Nooyi, Jha, Pandit among US top paid CEO
Three Indian origin executives --PepsiCo's Indra Nooyi, Motorola's Sanjay Kumar Jha and Citigroup's Vikram Pandit -- have found a place among America's top paid chief executive officer, says a survey.business Updated: Nov 15, 2010 23:21 IST
Three Indian origin executives --PepsiCo's Indra Nooyi, Motorola's Sanjay Kumar Jha and Citigroup's Vikram Pandit -- have found a place among America's top paid chief executive officer, says a survey.
Nooyi has bagged the 67th slot with a total pay package of $13.97 million and Jha got the the 377th place with a total compensation of USD 3.45 million, according to a ranking compiled by The Wall Street Journal of 456 US companies.
While another Indian Pandit got the 450th position in the survey with a pay package of $125,000, which was topped by Maffei, the leader of Liberty Media Corp with a pay packet of $87.1 million. 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 valaued at $61.9 million. Occidental Petroleum Corp's Ray Irani, bagged the third position with a total compensation of $52.2 million. The recent survey, which covered all 456 of the biggest US public companies with annual revenue of more than $4 billion that filed proxies between October 1, 2009 and September 30, 2010. The survey conducted by management-consulting firm Hay Group, noted that bonuses jumped by 11 per cent to a median of $1.67 million.
Overall, median total direct compensation for CEOs in the sample rose 3 per cent during their latest fiscal year.
Total direct compensation includes salary, bonuses and the awarded value of stock, options and other long-term incentives.
At the fourth place is Yahoo's Carol Bartz who took home $44.61 million followed by CBS' Leslie Ray $38.93 million. Others on the top 10 list include Philippe P Dauman of Viacom Inc ($33.7 million), Marc N Casper, CEO Thermo Fisher Scientific ($33.04 million), Raymond Elliott of Boston Scientific Corp ($32.1 million), Ralph Lauren, founder of Polo Ralph Lauren Corp ($27 million) and McKesson Corp's John H Hammergren ($24.5 million).