Washington: PepsiCo’s Indra Nooyi, Quest Diagnostics' Surya N. Mohapatra and Adobe Systems' Shantanu Narayen are three Indian Americans figuring in the Forbes list of highest paid CEOs of the 500 biggest US companies.
Nooyi (93th) earned a compensation of USD 10.66 million, Mohapatra (96th) got USD 10.29 million and Narayen at 425th slot took home a pay packet of USD 1.88 million, the US business magazine said.
With a total compensation of USD 141.36 mn, H. Lawrence Culp Jr, the chief of the diversified manufacturing and technology firm Danaher, is at the top of the list.
"For the third consecutive year, the chief executives of the 500 biggest companies in the US (as measured by a composite ranking of sales, profits, assets and market value) took a cut in total compensation," Forbes said.
"The latest collective pay cut, 30 percent, was the biggest of the past three years (11 percent and 15 percent declines in the previous two years)," it said.
Together, these 500 CEOs earned USD4 billion in 2009, which averages out to USD8 million apiece. "Although down from last year (49 percent), the value realised from exercised stock options again account for the main component of pay, 30 percent this year," the magazine noted.
At the second spot is Oracle's Lawrence J. Ellison with a pay packet USD 130.23 million, followed at the third place by Chesapeake Energy's Aubrey K. McClendon with USD 114.29 million.
Occidental Petroleum's Ray R. Irani took the fourth position with a compensation of USD 103.07 million and Yum Brands's David C. Novak is placed at the fifth with USD76.49 million.
Others in the list include Hewlett-Packard's Mark V. Hurd (26th) with USD 24.74 million, News Corp's Rupert Murdoch (53rd) with USD 15.55 million, General Electric's Jeffrey R. Immelt (237th) USD 5.08 million and Goldman Sachs' Lloyd C. Blankfein (472nd) with a USD 1.13 million pay packet.
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