Indra Nooyi, Satya Nadella, Bhavesh Patel among highest paid CEOs in world

As many as three Indian origin persons have been named among 100 highest-paid CEOs globally with PepsiCo’s Indra Nooyi and LyondellBasell’s Bhavesh Patel making it to the top ten list compiled by Equilar.

Chemicals company LyondellBasell Industries’ top executive Bhavesh V Patel was ranked sixth on the list with a total compensation of $ 24.5 million, while Nooyi, the Chief Executive of PepsiCo was ranked eighth on the list with a total pay of $ 22.2 million.

Satya Nadella, the CEO of Microsoft was ranked 26th on the list of 100 highest-paid CEOs with a total compensation of $ 18.3 million.

The overall list was topped by Mark V Hurd and Safra A Catz of Oracle Corp with both boasting a total compensation of $ 53.2 million.

Others on the top 10 include, Robert A Iger of Walt Disney ($ 43.5 million), David M Cote of Honeywell International ($ 33.1 million), General Electric’s Jeffrey R Immelt ($ 26.4 million), Randall L Stephenson of AT&T ($ 22.4 million), Rupert Murdoch of Twenty-First Century Fox ($ 22.2 million) and James P Gorman of Morgan Stanley ($ 22 million).

This 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.

The report further noted that the median pay for Equilar 100 CEOs was $ 14.5 million in fiscal year 2015, up 3 per cent from the previous year.

Interestingly, eight CEOs on the list are female, and they far outpace the median pay for the Equilar 100 as a whole.

“Median compensation for these eight women was $ 20.0 million in 2015, while average pay was $ 22.7 million,” Equilar said.

Catz tied with her colleague Hurd as the highest paid individual CEO in the Equilar 100, was the highest paid female with $ 53.2 million.

Apple is the largest company by revenue on the list, totalling $ 233.7 billion in 2015, followed by Berkshire Hathaway with $ 210.8 billion.

“Notably, Tim Cook of Apple was paid below the median ($ 10.3 million) and Warren Buffett of Berkshire Hathaway was by far the lowest-paid CEO in the Equilar 100, earning $ 470,244 in total compensation last year,” it added.