Study shows recession hurting IT executive pay

A study by Janco, a Park City, UT-based IT consulting firm that conducts salary surveys, found that the mean compensation for CIOs in large enterprises is now $168,839, a 6% decrease from a similar study it issued a year ago. In midsize organizations, the current average is $163,211, a drop-off of nearly 5%, according to the study. Janco cited reductions in bonuses and fringe benefits for the compensation declines.