Tech & Biz

Nooyi top-paid female CEO in US: Forbes

by Sanjay Jha | July 29, 2008 at 03:23 am

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According to Frobes, Indian origin chief of PespsiCo Indira Nooyi is the top paid female CEO in USA. With a US $ 12.7 million pay packet Nooyi is the highest salary earner female in the USA. Although her over all ranking in the CEO pay is at 139 among the top 500 companies. But in this man dominated world her salaray is one fourteenth of the highest paid male CEO of Oracle.

CEOs heading America's 500 largest firms have taken a beating on their paychecks for the first time in five years, but the 13 female members of this elite club, headed by India-born chief of PepsiCo Indra Nooyi, have a reason to smile with a trend-defying hike.

According to the data compiled by US business magazine Forbes, CEOs of the 500 largest companies in US saw their compensation dwindle by an average 15 per cent in 2007, but the 13 female CEOs saw their pay jump by an average 27 per cent.
But despite the hike, the average salary of female CEOs is still just about half of the overall average.
"The average take, including salary and bonuses, for all 500 CEOs was USD 12.8 million double the female average of USD 6.5 million," Forbes said.
The fall in the total CEO compensation for these firms is the first since 2002 and comes after a "juicy 38 per cent collective pay increase in 2006," Forbes said.