Three Indian Americans among top drawing 200 CEOs in U.S.

Three Indian Americans among top drawing 200 CEOs in U.S.Tuesday,

April 08, 2008

New York: Three Indian Americans are among the 200 CEOs of large public companies who received an average of over $11 million compensation in 2007. Besides Indra Nooyi and Vikram Pandit, Rajiv L. Gupta of Rohm and Haas is one of them.

Gupta's package was $7.3 million, cash pay being $2.8 million, according to the CEO pay tabulated Sunday by The New York Times based on proxies filed by companies.

Muzaffarnagar-born, IIT educated, Gupta took over as chairman and CEO of the Pennsylvania-based chemicals multinational in 1999.

For Nooyi, chief of PepsiCo, the total annual package was $14.7 million, with a cash pay of $4.9 million, stock awards and option awards making up the rest.

Pandit, who took over as chief of Citigroup only in last December, received a total of $3.2 million, out of which a huge chunk of $2.9 million was in stock awards.

The highest compensation - a whopping $84 million - went to Johan Thain, chief of Merrill Lynch, while Rupert Murdoch of News Corp took home $24 million.

Steven Jobs of Apple chose to take only a token $1. Even the richest man in the world, Warren Buffett, took only $175,000 from his company, Berkshire Hathaway.

Siliconindia News Bureau. You can read more top news at http://www.siliconindia.com/

New NASSCOM Chairman - Mr Ganesh Natarajan

Ganesh Natarajan named Nasscom Chairman

Tuesday, April 08, 2008
New Delhi: The National Association of Software and Service Companies (Nasscom) has named Ganesh Natarajan, deputy chairman and managing director of Zensar, as its chairman for 2008-09.

He takes over from Lakshmi Narayan, vice-chairman of Cognizant Technology Solutions. The industry lobby also named Pramod Bhasin, president and chief executive of Genpact, as the vice-chairman.

Although Nasscom seeks to protect the interests of Indian service sector firms, notably in the IT and outsourcing businesses, its membership of around 1,200 companies includes over 200 from the U.S., Europe, Japan and China.

Announcing the Chairman and Vice Chairman for 2008-09, Som Mittal, President, NASSCOM said, "Ganesh Natarajan has been associated with NASSCOM for a number of years and has helped in setting up a several initiatives focussed on Innovation, as well as for the small and medium enterprises. An industry veteran, he is immensely respected and regarded by peers and colleagues not only for his adept leadership but also for his keen knowledge and focus on innovation. We are also delighted to welcome Pramod Bhasin as the NASSCOM Vice Chairman for 2008-09. He has been leading our BPO Forum and, we believe, with his vast experience he will add immense value to the entire industry which will bring a sharper focus on the BPO segment."

"It is an honour to be the Chairman of NASSCOM at a critical time for the industry. Creativity, community and collaboration would help sustain the growth momentum of the industry. The inherent creativity of this industry's people can be translated into commercial innovations to keep our leadership position intact and unleashing the power of community within and across industry segments will ensure that we remain buoyant in all market segments and geographies", said Dr. Ganesh Natarajan, Chairman, NASSCOM and Deputy Chairman and Managing Director, Zensar.

Pramod Bhasin, Vice Chairman NASSCOM and President & CEO, Genpact said, "As a part of the NASSCOM Leadership team, I will be focusing on leading the Indian BPO and IT industry globally and focusing on key initiatives such as education and security that are crucial for growth of the industry in the years to come."

Siliconindia News Bureau. You can read more top news at http://www.siliconindia.com/