News: Highest-paid CEOs include Indian-origin Nooyi, Nadella and Patel

Compensation & Benefits

Highest-paid CEOs include Indian-origin Nooyi, Nadella and Patel

CEO pay to rise despite volatility says executive data firm Equilar
Highest-paid CEOs include Indian-origin Nooyi, Nadella and Patel

Equilar released its annual list of 100 highest paid CEOs at the largest companies by revenue to understand how executive pay aligns with the company’s performance. The report found that despite volatility in the stock market and despite losses in certain industries like oil and gas and retail in 2015, the CEO pay has not been greatly affected. 

The list is topped by Mark V. Hurd and Safra A. Catz of Oracle Corporation, who each took home $ 53.2 million. They were followed by Rober A. Iger of Walt Disney Corporation who was paid $43.5 million and David M. Cote of Honeywell International Inc who was paid $33 million. Three Indian origin CEOs figure in the top 100 list: Bhavesh Patel the CEO of Lyondellbasell Industries N.V. ranked at 6th place and took home $24.5 million, Indra K. Nooyi of Pepsico Inc, who was ranked 8th on the list earned  $22.2 million and Satya Nadella of Microsoft Corporation ranked 26th was paid $18.3 million.

The report also noted that despite the fact that only eight CEOs featured on the list are female, they far outpace the median pay for Equilar 100 as a whole. The median compensation for the eight women was $20 million, while the average pay was $22.7 million. According to the report, the total compensation increased a median 3 percent in the last year, totaling to $14. 5 million and the average pay was $15. 5 million.

In terms of revenue, Apple led the list with $233.7 billion dollars, followed by Berkshire Hathaway with $210.8 billion. Interestingly, the Tim Cook, the CEO of Apple was paid below the median at $10.3 million and Warren Buffett was the lowest-paid CEO in the Equilar 100, earning $470, 244 in total compensation in 2015. The Equilar 100 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.

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Topics: Compensation & Benefits, C-Suite

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