Pepsico’s Indra Nooyi earns over 81 times more than the world’s richest man Warren Buffet interms of her annual pay packet, according to data compiled by executive search firm Equilar for the New York Times.
Ms.Indra Nooyi received an annual compensation of US $ 14.74 million in 2007 as compared to just US $ 0.18 million drawn by Mr.Buffet 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 citygroup takes a compensation of about 17 times that of Mr.Buffet.In 2007,Mr.Pandit had an annual compensation of US $ 3.16 millions.
Further, Mr.Rajive L.Gupta, an Indian origin CEO heading the speciality chemicals maker Rohm and Haas earns a compensation of US $ 7.26 million nearly 40 % higher than that of Buffet.
Equilar analysed the compensation data in the corporate filings of 200 large public firms in the US with the revenues of over US $ 6.5 billion. Further data is only based on the companies which had filed their proxies by March, 28 were considered.
The above comparison has been made only with regard to the compensation package between the above named CEOs and Mr.Buffet, but not with regard to their total assets. Mr.Buffet remains No.1 billionaire in the world in terms of his total value of his assets
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