Internet Sales Directors are Highest Paid
Looking for a high-paying job? Perhaps you should consider sales. In a recent study sponsored by Ernst & Young, Hale and Door, the nation's preeminent technology law firm, and J. Robert Scott, executive recruiters, 1999 and 2000 compensation levels in of more than 1,000 executives of software and Internet companies were compared.
Key findings of the study were:
- CEOs received the highest base salaries, but sales directors earned the highest pay overall when bonuses were included.
- COOs received the highest increases in compensation.
- Chief Technical Officers received bonus increases of 66 percent, on the average, Heads of Engineering received average bonus increases of 58 percent
- The highest average increases in bonuses, 71 percent, went to CEOs.
- Bonuses as a percentage of base compensation increased more for CEOs with an average of 40 percent.
- The greatest jump in cash compensation, 25 percent, went to marketing directors of companies that grew to between 31 and 60 employees.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.