The Hindu : National : Nooyi’s earnings

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Nooyi’s earnings

New York: Indra Nooyi, the India-origin CEO of beverages major PepsiCo, earns over 81 times more than the world’s richest man Warren Buffett in terms of her annual pay packet, according to data compiled by executive search firm Equilar for the New York Times.

Ms. Nooyi received an annual compensation to the tune of US$ 14.74 million in 2007 as compared to just US$ 0.18 million drawn by Mr. Buffett who heads Berkshire Hathway, which is into life insurance and annuity sales, among others.

Another India-origin CEO Vikram Pandit, who is heading global banking giant Citigroup, takes home a compensation of about 17 times that of Mr. Buffet. In 2007, Mr. Pandit had an annual compensation of US$ 3.16 million.

Further, Rajiv L Gupta, an India-origin CEO heading the speciality chemicals maker Rohm & Haas earns a compensation of US$ 7.26 million, nearly 40 per cent higher than that of Mr. Buffett.

Equilar analysed the compensation data in the corporate filings of 200 large public firms in the U.S. with revenues of over US$ 6.5 billion. Further, data on only those companies that had filed their proxies by March 28 were considered. — PTI

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