CSO’s Total Cash Compensation Increases 11% Over 2005
FT. MEYERS, Fla.
A report released by Foushée Group Inc. of Ft. Meyers, Fla., finds that the nation’s top corporate chief security officers (CSOs) are paid on the average more than $293,000 annually in cash compensation. CSOs, those executives in charge of security for global companies in the United States, have seen an increase of 44.7 percent in salary cash compensation since the 9/11 tragedy.
“The fifth annual survey indicates the continued recognition and importance of the security groups within the organization and their contribution to the overall profitability of their companies. Chief security officers not only have to plan for international and domestic threats, but are increasingly involved with the security requirements for information systems and planning for potential public health pandemics, which could significantly impact a company’s ability to operate,” says Stephen W. Walker, general partner, Foushée Group Inc.
According to Walker, when comparing CSO wage data between 2005 and 2006, an 11-percent increase in total cash compensation was found. Walker says that this is higher than the national average.
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