Nooyi, Jha, Pandit among U.S. top paid CEO
Tuesday, 16 November 2010, 13:21 IST
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New York: Three Indian origin executives - Pepsi'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 $3.45 million, according to a ranking compiled by The Wall Street Journal of 456 U.S. 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 Ray Irani, bagged the third position with a total compensation of $52.2 million.The recent survey, which covered all 456 of the biggest U.S. 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 percent to a median of $1.67 million. Overall, median total direct compensation for CEOs in the sample rose 3 percent 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 ($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 John H Hammergren ($24.5 million).
Source: PTI
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