boss polo 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.
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).