Monday, April 7, 2008

Three Indian Americans among top drawing 200 CEOs in US

Three Indian Americans are among the 200 CEOs of large public companies who received an average of over $11 million compensation in 2007. Besides Indra Nooyi and Vikram Pandit, Rajiv L. Gupta of Rohm and Haas is one of them.

Gupta's package was $7.3 million, cash pay being $2.8 million, according to the CEO pay tabulated Sunday by The New York Times based on proxies filed by companies.

Muzaffarnagar-born, IIT educated, Gupta took over as chairman and CEO of the Pennsylvania-based chemicals multinational in 1999.

For Nooyi, chief of PepsiCo, the total annual package was $14.7 million, with a cash pay of $4.9 million, stock awards and option awards making up the rest.

Pandit, who took over as chief of Citigroup only in last December, received a total of $3.2 million, out of which a huge chunk of $2.9 million was in stock awards.

The highest compensation - a whopping $84 million - went to Johan Thain, chief of Merrill Lynch, while Rupert Murdoch of News Corp took home $24 million.

Steven Jobs of Apple chose to take only a token $1. Even the richest man in the world, Warren Buffett, took only $175,000 from his company, Berkshire Hathaway.

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