20 March 2017 Current Affairs: An Indian-American CEO, Sandeep Matharani, has been ranked 4th on a list of top 25 overpaid CEOs in the United States, as per the report by US based NGO ‘As You Sow’.
Sandeep Matharani, CEO of General Growth Properties, Chicago was paid a total compensation of USD 39.2 million in 2016. According to the report, he was overpaid by USD 26 million.
The list was topped by Leslie Moonves, CEO of CBS. Moonves earned compensation worth USD 56.7 million in 2016.
Marc Benioff of Salesforce ranked second on the list with a total compensation of USD 33.4 million.
Discovery Communications David Zaslav was placed third with a compensation of USD 32.4 million.
Among the top 25 overpaid CEOs on the list, 15 were appearing on it for a second time and 10 of them were listed for the third time.
As You Sow is a non-profit organisation that promotes environmental and social corporate responsibility and takes a close look at CEO’s pay.