More than half of privately held companies offered raises to their chief financial officers, and those CFOs make 45 percent less than CFOs of public companies, according to a new CFO compensation survey report by MyCFOnetwork.
"Traditionally, executive compensation surveys are slanted toward publicly traded Fortune 1000 executives, making it difficult, if not impossible, for executives of smaller companies to determine their fair market value," says Tommy Souther, U.S. Ag CFO. "This report shows data from companies in the small- to middle-market revenue spectrum."
"Having a document to point to when you are negotiating an executive compensation package is vital," explains Craig Williams, co-founder of MyCFOnetwork. "Our report highlights critical areas that must be addressed in private company compensation packages."
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