37.5 C
Australia
Thursday, October 22, 2020

Nooyi, Nadella, Bhavesh Patel Among Highest Paid CEOs In World

Must read

Man south in reference to alleged arson in Logan

Police are interesting for help from the general public to determine a person who might assist them within the investigation of the alleged...

Qld Police say dashcam footage may resolve Shane Bowden homicide

Police are calling on the general public to assist them piece collectively Shane Bowden’s previous couple of days and the circumstances surrounding his...

As many as three-Indian origin persons have been named among 100 highest-paid CEOs globally, with PepsiCo’s Indra Nooyi and LyondellBasell’s Bhavesh Patel making it to the top ten list compiled by Equilar.

Chemicals company LyondellBasell Industries’ top executive Bhavesh V Patel was ranked sixth on the list with a total compensation of $24.5 million, while Nooyi, the chief executive of PepsiCo, was ranked eighth on the list with a total pay of $22.2 million.

Satya Nadella, the CEO of Microsoft, was ranked 26th on the list of 100 highest-paid CEOs with a total compensation of $18.3 million.

The overall list was topped by Mark V Hurd and Safra A Catz of Oracle Corp with both boasting a total compensation of $53.2 million.

Others on the top 10 include Robert A Iger of Walt Disney ($43.5 million), David M Cote of Honeywell International ($33.1 million), General Electric’s Jeffrey R Immelt ($26.4 million), Randall L Stephenson of AT&T ($22.4 million), Rupert Murdoch of Twenty-First Century Fox ($22.2 million) and James P Gorman of Morgan Stanley ($22 million).

This list is a snapshot of companies that file annual proxy statements before April 1 and aims to provide an early look at CEO pay trends for 2015.

The report further noted that the median pay for Equilar 100 CEOs was $14.5 million in fiscal year 2015, up 3 per cent from the previous year.

Interestingly, eight CEOs on the list are female, and they far outpace the median pay for the Equilar 100 as a whole. “Median compensation for these eight women was $20.0 million in 2015, while average pay was $ 22.7 million,” Equilar said.

Catz tied with her colleague Hurd as the highest-paid individual CEO in the Equilar 100, was the highest paid female executive with $ 53.2 million.

Apple is the largest company by revenue on the list, totalling $233.7 billion in 2015, followed by Berkshire Hathaway with $210.8 billion.

“Notably, Tim Cook of Apple was paid below the median ($10.3 million) and Warren Buffett of Berkshire Hathaway was by far the lowest-paid CEO in the Equilar 100, earning $470,244 in total compensation last year,” it added.

Online Source

The Indian Telegraph Sydney Australia

Latest article

NBN Co attempting to lure customers with cheaper faster internet plans

NBN Co will offer heavily discounted internet plans in an attempt to grow its customer base and bolster future revenue. The broadband provider...

Cricket: Cricket NSW won’t take any gambling sponsors or allow advertising at Big Bash games in NSW

Big Bash games in NSW will be even more free of gambling promotions after a deal was signed to remove all advertising from...

Australia Post spends $12k on Cartier watches as reward for staff

Australia Post spent $12,000 on Cartier watches as a reward for a few senior staff members.Chief executive Christine Holgate was grilled about the...

ACT coronavirus: Diplomat the first positive case in 104 days

A diplomat returning from overseas has become the first person to test positive for coronavirus in the ACT in 104 days.ACT Health confirmed...

Netball: The controvserial super shot rule will remain for 2021

An announcement the controversial “super shot” rule would be kept for the 2021 Super Netball season was met with immediate disapproval. The rule...