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Three NRIs in top drawing US CEOs' list
Monday, April 07, 2008 09:34 [IST]

vikram_panditNew York: 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 on Sunday by The New York Times based on the company reports.

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.


Source : IANS

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