by admin | May 25, 2021 | Corporate, Corporate Buzz
New Delhi, (IANS) Indian origin Indra Nooyi, Bhavesh Patel and Satya Nadella made it to the list of 100 highest-paid CEOs in the world compiled by compensation information provider Equilar.
LyondellBasell Industries CEO Patel was placed sixth on the list with a total compensation of $24.5 million while PepsiCo’s India Nooyi was at the eighth position with a pay cheque of $22.2 million.
Nadella, the Microsoft CEO made the cut at 26th position in the 100 highest-paid CEOs list with a total compensation of $18.3 million.
Oracle’s Mark V. Hurd and Safra A. Catz topped the 100 highest paid global CEOs list with a total compensation of $53.2 million each.
Robert A. Iger of Walt Disney ($43.5 million), David M. Cote of Honeywell International ($33.1 million), General Electric’s Jeffrey R. Immelt ($26.4 million), Randall L. Stephenson of AT&T ($22.4 million), Rupert Murdoch of Twenty-First Century Fox ($22.2 million) and James P. Gorman of Morgan Stanley ($22 million) made up the top 10.
According to Equilar, the median pay was $14.5 million in fiscal 2015 which grew by three percent from the previous year.
As many eight women CEOs made it to the list. “Median compensation for these eight women was $20 million in 2015, while average pay was $22.7 million,” said Equilar.
California-based privately held Equilar generates information on executive compensation packages.
by admin | May 25, 2021 | Markets, Technology
By Fakir Balaji
Bengaluru/New Delhi:(IANS) The Indian IT industry is upbeat over the appointment of Indian-born Sundarajan Pichai, 43, as chief executive of the world’s largest search engine Google Inc in the US.
Elated over the meteoric rise of Pichai in Google, who will succeed its co-founder Larry Page a decade after joining the Silicon Valley behemoth in 2004, a top industry executive said on Tuesday that the IIT graduate symbolized new India, representing talent, technology, innovation and managerial acumen.
“It is not a surprise that another Indian techie has made it to the top a year after Satya Nadella became Microsoft’s chief executive. They both with many others represent the best of talent, creativity and managerial ability to run global corporations,” Nasscom president R. Chandrashekhar told IANS.
In a sudden announcement at Palo Alto where Google is headquartered, Page said that former Chrome and Android head Pichai would be the new executive as he was moving out to head a new umbrella company Alphabet.
Google’s other co-founder Sergey Brin will be the president of Alphabet, floated to run its other subsidiaries such as Life Sciences and Calico.
Prime Minister Narendra Modi was the first to greet Pichai for heading one of the most valued technology firms in the world.
“Congratulations Sundar Pichai. My best wishes for the new role at Google,” Modi tweeted.
Modi is likely to meet Pichai during his visit to the Silicon Valley in September to address the Indian Diaspora, especially hundreds of Indian-born techies and entrepreneurs working in global IT firms and start-ups in the Bay area.
“We are planning to have an inter-active session between Modi and our Diaspora in the Silicon Valley where he will meet Pichai, Nadella and other Indian-born and Indian American honchos to seek their expertise in fast tracking the ‘Digital India’ and ‘Make in India’ programmes,” Chandrashekhar said.
Nadella also tweeted: “Congrats sundarpichai well deserved!”
Besides strengthening Indian and American tech partnership, elevation of Pichai and Nadella to top posts underscored the fact that India has become a storehouse of global talent in technology and management.
“Pichai, Nadella and scores of other Indians who went on to build IT products demonstrate the maturity of our IT industry, which has come of age to catch up with global peers and move up the value chain to innovation from software services and back office operations,” said Chandrashekhar.
Echoing the industry body’s view, former Infosys director and Manipal Global Education T.V. Mohandas Pai said Pichai’s rise to the top in Google was a testimony to the great global talent India had and the globalisation of Indian economy.
“With a more open economy, Indians are working at senior levels across global enterprises and are beginning to head global corporations, particularly in technology,” Pai told IANS here.
Representing the $150-billion Indian IT industry, the National Association of Software and Services Companies (Nasscom) plans to invite Pichai to India for building an ecosystem in the country to replicate its success in software services in products for serving domestic and global markets.
“It is a matter of pride to have many Indians like Pichai in top positions in the tech world, and it would be an honour to have their expertise in speeding up product development, innovation and creating new devices for global market,” Chandrashekhar added.
Lauding Pichai for becoming a chief executive of a global firm at a young age, former Infosys director and angel investor V. Balakrishnan said it was wonderful to see many Indians occupy the top posts in global corporations.
“Google is one of the most innovative organisations in the world, and Pichai is one of the most respected persons in the technology industry. His elevation to the chief executive post in Google validates once again the quality and depth of managerial talent India has,” Balakrishnan told IANS here.
