New York: PepsiCo has given its India-born chief Indra Nooyi a pay package of $18.6 million (about Rs 113 crore) for 2013, a 7% hike from the previous year.
The beverages-and-snacks giant awarded Nooyi a total direct compensation of $18.6 million for 2013, as against $ 17.4 million in the preceding year and $16.6 million for 2011.
Nooyi is from the growing population of Indian CEO’s who have created ripples in the corporate world. Chanda Kochhar, MD of ICICI Bank, has done all women-kind proud by emerging as the highest paid banker in the Country, with salary Rs.5.12 crore. What is refreshing is that Chanda Kochhar has overtaken the more fancied bankers like Aditya Puri of HDFC Bank and Rana Kapoor of Yes Bank.
While the salaries seem exorbitant there are some like Elon Musk, CEO of Tesla Motors who earns $78.2m. He made his first millions through developing the payment platform PayPal and his success and fame have only grown. The stock of Musk’s latest venture, Tesla Motors, spent much of 2013 soaring in value, helping to explain the visionary CEO’s robust pay package.
Then there’s Larry Ellison, CEO of software maker Oracle. He receives a compensation of $77m making him one of the top-paid executives. Some of the other CEO’s taking home an impressive salary are:
- Mario Gabelli
Company: Gamco Investors
Compensation: $69 million
Through the ownership of 99% of Gamco Investors Class B voting shares, founder and CEO Mario Gabelli has near total control of his company. This arrangement surely bolsters his ability to pay himself well: He nets 10% of the firm’s pre-tax profits, plus further pay for his role as a portfolio manager. His $69 million in 2012 represented 20% of Gamco’s total revenue.
- Robert Kotick
Company: Activision Blizzard
Compensation: $64.9 million
Activision Blizzard – maker of wildly successful video game franchises Call of Duty and World of Warcraft – has rewarded its CEO Robert Kotick handsomely for the company’s swiftly appreciating stock price. The majority of Kotick’s compensation is paid in stock, which is up more than 60% in 2013.
- Leslie Moonves
Company: CBS
Compensation: $62.2 million
The fact that Moonves heads up America’s most watched-television network is one reason for his lavish pay. Hit shows like “Under the Dome†keep advertisers flocking to the network, bolstering Moonves reputation in a time of generally sagging network TV ratings.