NEW YORK: The median pay of top 100 CEOs in America has risen by 5 per cent to USD 14.3 million in 2014, a study has found.
Besides this, the base salary ranged from USD 7.1 million for Rupert Murdoch at 21st Century Fox to nil for Richard Fairbank at Capital One, said Equilar 100 CEO Pay Study.
The study, which is an analysis of CEO salaries at the 100 largest public US companies as measured by revenue, puts Microsoft’s Indian-origin chief Satya Nadella on the top with a pay package of USD 84.3 million (Rs 525 crore) a year.
The list was topped by Oracle’s Larry Ellison last year, who has been now pushed by Nadella to the second spot.
Microsoft, however, said that Nadella’s pay for 2014 totals to USD 22.75 million only after taking into account the annualized value of special and one time equity awards.
“To obtain a more accurate understanding of annual CEO compensation, the value of special, one-time equity awards should be annualized over their vesting periods, resulting in 2014 compensation of USD 22.75 million based on grant date fair value,” a Microsoft spokesperson said in a statement.
For 2014, Nadella got annual executive compensation of USD 11.6 million, annualized one-time CEO transition award of USD 2.7 million and annualized Long-Term Performance-Based Stock Award (LTPSA) of USD 8.45 million, resulting in a total payout of USD 22.75 million.
For the years 2015 to 2018, his annual executive compensation (assuming target value) is USD 18 million, Annualized one-time CEO transition award will be USD 2.7 million and Annualized Long-Term Performance-Based Stock Award (LTPSA) of USD 8.45 million, totaling to USD 29.15 million.
In 2019 and 2020, the annual executive compensation (assuming target value) is USD 18 million and Annualized Long-Term Performance-Based Stock Award (LTPSA) is USD 8.45 million with a total investment of USD 26.45 million, Microsoft said.
On the list, another Indian-origin CEO, Indra Nooyi of PepsiCo is ranked 19th with USD 19.08 million. Legendary investor Warren Buffett of Berkshire Hathaway is ranked last at 100th position with a total compensation of USD 464,011.
Ellison (USD 67.3 million) is followed by Steven Mollenkopf of Qualcomm at the third place on the list with USD 60.7 million.
Others in the top-10 include Robert Iger (Walt Disney), Larry Merlo (CVS Health), K Rupert Murdoch (Twenty-First Century Fox), W James McNerney Jr (Boeing), James Gorman (Morgan Stanley), David Cote (Honeywell International) and Kenneth Chenault (American Express).–PTI
