PepsiCo’s Indra Nooyi, Motorola’s Sanjay Kumar Jha and Citigroup’s Vikram Pandit are the three Indian-Americans among US’ highest paid CEOs listed by Wall Street Journal.
Nooyi is ranked 67th with a total pay package of $14.0 million, Jha bagged the 377th spot with a total compensation of $3.5 million, with Pandit bringing up the rear in 450th position with a pay package of $1.3 million.
Gregory Maffei, CEO of Liberty Media Corp with a pay packet of $87.1 million, was the highest paid CEO in WSJ’s study of 456 companies with annual revenues in excess of $4 billion. Maffei was followed by Larry Ellison, Oracle’s billionaire founder, who received a $68.6 million package and most of that reward came in the form of stock options valued at $61.9 million.
Occidental Petroleum Corp’s Ray Irani was at the third position with a total compensation of $52.2 million. At the fourth place is Yahoo’s Carol Bartz, who took home $44.6 million, and CBS’ Leslie Ray with $38.9 million came in at number 5. Philippe P. Dauman of Viacom Inc ($33.7 million), Marc N Casper of Thermo Fisher Scientific ($33.0 million), Raymond Elliott of Boston Scientific Corp ($32.1 million), Ralph Lauren, founder of Polo Ralph Lauren Corp ($27.0 million), and McKesson Corp’s John H. Hammergren ($24.5 million) rounded off the top 10.
The study by management-consulting firm Hay Group said bonuses jumped by 11% to a median of $1.67 million.
Overall, median total direct compensation for CEOs rose 3% during their latest fiscal year. Total direct compensation includes salary, bonuses and the awarded value of stock, options and other long-term incentives.