Microsoft's CEO Satya Nadella
WITH a pay package of $84.3m (Rs 525 crore) a year, technology giant Microsoft’s
Indian-origin chief Satya Nadella has emerged as the top-paid CEO in the US, as per a new list.
The Equilar 100 CEO Pay Study, an analysis of CEO salaries at the 100 largest public US companies as measured by revenue, was last year topped by Oracle’s Larry Ellison, who has been now pushed by Nadella to the second position.
Another Indian-origin CEO, Indra Nooyi of PepsiCo, is ranked 19th with $19.08m. Legendary investor Warren Buffett of Berkshire Hathaway is ranked last at 100th position with a total compensation of $464,011m.
Ellison ($67.3 million) is followed by Steven Mollenkopf of Qualcomm at the third place on the list with $60.7m.
Others in the top-ten include Robert Iger (Walt Disney), Larry Merlo (CVS Health), K Rupert Murdoch (Twenty-First Century Fox), W James McNerney, Jr (Boeing). James Gorman (Morgan Stanley), David Cote (Honeywell International) and Kenneth Chenault (American Express).
Equilar said that the median pay for 100 CEOs was $14.3m, a rise of 5 per cent, in the past year, while base salaries ranged from $7.1m for Rupert Murdoch at 21st Century Fox to nil for Richard Fairbank at Capital One.