Motorola's Jha is America's top paid CEO
Agencies
Posted: 2009-04-03 18:53:27+05:30 IST
Updated: Apr 03, 2009 at 1853 hrs IST
New York: Mobile phone maker Motorola's India-born chief Sanjay Jha has emerged America's top paid CEO, while Citigroup's Vikram Pandit tops the league among bailed out banks, a survey said today.
Another Indian on the list is PepsiCo's Indra Nooyi at the 36th slot with a pay package of USD 13.98 million.
With a total payout of over USD 104 million in 2008, Jha is the only CEO to get a compensation package exceeding USD 100 million, with Occidental's Ray Irani at a distant second with USD 49.9 million.
Irani is followed by Walt Disney's Robert Iger (USD 49.7 million) at the third slot.
In the overall ranking, compiled by the Wall Street Journal, Citigroup CEO Vikram Pandit comes at the fourth position with a payout of USD 38.2 million. Besides, Pandit is the highest paid CEO for bailed out banks in the US, WSJ said.
The WSJ CEO Compensation Study was conducted by management consulting firm Hay Group and based on an analysis of CEO pay of the first 200 US companies with fiscal year 2008 revenue of at least USD 5 billion that filed their proxy statements between October 2008 and March 2009. WSJ said the study would be updated as companies file new proxies.
