BOSTON— Indra Nooyi, former Chief Executive Officer of PepsiCo, and Microsoft CEO Satya Nadella are the two highest paid Indian-American executives of public companies in the United States, earning $25.9 million and $25.84 million, respectively, according to a report released by the IndUS Business Journal.

“When we began our research, our goal was to compile a list of highest paid Indian American executives with $1 million plus annual compensation. As the research progressed, we made $5 million cut off point, and still the number reached over 50,” said Upendra Mishra, publisher of IndUS Business Journal and its sister publications INDIA New England News and the Boston Real Estate Times. “The list includes only two women: PepsiCo’s Nooyi with $25.9 million and Sona Chawla, president and chief operating officer KOHL’S Corp with $8.71 million.”

Google CEO Sundar Pichai missed this year’s top list as he made only $1.3 million.

Indra Nooyi (World Economic Forum/Flicker)

The list is based on the total compensation in 2017, including base salary, bonus, incentives and stock award value. The report is compiled based on public documents filed with the Securities and Exchange Commission, public records and news reports.

Here is the list ranked by total compensation in 2017 (based on latest information available):

Rank: 1

Name: Indra K. Nooyi

Title: Former President/CEO

Company: Pepsi-Cola

Total Compensation: $25.9 million

Rank: 2

Name: Satya Nadella

Title: CEO

Company: Microsoft

Total Compensation: $25.84 million

Rank: 3

Name: Shantanu Narayen

Title: President/CEO

Company: Adobe Systems

Total Compensation: $21.93 million

Rank: 4

Name: Ajay Banga

Title: President/CEO

Company: Master Card

Total Compensation: $18.68 million

Rank: 5

Name: Bob Patel

Title: CEO

Company: Lyondellbasell Industries

Total Compensation: $17.6 million

Rank: 6

Name: Amar Hanspal

Title: Former Co-CEO

Company: Autodesk

Total Compensation: $15.64 million

Rank: 7

Name: Deepak Ahuja

Title: Chief Financial Officer

Company: Tesla Motors

Total Compensation: $15.5 million

Rank: 8

Name: Kevin Lobo-

Title: President/CEO

Total Compensation: $14.0 million

Rank: 9

Name: Venkata Murthy Renduchintala

Company: Intel

Title: Group President

Total Compensation: $13.82 million

Rank: 10

Name: Dinesh C. Paliwal

Title: Chairman, President and CEO

Company: Harman International Industries

Total Compensation: $13.1 million

Rank: 11

Name: Rajnish Verma

Title: President/CEO

Company: Hortonworks

Total Compensation: $12.69 million

Rank: 12

Name: Francisco D’Souza

Title: CEO

Company: Cognizant Technology Solutions

Total Compensation: $12.5 million

Rank: 13

Name: Siddartha Sankaran

Title: Executive Vice President and CFO

Company: American International Group

Total Compensation: $11.92 million

Rank: 14

Name: Ashok Vemuri

Title: CEO

Company: Conduent Inc

Total Compensation: $11.8 million

Rank: 15

Name: Krishna Shivram

Title: Executive Vice President and CFO

Company: Weatherford International

Total Compensation: $11.4 million

Rank: 16

Name: Sandeep Mathrani

Title: CEO

Company: Brookfield Property

Total Compensation: $11.33 million

Rank: 17

Name: Ajei  S. Gopal

Title: CEO

Company: Ansys Inc.

Total Compensation: $10.3 million

Rank: 18

Name: Ashish Bhutani

Title: CEO

Company: Lazard Asset Management

Total Compensation: $10.1 million

Rank: 19

Name: Rajat Taneja

Title: Executive Vice President

Company: Visa

Total Compensation: $9.71 million

Rank: 20

Name: Balu Balakrishnan

Title: President/CEO

Company: Power Integration Inc.

Total Compensation: $9.6 million

Rank: 21

Name: Raghu Raghuram

Title: Chief Operating Officer

Company: VM Warwe

Total Compensation: $9.6 million

Rank: 22

Name: Micky Pant

Title: CEO

Company: YUM Restaurants at YUM BRANDS

Total Compensation: $9.51 million

Rank: 23

Name: Aneel Bhusri

Title: CEO

Company: Workday Inc

Total Compensation: $9.1 million

Rank: 24

Name: Sanjay Poonen

Title: Chief Operationg Officer, Customer Operations

Company: VM Ware

Total Compensation: $8.9 million

Rank: 25

Name: Rajesh C. Shrotriya

Titlte: CEO

Company: Specturm Pharmaceuticals

Total Compensation: $8.89 million

Rank: 26

Name: Naveen Chopra

Title: CEO

Company: Pandora

Total Compensation: $8.84 million

Rank: 27

Name:  Francis A. deSouza

Titlte: President/CEO

Company:  Illumina Inc.

Total Compensation: $8.8million

Rank: 28

Name: Bikash Koley

Title: Executive Vice President/CTO

Company: Juniper Networks

Total Compensation: $8.8 million

Rank: 29

Name: Rajiv Malik

Title: President

Company: Mylan Inc.

Total Compensation: $8.74 million

Rank: 30

Name:  Sona Chawla

Title: President and  Chief Operating Officer

Company: KOHL’S Corp.

Total Compensation: $8.71 million

Rank: 31

Name: Namal Nawana

Title: CEO

Company: Alere Inc.

Total Compensation: $8.57 million

Rank: 32

Name: Vasant M. Prabhu

Title: Executive Vice President and CFO

Company: Visa

Total Compensation: $8.49 million

Rank: 33

Name: Rajeev Mehta

Title: President

Company: Cognizant Technology Solutions

Total Compensation: $8.45 million

Rank: 34

Name: Syed B. Ali

Title: CEO

Company: Cavium

Total Compensation: $8.11 million

Rank: 35

Name: Sachin Lawrence

Title: CEO

Company: Visteon Corp.

Total Compensation: $8.04 million

Rank: 36

Name: Aamir Hussain

Title: Executive Vice President

Company: Century Link

Total Compensation: $8.01 million

Rank: 37

Name: Jay Sindhu

Title: CEO

Company: Customers Bancorp Inc.

Total Compensation: $8.0 million

Rank: 38

Name: Sumedh S. Thakar

Title: Chief Product Officer

Company: Qaulys Inc.

Total Compensation: $7.83 million

Rank: 39

Name: Maneesh K. Arora

Title: Former Senior Vice President/COO

Company: Exact Sciences Corp.

Total Compensation: $7.44 million

Rank: 40

Name: Suresh Vasudevan

Title: CEO

Company: Nimble Storage

Total Compensation: $7.15 million

Rank: 41

Name: Deepak Chopra

Title: President/CEO

Company: OSI Systems

Total Compensation: $6.8 million

Rank: 42

Name: Himanshu A. Patel

Title: Executive Vice President/CFP

Company: First Data Corp.

Total Compensation: $6.8 million

Rank: 43

Name: Dheeraj Pandey

Title: CEO

Company: Nutanix Inc.

Total Compensation: $6.7 million

Rank: 44

Name: Sanjiv Chadha

Title: CEO

Company: Pepsico

Total Compensation: $6.7 million

Rank: 45

Name: Krishna Mikkilineni

Title: Executive Vice President

Company: Honeywell International

Total Compensation: $6.6 million

Rank: 46

Name:  Sunny S. Sanyal

Title: President/CEO

Company: Varex Imaging Corp.

Total Compensation: $6.56 million

Rank: 47

Name: Mohan R. Maheswarran

Title: CEO

Company:  Semtech Corp

Total Compensation: $6.46 million

Rank 48

Name: Ajita G. Rajendra

Title: Executive Chairman

Company: A.O. Smith Corp.

Total Compensation $6.33 million

Rank 49

Name: Rajeev Gautam

Title: President/CEO

Company: Honeywell International

Total Compensation: $6.09 million

Rank: 50

Name:  Surendra Babu Mandava

Title: Senior Vice President

Company: Cadence Design Systems

Total Compensation: $6.02 million

Rank: 51

Name: N.P. Narvekar

Title: CEO

Company: Harvard Management Company

Total Compensation: $6.0 million

Rank: 52

Name: Harpal S. Gill

Title: President/COO

Company: Fabrinet USA

Total Compensation: $5.9 million

Rank: 53

Name: Rakesh Sachdev

Title: CEO

Company: Platform Specialty Products

Total Compensation: $5.89 million

Rank: 54

Name: Akhil Johri

Title: Executive Vice President

Company:  United Technologies Corp.

Total Compensation: $5.87 million

Rank: 55

Name: Sudhir Agrawal

Title: President of Research

Company: Idera Pharmecuticals

Total Compensation: $5.16 million

Rank: 56

Name: Sanjiv Yajnik

Title: Finance President

Company: Capital One

Total Compensation: $5.1 million

Rank: 57

Name: Sujal Shah

Title: President/CEO

Company: Cymabay Therapeutics

Total Compensation: $5.04 million

Rank: 58

Name: Anirudh Devgan

Title: President

Company: Cadence Design Systems Inc.

Total Compensation: $5.03

Rank: 59

Name: Sunit S. Patel

Title: Executive Vice President/CFO

Company:  Level 3 Communications

Total Compensation: $5.02 million.

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