New Delhi: Citigroup might be the world's largest bank but its big boss Vikram Pandit has little to boast about. The Forbes list confirms he's the lowest paid CEO in the world.
Pandit finds himself at the bottom of the Forbes CEO salary list for America's 500 biggest firms.
Pepsico chief Indra Nooyi is ranked highest among the CEOs of Indian origin. She's placed 139th while Pandit is at 495.
The list, which includes at least six persons of Indian origin, has been topped by software giant Oracle's CEO Larry Ellison. The ranks are based on total compensation for latest fiscal year.
She if followed by Shantanu Narayen of software major Adobe Systems (154th), Raj L Gupta of specialty chemicals firm Rohm and Haas (399th), Surya N Mohapatra of healthcare equipment maker Quest Diagnostics (406th), Francisco D'Souza (487th) of software solutions provider Cognizant Technology, and banking firm Citigroup's CEO Vikram Pandit (495th)
Ranks are based on total compensation for the latest fiscal year, which includes salary, bonus and other compensation, like vested restricted stock grants and the value realized by exercising stock options.
The magazine said that Amazon.com chief Jeffrey Bezos has emerged as the "most valuable boss" in its annual rankings, when compared on the basis of efficiency.
The magazine said that after a "38 per cent collective pay raise in 2006, chief executives of the 500 biggest companies in the US (as measured by a composite ranking of sales, profits, assets and market value) took a pay cut of 15 per cent last year.
(with agency inputs)
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