect them to the sides of the station's truss .

Since this is the first mission to deliver what scientists hope will turn into a trove of spare parts, they're taking up the most important pieces.

Apple Plans for 'World-Mode iPhone' Bad News for AT&T

The Apple rumor mill claims that work is underway todevelop a 'world-mode' iPhone capable of operating on both CDMA and GSM/UMTS networks. Rumors also persist that Verizon will begin to carry the iPhone in 2010. All of these rumors suggest that the AT&T honeymoon with the iPhone is nearing an end. World mode.

A 'wordl-mode' iPhone could signal the end of exclusivity and be bad news for AT&TThese are just rumors at this point, but when a rumor is both pervasive and tenacious there is usually a reason. Without iPhone exclusivity, what does AT&T bring to the table that would entice customers to switch to, or stick with the wireless provider? That gives AT&T some reason to be concerned. AT&T has found itself under both customer and regulatory scrutiny for a variety of issues from inadequate service to questionable business practices. The move to a 'world-mode' version of the iPhone would be good news for Apple.

Users havecomplained about network speed, the lack of MMS messaging (which AT&T eventually added), the lack of data tethering for the iPhone (although the device itself is technically capable). AT&T has also drawn the attention of the FTC and the FCC regarding device exclusivity and other exclusionary practices. Analysts have already suggested that Apple could double iPhone sales by dropping the exclusivity with AT&T, and the world-mode device could also enable Apple to save manufacturing costs by allowing it to manufacture just one version that serves all markets. The news is also potentially great news for rival wireless provider Verizon. Of course, the recent iPhone launch in China has been a bit tepid so there are no guarantees. Verizon has been aggressively attacking the iPhone with recent marketing campaigns for the new Motorola Droid, but it has also been very clear that it is still open to welcoming the iPhone to its portfolio of devices. iPhone battle becomes a win-win for Verizon because whichever you choose you could get it from Verizon.

With an iPhone available from Verizon the whole Droid vs. AT&T does have devices that aren't iPhones. I know. No, really. I am an AT&T customer and I gave up my iPhone for alternate hardware.

There are rumors of AT&T also embracing the Google Android platform in the near future, and AT&T has generally offered the most compelling Windows Mobile devices like the HTC Tilt and the HTC Pure. AT&T was a tough competitor before the iPhone and it seems fair to assume the company won't just fold its tent and fade away when it loses iPhone exclusivity. I don't know if coming late to the Android party, or even adding a device as exciting as the upcoming HTC HD2 (which may or may not even come to AT&T) can replace iPhone exclusivity though. But, rollover minutes lose relevance when all major carriers now offering some form of unlimited minutes to a select calling circle, and some form of unlimited minutes between mobile devices, and the rising popularity of calling plans with unlimited minutes to begin with. Without the iPhone exclusivity, AT&T's only real strategic advantage right now is rollover minutes.

Verizon and Sprint are working on implementing 4G networks, and AT&T is filing lawsuits because it doesn't want to look bad for having such sparse 3G coverage. Hopefully its been enough of a warning that AT&T is working on a Plan B that involves more than adding an Android device and trying to get injunctions against clever marketing campaigns. Rumors of iPhone exclusivity ending have circulated for awhile. Tony Bradley is an information security and unified communications expert with more than a decade of enterprise IT experience. He tweets as @PCSecurityNews and provides tips, advice and reviews on information security and unified communications technologies on his site at tonybradley.com