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U.S. Chief Security Officer pay increased by 11 per cent in 2005

The top corporate Chief Security Officers (CSO) in the U.S., — those in charge of security for global companies — are paid, on average, more than $293,000 annually in total cash compensation (base salary and bonus paid), according to a  survey by compensation consulting and research firm, Foushée Group, Inc., headquartered in Ft. Meyers, Fla.



July 31, 2006
By Jennifer Brown


Topics

The firm published the 2006 Security & Compliance Compensation
Survey Report
covering the most critical domestic and international
management, professional and technical positions in security and
compliance. Almost 64 per cent 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," said 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 per cent increase in total cash compensation for the
top job, significantly higher than the national norm. The annual survey
publication continues to provide an excellent benchmark for monitoring
compensation in the security and compliance fields on a national
scale," Walker said.

Based on earlier surveys by the Foushée
Group, CSO salary cash compensation since the 9/11terrorist attacks
has increased 44.7 per cent, significantly more than the national
average.

The Foushée Group Inc. conducted the survey in
cooperation with the International Security Management Association
(ISMA), the worldwide organization of Chief Security Officers. ISMA
members include representatives from more than half of the Fortune 100
and a quarter of the Global 200, spanning five continents and every
industry.


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