2005 CIO Compensation Survey: "For the first time in four years of tallying the elite CIO list, financial services firms dominated. Of the 51 CIOs ranked, 14 come from banks, brokerages or insurance companies, up from seven of 47 total companies listed last year. Financial firms displaced retailers, which traditionally rule the ranking.
The CIO is critical at financial services companies; money can't move today without technology. But the CIO typically doesn't get paid enough to make it into the proxy statement. Regional bank presidents and heads of investing tend to take home bigger salaries, bonuses and incentive packages because these are the executives closest to core business."