Indra Nooyi, the India-origin CEO of beverages major PepsiCo, earns over 81 times more than the world's richest man Warren Buffett in terms of her pay packet.
NEW YORK: Indra Nooyi, the India-origin CEO of beverages major PepsiCo, earns over 81 times more than the world's richest man Warren Buffett in terms of her annual pay packet, according to data compiled by executive search firm Equilar for the New York Times.
Nooyi received an annual compensation to the tune of USD 14.74 million in 2007 as compared to just USD 0.18 million drawn by Buffett who heads Berkshire Hathway, which is into life insurance and annuity sales, among others.
Another India-origin CEO Vikram Pandit, who is heading global banking giant Citigroup, takes home a compensation of about 17 times more than that of Buffet. In 2007, Pandit had an annual compensation of USD 3.16 million.
Further, Rajiv L Gupta, an India-origin CEO heading the speciality chemicals maker Rohm & Haas earns a compensation of USD 7.26 million, nearly 40 per cent higher than that of Buffett.
Equilar analysed the compensation data in the corporate filings of 200 large public firms in the US with revenues of over USD 6.5 billion. Further, data on only those companies that had filed their proxies by March 28 were considered.
Meanwhile, Steve Jobs, the CEO of i-Pod maker Apple, is at the bottom of the list and has a base salary of one dollar.
The total compensation figures represent the sum of base salary, discretionary and performance-based cash bonuses, option awards and stock awards, among others.
"The annual salaries cited for chief executives who served only part of the year was derived either from information disclosed by the company about the new chiefs contract, or by prorating their salaries based on the time they actually served in the position. Other elements of their compensation, though, were not prorated," an accompanying report in the newspaper said.
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