is top earning woman CEO: Forbes
New York, July 29, 2008 (IANS)
PepsiCo chief Indra Nooyi has topped the list of the highest paid
female chief executives, who have collectively defied the trend
of falling CEO pay at the 500 largest US firms. Nooyi took home
$12.7 million - including $4.5 million in bonus pay - in 2007 putting
her at No. 139 out of 500 company chiefs overall, Forbes magazine
13 female chief executives in the US magazine's list saw their pay
jump an average 27 percent last year. In contrast, after clocking
a juicy 38 percent collective pay hike in 2006, CEOs of the 500
companies saw their compensation dwindle an average 15 percent in
gap in pay packet of male and the few female CEOs does persist,
however. The average take, including salary and bonuses, for all
500 CEOs was $12.8 million, double the female average of $6.5 million.
Nooyi's total compensation was just one-fourteenth that of the highest-paid
man on the list of 500 top CEOs, Oracle's Larry Ellison. He realised
$182 million from the exercise of vested stock options last year
in addition to the modest $1 million salary.
was followed on the list of highest paid female executives by Avon
Products' Andrea Jung, who banked $4.3 million in salary and bonus
and received a total compensation of $12 million, and Xerox head
Anne Mulcahy with total compensation of $11 million, Forbes said
in a report on its website.