 | « Back to article | Print this article |
Sanjay Jha (left) of Motorola and Vikram Pandit (below) of Citigroup are among the three Indian-origin men who have made it to the league of top 25 highest paid men in the world.
According to the list published by Fortune and compiled by executive compensation research firm Equilar Inc, Motorola Co-CEO and CEO, Mobile Devices, Sanjay K Jha with a total annual compensation of $104.5 million for the year 2008 was ranked second in the list.
Citigroup chief executive officer Vikram S Pandit with a total compensation of $38.2 million for 2008 was ranked 14th, and Dinesh C Paliwal, Harman International Industries vice chairman, president, and CEO, with an aggregate compensation of $30.4 million, secured the 25th position.
The list was topped by Aubrey K McClendon chairman and CEO of Chesapeake Energy, whose total compensation amounted to a whopping $112.5 million.
The top five highest paid men in the world include Aubrey K McClendon of Chesapeake Energy ($112.5 million), Sanjay Jha of Motorola ($104.5 million), Lawrence Ellison of Oracle ($84.5 million), Richard Adkerson of Freeport McMoRan Copper & Gold ($72.3 million) and Bob R Simpson of XTO Energy ($53.5 million).
Others in the list include Robert A Iger of Walt Disney (6th), Lloyd C Blankfein of Goldman Sachs (7th), Kenneth I Chenault of American Express (8th), Jon Winkelried of Goldman Sachs (9th) and Gary D Cohn of Goldman Sachs (10th).
Interestingly, there is a huge difference between the compensation package of the highest paid men and women across the world.
While, the highest paid man is Aubrey K McClendon with a total compensation of $112.5 million for 2008, Oracle president Safra Catz, who was the highest paid woman executive, received a pay package of just $42.4 million.
"Aubrey K McClendon, the highest-paid male executive, is making more than 2-and-a-half times what Safra Catz, the highest-paid woman, is paid," Fortune said.
The chart was prepared by looking at companies with more than $1 billion in revenues.
The total compensation in this case includes annualised base salary, discretionary and performance-based bonus payouts, the grant-date fair value of new stock and option awards and other compensation. Besides, other compensation also includes severance payments.