In this article, CFO Dive referenced a report CAP published on CFO pay. CAP’s report looks at compensation outcomes for CFOs relative to CEOs among 130 companies. These companies have a median revenue of $14 billion. CAP’s research found that the median 2021 increases in total compensation were 17% for CFOs relative to 18% for CEOs. In comparison, there was only a 4% and 3% increase, respectively, in 2020.

Principal Roman Beleuta discussed a survey conducted by CAP revealing that approximate CFO pay is roughly one-third of CEO pay, a drop from last year’s survey. However, CFO salary increases continue to outnumber those of CEOs, a consistent trend for multiple of years now. He reveals how CEO salary increases are less prominent due to more of a focus on incentive-based raises to align with performance and shareholder interest.

CAP’s recent study on CFO compensation concluded that, while overall pay increased for CFOs, actual bonus payouts dipped as a result of slowed financial performance in 2019 compared to previous years.