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Motorola`s Sanjay Jha emerges as America`s top paid CEO
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Motorola`s Sanjay Jha emerges as America`s top paid CEO
In a survey published Friday by the Wall Street Journal, Pandit is ranked fourth overall with a payout of $38.2 million, while PepsiCo`s Indian American CEO is at the 36th slot with a pay package of $13.98 million.
With his over $104 million package, Jha is the only CEO to get a compensation package exceeding $100 million, with Occidental`s Ray Irani at a distant second with $49.9 million. Irani is followed by Walt Disney`s Robert Iger ($49.7 million) at the third slot.
Among the bailed out banks, Pandit is followed by JP Morgan Chase`s James Dimon ($20.9 million) and Wells Fargo`s John Stumpf ($8.8 million) at the second and third spots, respectively.
Bank of America`s Kenneth Lewis was paid $1.5 million. John Mack of Morgan Stanley got $0.8 million and Lloyd Blankfein of Goldman Sachs received a total compensation of $0.6 million.
The median salaries and bonuses for the chief executives of 200 big US companies fell 8.5 percent to $2.24 million, according to an analysis for the Journal by Hay Group, a management consulting firm. The analysis examined proxy statements for companies with more than $5 billion in annual revenue.
Including the value of stock, stock options and other long-term incentives, total direct compensation for the CEOs dropped 3.4 percent to a median of $7.56 million. The decline was the first in seven years and only the second drop since the Journal began tracking CEO pay in 1989.
While median CEO salaries grew 4.5 percent, bonuses fell 10.9 percent as profits decreased by a median 5.8 percent.
CEO compensation decreased more sharply at banks and brokerages, long the source of some of the biggest paychecks.
Median annual cash compensation for CEOs in the financial industry fell 43 percent, to $976,000. Total direct compensation fell 14.2 percent, to a median $7.6 million.
Source:
http://siliconindia.com/shownews/Motorolas_Sanjay_Jha_emerges_as_Americas_top_pa
