Indra Nooyi, Sanjay Jha among highest paid CEOs in US: Report

May 10, 2011 |

IANS

Washington

Tags:

Five Indian Americans, including PepsiCo chief Indra Nooyi and Motorola Mobility's Sanjay Jha, are among the highest paid CEOs in the US, according to a new survey of the 350 biggest U.S. companies.

Besides Indian-born Nooyi and Jha, the three other Indian origin CEOs on the list are OfficeMax CEO Ravi Saligram, Quest Diagnostics' Surya Mohapatra and Citigroup's Vikram Pandit.

The median value of salaries, bonuses and long-term incentive awards for CEOs of 350 major companies surged 11 per cent to $9.3 million, according to a study of proxy statements conducted for The Wall Street Journal by management consultancy Hay Group.

Viacom Inc. CEO Philippe P. Dauman topped the list. He received compensation valued at $84.3 million, more than double his 2009 pay, thanks largely to equity awards in a renewed contract.

Nooyi's total direct compensation in 2010 was $13.78 million, which included her salary of $1.3 million dollars, annual incentives of $3 million, stock option grants of $3.23 million and performance awards totalling $6.25 million. Nooyi's compensation, however, declined 0.2 per cent from 2009.

Saligram earned a total compensation of $12.03 million in 2010 that included a salary of $121,000, stock option grants of $9.21 million and restricted stock grants of $2.26 million.

Jha's total direct compensation was $11.92 million. His 2010 salary was $900,000 dollars and he earned annual incentives of $1 million and about $10 million in stock options and restricted stock grants.

Mohapatra, whose company is the leading provider of diagnostic testing and services, earned $10.39 million in total compensation that included a salary of $1.23 million and annual incentives of $1.2 million.

His stock options, restricted stock grants and performance awards totalled about $8 million. Mohapatra's total compensation declined 3.7 per cent from 2009.

Pandit comes in last in the list as he earned no compensation in 2010, following his decision to take a $1 annual salary and no other compensation until Citi returns to 'sustained profitability'.

Post new comment

<form action="/comment/reply/73128" accept-charset="UTF-8" method="post" id="comment-form"> <div><div class="form-item" id="edit-name-wrapper"> <label for="edit-name">Your name: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="60" name="name" id="edit-name" size="30" value="Reader" class="form-text required" /> </div> <div class="form-item" id="edit-mail-wrapper"> <label for="edit-mail">E-Mail Address: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="64" name="mail" id="edit-mail" size="30" value="" class="form-text required" /> <div class="description">The content of this field is kept private and will not be shown publicly.</div> </div> <div class="form-item" id="edit-comment-wrapper"> <label for="edit-comment">Comment: <span class="form-required" title="This field is required.">*</span></label> <textarea cols="60" rows="15" name="comment" id="edit-comment" class="form-textarea resizable required"></textarea> </div> <fieldset class=" collapsible collapsed"><legend>Input format</legend><div class="form-item" id="edit-format-1-wrapper"> <label class="option" for="edit-format-1"><input type="radio" id="edit-format-1" name="format" value="1" class="form-radio" /> Filtered HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd></li><li>Lines and paragraphs break automatically.</li></ul></div> </div> <div class="form-item" id="edit-format-2-wrapper"> <label class="option" for="edit-format-2"><input type="radio" id="edit-format-2" name="format" value="2" checked="checked" class="form-radio" /> Full HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Lines and paragraphs break automatically.</li></ul></div> </div> </fieldset> <input type="hidden" name="form_build_id" id="form-298b1bd68b78f050617c23f5776e0a5c" value="form-298b1bd68b78f050617c23f5776e0a5c" /> <input type="hidden" name="form_id" id="edit-comment-form" value="comment_form" /> <fieldset class="captcha"><legend>CAPTCHA</legend><div class="description">This question is for testing whether you are a human visitor and to prevent automated spam submissions.</div><input type="hidden" name="captcha_sid" id="edit-captcha-sid" value="83668632" /> <input type="hidden" name="captcha_response" id="edit-captcha-response" value="NLPCaptcha" /> <div class="form-item"> <div id="nlpcaptcha_ajax_api_container"><script type="text/javascript"> var NLPOptions = {key:'c4823cf77a2526b0fba265e2af75c1b5'};</script><script type="text/javascript" src="http://call.nlpcaptcha.in/js/captcha.js" ></script></div> </div> </fieldset> <span class="btn-left"><span class="btn-right"><input type="submit" name="op" id="edit-submit" value="Save" class="form-submit" /></span></span> </div></form>