Nooyi, Jha, Pandit among US top paid CEO: Report
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 USD 13.97 million and Jha got 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 USD 125,000, which was topped by Maffei, the leader of Liberty Media Corp with a pay packet of USD 87.1 million.
Maffei was followed by Larry Ellison, Oracle's billionaire founder who received a USD 68.6 million package and most of that reward came in the form of stock options valaued at USD 61.9 million.
Occidental Petroleum Corp's Ray Irani, bagged the third position with a total compensation of USD 52.2 million.
The recent survey, which covered all 456 of the biggest US public companies with annual revenue of more than USD 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 USD 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 USD 44.61 million followed by CBS' Leslie Ray USD 38.93 million.
Others on the top 10 list include Philippe P Dauman of Viacom Inc (USD 33.7 million), Marc N Casper, CEO Thermo Fisher Scientific (USD 33.04 million), Raymond Elliott of Boston Scientific Corp (USD 32.1 million), Ralph Lauren, founder of Polo Ralph Lauren Corp (USD 27 million) and McKesson Corp's John H Hammergren (USD24.5 million).