Chief Security Officers seeing pay boost

Jul 25, 2006 4:15 PM

           

The nation's top corporate Chief Security Officers (CSO), those executives in charge of security for global companies in the U.S., are paid, on average, more than $293,000 annually in total cash compensation (base salary and bonus paid), according to a compensation survey by consulting and research firm Foushée Group Inc., Ft. Myers, Fla.
The firm published its "2006 Security and Compliance Compensation Survey Report," covering the most critical domestic and international management, professional and technical positions in security and compliance. Almost 64 percent of the participating organizations had sales revenue of more than $3 billion in 2005.
"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.
"When comparing 2005 to the 2006 Security Compensation data for Chief Security Officers, there is an 11 percent increase in total cash compensation for the top job, significantly higher than the national norm," Walker adds.
Based on earlier surveys by the Foushée Group, CSO salary cash compensation since the Sept. 11 terrorist attacks has increased 44.7 percent, significantly more than the national average.
The Foushée Group Inc. conducted the survey in cooperation with the International Security Management Association (ISMA).

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