Corporate Finance -- Salary Data and Hiring Trends

Increased pressure for regulatory compliance is driving more chief financial officers out the door, a new study suggests.

Total turnover among the CFOs of Fortune 500 companies rose 23% during 2004 from a year earlier, concludes the study by Russell Reynolds Associates Inc., a New York executive-search firm. The analysis covered change in the ranks of CFOs, controllers and treasurers.

In 2004, 16% of surveyed concerns changed CFOs -- compared with 13% in 2003. Last year, 22.2% of those changes were due to resignations while resignations claimed 18.2% the prior year.

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