3 Indian origin men among 25 highest paid globally: Fortune
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Last Updated: Wednesday, September 16, 2009, 20:05
New York: Sanjay Jha of Motorola and Vikram Pandit of Citigroup are among the three who have made it to the league of top 25 highest paid men in the world.

According to the list published by Fortune and compiled by executive compensation research firm Equilar Inc, Motorola Co-CEO and CEO, Mobile Devices Sanjay K Jha with a total annual compensation of USD 104.5 million for the year 2008 was ranked second in the list.

While, Citigroup Chief Executive Officer Vikram S Pandit with a total compensation of USD 38.2 million for 2008 was ranked 14th and Dinesh C Paliwal, Harman International Industries Vice-Chairman, President, and CEO with an aggregate compensation of USD 30.4 million secured the 25th position.

The list was topped by Aubrey K McClendon Chairman and CEO of Chesapeake Energy, whose total compensation amounted to a whopping USD 112.5 million.

The top five highest paid men in the world include Aubrey K McClendon of Chesapeake Energy (USD 112.5 million), Sanjay Jha of Motorola (USD 104.5 million), Lawrence Ellison of Oracle (USD 84.5 million), Richard Adkerson of Freeport McMoRan Copper & Gold (USD 72.3 million) and Bob R Simpson of XTO Energy (USD 53.5 million).

Others in the list include Robert A Iger of Walt Disney (6th), Lloyd C Blankfein of Goldman Sachs (7th), Kenneth I Chenault of American Express (8th), Jon Winkelried of Goldman Sachs (9th) and Gary D Cohn of Goldman Sachs (10th).

Interestingly, there is a huge difference between the compensation package of the highest paid men and women across the world.

While, the highest paid man is Aubrey K McClendon with a total compensation of USD 112.5 million for 2008, Oracle President Safra Catz, who was the highest paid woman executive received a pay package of just USD 42.4 million.

"Aubrey K McClendon, the highest-paid male executive, is making more than 2-and-a-half times what Safra Catz, the highest-paid woman, is paid," Fortune said.

The chart was prepared by looking at companies with more than USD 1 billion in revenues.

The total compensation in this case includes annualised base salary, discretionary and performance-based bonus payouts, the grant-date fair value of new stock and option awards and other compensation. Besides, other compensation also includes severance payments.

Bureau Report

First Published: Wednesday, September 16, 2009, 20:05

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