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14292
Wed, 07/30/2008 - 08:11
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Women defy falling CEO salaries in US; Nooyi on top: Forbes
New York, Jul 29 (PTI) CEOs heading America's 500 largest firms have taken a beating on their pay checks for the first time in five years, but the 13 female members of this elite club, headed by India-born chief of PepsiCo Indra Nooyi, havea reason to smile with a trend-defying hike.
According to the data compiled by US business magazine Forbes, CEOs of the 500 largest companies in US saw their compensation dwindle by an average 15 percent in 2007, but the13 female CEOs saw their pay jump by an average 27 percent.
But despite the hike, the average salary of female CEOsis still just about half of the overall average.
"The average take, including salary and bonuses, for all 500 CEOs was USD 12.8 million — double the female average ofUSD 6.5 million," Forbes said.
The fall in the total CEO compensation for these firms is the first since 2002 and comes after a "juicy 38 percentcollective pay increase in 2006," Forbes said.
Forbes has named PepsiCo chief Nooyi as the top-paidfemale CEO in the US with a USD 12.7 million pay packet.
Nooyi, who has been named as the fifth most powerful women in the world, is ranked 139th in terms of CEO pay forthe 500 top companies in the US, as per Forbes.
Forbes said Nooyi's total compensation was just one- fourteenth that of the highest-paid man on the list, Oracle's Larry Ellison, who took home a modest USD one million in salary but realized USD 182 million from the exercise of vested stock options last year. PTI RAM HMK NNNN Download this as a file
According to the data compiled by US business magazine Forbes, CEOs of the 500 largest companies in US saw their compensation dwindle by an average 15 percent in 2007, but the13 female CEOs saw their pay jump by an average 27 percent.
But despite the hike, the average salary of female CEOsis still just about half of the overall average.
"The average take, including salary and bonuses, for all 500 CEOs was USD 12.8 million — double the female average ofUSD 6.5 million," Forbes said.
The fall in the total CEO compensation for these firms is the first since 2002 and comes after a "juicy 38 percentcollective pay increase in 2006," Forbes said.
Forbes has named PepsiCo chief Nooyi as the top-paidfemale CEO in the US with a USD 12.7 million pay packet.
Nooyi, who has been named as the fifth most powerful women in the world, is ranked 139th in terms of CEO pay forthe 500 top companies in the US, as per Forbes.
Forbes said Nooyi's total compensation was just one- fourteenth that of the highest-paid man on the list, Oracle's Larry Ellison, who took home a modest USD one million in salary but realized USD 182 million from the exercise of vested stock options last year. PTI RAM HMK NNNN Download this as a file
