Google’s former Chief Business Officer and Indian Cyber Technology Company Palo Alto networks new CEO Nikesh Arora has become the world’s highest salary paid Chief Executive. Nikesh Arora could become one of the highest-paid US executives after being named to lead Palo Alto Networks Inc., he will receive almost $1 Billion monthly. Nikesh’s forerunner, Mark McLaughlin, was the 15th highest-paid US. executive in 2015, according to the Bloomberg Pay Index. He’ll become vice chairman.
According to the sources Nikesh Arora’s salary will be Rs 67 million and he will receive bonuses equal to salary also he will get shares of Rs: 268 Million, which he will not be able to sell for seven years. If Arora increases Palo Alto Networks share value up to 300% in coming seven years then company will give him 442 Million extra. Moreover, Nikesh can buy Rs: 134 Million of Palo Alto Networks shares from his money and the same price shares will be given to him and Arora will not be sold for seven years.
Before that, CEO of Apple’s technology Tim Cook was the highest pay CEO in the world. His annual salary was $ 11.9 million. In the year 2014, when Nikki left Google, he was working on a salary of $ 5 million. In an interview to Business Standard, Nikesh Arora had said that many companies refused to give him a job and had to pay for the three thousand dollars he had received from home at the time of the United States.
Oh, and lest I forget: Perhaps most illustriously, Arora is a man whom Fortune once christened India’s “Elvis of business.”