Sanjay Jha is top paid CEO
Jeff Eubank, Sr. Vice President, New York Stock Exchange, hosted a special function in honor of Indian Consul General Prabhu Dayal on March 30, 2009. During the event, the Consul General was introduced to several leading officials of this prestigious organization. A briefing on the Indian companies listed on the NYSE was given to the Consul General. Mr. Eubank also took the Consul General on a tour of the NYSE including the important Trading Floor, where various brokers and others dealing with Indian companies were introduced to Prabhu Dayal. Eubank also hosted a lunch in honor of Consul General.
Mobile phone maker Motorola’s India-born chief Sanjay Jha has emerged as before as America’s top paid CEO, while Citigroup’s Vikram Pandit and PepsiCo’s Indra Nooyi at the 36th slot with a pay package of USD 13.98 million are some of the other top paid CEOs in the United States, according to survey.
With a total payout of over USD 104 million in 2008, Jha is the only CEO to get a compensation package exceeding USD 100 million with Occidental’s Ray Irani at a distant second with USD 49.9 million. Irani is followed by Walt Disney’s Robert Iger (USD 49.7 million) at the third slot.
Dr. Jha joined Motorola in 2008 and serves as co-chief executive officer of Motorola, Inc. and chief executive officer of Motorola’s Mobile Devices business. He is also a member of Motorola’s Board of Directors.
Prior to joining Motorola, Jha served as chief operating officer of Qualcomm Incorporated where he oversaw Corporate Research and Development and Qualcomm Flarion Technologies (QFT). Jha also served as president of Qualcomm CDMA Technologies (QCT), Qualcomm’s chipset and software division.
Jha began his career at Qualcomm in 1994 as a senior engineer with the Qualcomm VLSI (very large-scale integration) group working on the Globalstar satellite phone, and later on the first 13k vocoder ASIC (application-specific integrated circuit). In 1997, Jha was promoted to vice president of engineering, where he was responsible for leading the integrated-circuit engineering group. He led and oversaw the development of five generations of modem and cell site chipsets, both digital baseband and RF (radio frequency), and system software. Jha was promoted to senior vice president of engineering in 1998.
In 2002, Jha led the formation of Qualcomm Technologies & Ventures, where he managed both the technology investment portfolio and the new technology group as senior vice president and general manager. Jha became executive vice president of Qualcomm and president of QCT in 2003. He was named COO in December 2006.
Prior to joining Qualcomm, Jha held lead design engineering roles with Brooktree Corporation in San Diego, and GEC Hirst Research Labs in London, England. Jha holds a Ph.D. in electronic and electrical engineering from the University of Strathclyde, Scotland. He received his bachelor’s of science degree in engineering from the University of Liverpool, England.
The survey showed that overall, the median chief executive salary and bonus paid last year by 200 big American companies declined 8.5 per cent to USD 2.24 million, as profits and stock prices were hit by recession.
First South Indian temple in Edison, NJ
rishna congregated here on April 4 to celebrate the daylong seventh anniversary celebration of Shree Krishna Vrundavana, the first South Indian Hindu temple in town. “What’s truly remarkable this time is that these celebrations were held for the first time at the newly acquired 3.5-acre location here in South Edison,” said Yogeendra Bhat, chief priest at the temple.
Shri Sugunendra Theertha Swamiji from Udupi, Karnataka who belongs to the Dwaita philosophy of Shri Madhvacharya, established “Shree Krishna Vrundavana” in December 2001, which boasts of the highest concentration of Indian Americans in the United States. Over the past six years, all events were held at different Hindu temples including at Dwarkadish temple in Parlin, NJ.
Earlier this year, Krishna Vrundavana bought out a sprawling Greek church in South Edison area by paying five million dollars. Spread over 3.5 acres, the temple has a built up area of more than 15,000 square foot including a prayer hall; priest quarters and multi-purpose community hall.
“We have the permission to hold any type of religious or cultural activity within the temple premises,” said Bhat. The temple authorities plan to soon start classes for young and adults interested in learning Indian languages including Sanskrit, Vedanta philosophy, music and devotional songs.
The learned priests offer all types of religious and astrological services at the temple premises or at the devotees’ locations.
“The long felt desire of the devotees and volunteers of Lord Krishna has borne fruit today,” said Bhat in his address to the packed hall of elated volunteers and devotees. Sacred Hindu hymns and chants reverberated the hall throughout the day. Free (Prasada) food was offered to all visitors, as is usually done every day for lunch and dinner.
BY VRN
