ID :
16039
Sat, 08/16/2008 - 08:54
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http://m.oananews.org//node/16039
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Two India-origin persons among Forbes top-paid young CEOs list
New York, Aug 16 (PTI) Two Indian origin businessmen -- publishing software giant Adobe's Shantanu Narayen and global outsourcing major Cognizant's Francisco D'Souza -- have made to the league of young C.E.Os with fattest pay package in the U.S., as per a list compiled by Forbes.
Narayen has been ranked at the 5th and D'Souza at the 15th position in a list of 15 young C.E.Os, aged 45 or less.
The list, published in the online edition of the U.S. business magazine, has been topped by a person of Pakistani originNabeel Gareeb, who is the C.E.O. of chipmaker M.E.M.C.
Electronic Materials since April 2002.
In terms of age, D'Souza is the youngest of the 15 C.E.Osat 39. Gareeb is aged 43 and Narayen is 44, the report said.
However, Gareeb tops the list with an annual pay package of 79.6 million dollars, as against 12 million dollars of Narayen, who is the C.E.O. of Adobe Systems since December2007.
The annual total compensation for D'Souza, the C.E.O. of Cognizant Technology since January 2007, has been put at 3.7million dollars.
Gareeb is followed by Nvidia C.E.O. Jen-Hsun Huang (45.9 million dollars) at the second, S.L. Green C.E.O. Marc Holliday (30 million dollars) at the third and Sun Microsystems C.E.O. Jonathan Schwartz (13.5 million dollars)at the fourth place.
Noting that "young chief executives are becoming an endangered species", the report said that the number of C.E.Os aged 45 or less at the 500 largest listed companies in the U.S. has dropped by more than half to 28 from 60 at the timeof tech boom in 2000.
Just three C.E.Os among these are yet to reach their 40thbirthdays, it noted.
The average annual compensation for these young C.E.Os at 9.2 million dollars also trails behind the average for all 500companies at 12.8 million dollars.
However, the gap might be closing, the report said, as the overall C.E.O. compensation after rising by 38 percent in 2006, dropped by 15 percent last year. At the same time, "the 28 youngsters under 45 collectively enjoyed a 5.9 percent increase in overall compensation." Nabeel Gareeb, who has topped the 45-and-under list, wasalso the sixth highest-paid C.E.O. overall.
The report noted that many of these top-paid young C.E.Os rise from within "though it takes a lot of time to learn a business inside and out, earn the respect of the board, andperhaps the hardest of all, win the hearts of employees".
"Excluding four founding entrepreneurs, including 39-year-old Yahoo! chief Jerry Yang and Nvidia's Huang, the 45-and-under set spent an average of nine years climbing the ranks before moving into their corner offices." The top paid five young C.E.Os are followed by Liberty Global's Michael T. Fries (sixth with 11 million dollars), R.R. Donnelley & Sons' Thomas J. Quinlan III (seventh with 6.5 million dollars), Huntsman's Peter R. Huntsman (eighth with 5.4 million dollars) and Brown-Forman's Paul Varga and Danaher's H. Lawrence Culp Jr jointly at ninth place (5.3million dollars each).
Expedia C.E.O. Dara Khosrowshahi has been ranked 11th (4.9 million dollars), followed by Lowe's C.E.O. Robert Niblock (4.6 million dollars), Aon's Gregory Case (4.5 million dollars) and Anheuser-Busch's August Busch IV (four million dollars). PTI
Narayen has been ranked at the 5th and D'Souza at the 15th position in a list of 15 young C.E.Os, aged 45 or less.
The list, published in the online edition of the U.S. business magazine, has been topped by a person of Pakistani originNabeel Gareeb, who is the C.E.O. of chipmaker M.E.M.C.
Electronic Materials since April 2002.
In terms of age, D'Souza is the youngest of the 15 C.E.Osat 39. Gareeb is aged 43 and Narayen is 44, the report said.
However, Gareeb tops the list with an annual pay package of 79.6 million dollars, as against 12 million dollars of Narayen, who is the C.E.O. of Adobe Systems since December2007.
The annual total compensation for D'Souza, the C.E.O. of Cognizant Technology since January 2007, has been put at 3.7million dollars.
Gareeb is followed by Nvidia C.E.O. Jen-Hsun Huang (45.9 million dollars) at the second, S.L. Green C.E.O. Marc Holliday (30 million dollars) at the third and Sun Microsystems C.E.O. Jonathan Schwartz (13.5 million dollars)at the fourth place.
Noting that "young chief executives are becoming an endangered species", the report said that the number of C.E.Os aged 45 or less at the 500 largest listed companies in the U.S. has dropped by more than half to 28 from 60 at the timeof tech boom in 2000.
Just three C.E.Os among these are yet to reach their 40thbirthdays, it noted.
The average annual compensation for these young C.E.Os at 9.2 million dollars also trails behind the average for all 500companies at 12.8 million dollars.
However, the gap might be closing, the report said, as the overall C.E.O. compensation after rising by 38 percent in 2006, dropped by 15 percent last year. At the same time, "the 28 youngsters under 45 collectively enjoyed a 5.9 percent increase in overall compensation." Nabeel Gareeb, who has topped the 45-and-under list, wasalso the sixth highest-paid C.E.O. overall.
The report noted that many of these top-paid young C.E.Os rise from within "though it takes a lot of time to learn a business inside and out, earn the respect of the board, andperhaps the hardest of all, win the hearts of employees".
"Excluding four founding entrepreneurs, including 39-year-old Yahoo! chief Jerry Yang and Nvidia's Huang, the 45-and-under set spent an average of nine years climbing the ranks before moving into their corner offices." The top paid five young C.E.Os are followed by Liberty Global's Michael T. Fries (sixth with 11 million dollars), R.R. Donnelley & Sons' Thomas J. Quinlan III (seventh with 6.5 million dollars), Huntsman's Peter R. Huntsman (eighth with 5.4 million dollars) and Brown-Forman's Paul Varga and Danaher's H. Lawrence Culp Jr jointly at ninth place (5.3million dollars each).
Expedia C.E.O. Dara Khosrowshahi has been ranked 11th (4.9 million dollars), followed by Lowe's C.E.O. Robert Niblock (4.6 million dollars), Aon's Gregory Case (4.5 million dollars) and Anheuser-Busch's August Busch IV (four million dollars). PTI
