Business News
2 min read | Updated on June 27, 2024, 18:25 IST
SUMMARY
The CEO of Palo Alto Networks, Nikesh Arora, beat two notable India-origin chief executives, Sundar Pichai and Satya Nadella, to become one of the highest-paid CEOs in the US.
Nikesh Arora is the Chairman and CEO of the American cybersecurity firm Palo Alto Networks.
Nikesh Arora, the Chairman and CEO of the American cybersecurity firm Palo Alto Networks, is the only Indian-American to be mentioned among the top 10 highest-paid CEOs in the United States.
Arora was ranked 10th on the list, pursuant to a report released by data analytics firm C-Suite Comp.
The firm published two lists of the highest-paid CEOs on Monday. They were based on two criterias – “total compensation actually paid” and “total compensation granted” in 2023. Neither Sundar Pichai, the Indian-origin executive officer of Google, nor Satya Nadella, the CEO of Microsoft, were named in either of the list.
In contrast, Nikesh Arora made it onto both the lists. He ranked tenth on the “2024 top 10 US-based CEOs Compensation Actually Paid (CAP)” list with earnings of about $266 million. He was number 4 on the list of “top 10 US-based CEOs Total Compensation Granted” with an income of approximately $151 million.
Elon Musk -Tesla- $1.4 billion
Alexander Karp -Palantir Technology Inc. - $1.1 billion
Hock E. Tan -Broadcom Inc.- $767.7 million
Brian Armstrong -Coinbase Global, Inc.- $680.9 million
Safra A. Catz -Oracle Corp- $304.1 million
Brian Chesky- Airbnb Inc.- $303.5 million
Jon Winkelried -Tpg Inc.- $295.1 million
Jeff T. Green -Trade Desk Inc.- $291.7 million
Adam Foroughi - Applovin Corp.- $271.3 million
Nikesh Arora -Palo Alto Inc.- $266.4 million
Elon Musk, the CEO of Tesla Inc. ranked at the top of the list, with his income coming up to $1.4 billion, the highest among the executives of Silicon Valley.
Nikesh Arora has been the CEO and Chairman of Palo Alto Inc. since June 2018, prior to which he served as the president and CEO of SoftBank Group Corp. He has had a decade-long career and several positions under his belt at Google, preceding which he was the chief marketing officer at T-Mobile.
Arora was born to an Indian Air Force officer, and completed his schooling at Air Force Public School in Delhi, reports say.
He pursued a Bachelor's degree in Electrical Engineering from the Indian Institute of Technology at Banaras Hindu University (IIT-BHU). He went on to do an MBA degree in Marketing from Northeastern University, and an MSc in Finance from Boston College, as per his LinkedIn profile.
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