According to the list published by Fortune and compiled by executive compensation research firm Equilar Inc, Motorola Co-CEO and CEO, Mobile Devices, Sanjay K Jha with a total annual compensation of $104.5 million for the year 2008 was ranked second in the list.
Citigroup chief executive officer Vikram S Pandit with a total compensation of $38.2 million for 2008 was ranked 14th, and Dinesh C Paliwal, Harman International Industries vice chairman, president, and CEO, with an aggregate compensation of $30.4 million, secured the 25th position.
The list was topped by Aubrey K McClendon chairman and CEO of Chesapeake Energy, whose total compensation amounted to a whopping $112.5 million.
The top five highest paid men in the world include Aubrey K McClendon of Chesapeake Energy ($112.5 million), Sanjay Jha of Motorola ($104.5 million), Lawrence Ellison of Oracle ($84.5 million), Richard Adkerson of Freeport McMoRan Copper & Gold ($72.3 million) and Bob R Simpson of XTO Energy ($53.5 million).
Interestingly, there is a huge difference between the compensation package of the highest paid men and women across the world.
While, the highest paid man is Aubrey K McClendon with a total compensation of $112.5 million for 2008, Oracle president Safra Catz, who was the highest paid woman executive, received a pay package of just $42.4 million.
"Aubrey K McClendon, the highest-paid male executive, is making more than 2-and-a-half times what Safra Catz, the highest-paid woman, is paid," Fortune said.
The chart was prepared by looking at companies with more than $1 billion in revenues.
The total compensation in this case includes annualised base salary, discretionary and performance-based bonus payouts, the grant-date fair value of new stock and option awards and other compensation. Besides, other compensation also includes severance payments.
Goldman Sachs sees rupee rising 10%
Why India Inc is both upbeat and wary
Citigroup chief economist quits
Oil IPO subscribed 30.6 times on final day
RBI may hike repo rate: Goldman Sachs