08 April 2008

Indira Nooyi Earnings more than Warren Buffet


Indra Nooyi, the India-origin CEO of beverages major PepsiCo, earns over 81 times more than the world’s richest man Warren Buffett in terms of her annual pay packet, according to data compiled by executive search firm Equilar for the New York Times.
Ms. Nooyi received an annual compensation to the tune of US$ 14.74 million in 2007 as compared to just US$ 0.18 million drawn by Mr. Buffett 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 Citigroup, takes home a compensation of about 17 times that of Mr. Buffet. In 2007, Mr. Pandit had an annual compensation of US$ 3.16 million.

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