Indian Scientist hired out of India for USD280,000PA by SEAGATE Technology
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Posted on: 09-03-10 12:11:44
Indians TECHNOLOGISTS are Creating History.
http://economictimes.indiatimes.com/news/news-by-industry/jobs/280000-a-year-job-offer-for-Chennai-patent-holder/articleshow/5663283.cms
$280,000 a year job offer for Chennai patent holder
9 Mar 2010, 1603 hrs IST, IANS
CHENNAI: Downturn or upturn, US corporations pick the best of young Indians. R. Shivaraman, a nanotechnology research scholar here, has been hired
by hardware manufacturer Seagate Technology at an annual pay packet of $280,000 (Rs.1.4 crore).
Shivaraman holds an Indian patent jointly with C. Gopalakrishnan, who like him is also with the Nanotechnology Research Centre at the SRM University, for an innovation that enables a 
hard drive to hold a large amount of data - 30 terabyte (TB) - as against the current storage capacity of 500 gigabyte.
Patent under the US law is awaited,Shivaraman told IANS, talking about his innovative polymer templated lithography process which allows fabrication of patterned magnetic media with density of around 30 TB.
According to him, the technology for ultra-high data storage is already available and his innovation scores over others in the time taken to fabricate the hard drives.
I brought an engineering solution to the problem. Using our technology one can make eight hard drives in a minute, he said.
Shivaraman plans to join Seagate in December by which time he will get his doctorate in nanotechnology
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Sunny Leone a true Canadian DESI now back in India !.
OMG !.
Heavens Gates have opened up on IIM's in India.
I heard recently on local FM station in GTA that nearly 20% of students coming from Punjab, India are returning back to India from Canada as they are finding better opportunities in India. Hope this statistics means something.
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http://timesofindia.indiatimes.com/city/kolkata-/IIM-C-grad-bags-Rs-16cr-offer/articleshow/5665342.cms
IIM-C grad bags Rs 1.6cr offer
Somdatta Basu, TNN, Mar 10, 2010, 02.39am IST
KOLKATA: Indian Institute of Management-Calcutta (IIM-C) has turned out to be the first choice of recruiters with the best pay packets in this year's campus placements.
One of its students has bagged a record $350,000 (Rs 1.6 crore) offer from a global investment bank based in South East Asia and two more have been offered packages of over Rs 1 crore.
What's more, IIM-C got 91 slot-zero offers (when the largest firms give out the best salaries). That's the highest among all IIMs on Day 1 and 2, say sources. IIM-Bangalore, the second best, is way behind with 64 offers, and IIM-Ahmedabad students got 50 offers during the first two days of placements based on the newly introduced 'cohort system'. These figures exclude pre-placement offers.
The three in the crore-plus bracket will join as associates of investment banks in London and Singapore.
There were initial hints that IIM-Ahmedabad had bagged the highest offer of Rs 1.44 crore while IIM-Bangalore's best pay packet was Rs 1.14 crore this year. Later, sources in IIM-C confirmed that one of its students has bagged the highest offer — a staggering Rs 1.6 crore a year. The highest domestic package bagged by an IIM-C student is more than Rs 60 lakh annually for an I-bank's Mumbai office.
Officials, however, refused to confirm the figures or reveal the names of the students.
The IIM-C placement process kicked off on Saturday, with financial bigwigs and global consulting firms opening the account. UBS, the Swiss investment bank, hired exclusively from IIM-C. Temasek Holdings, the investment arm of the Singapore government, drew the largest number of its recruits from IIM-C compared to other B-schools in the country. So did Oliver Wyman, a US-based consulting firm, which hired IIM-C students for its offices in New York, London, Singapore and Dubai.
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Sunny Leone a true Canadian DESI now back in India !.
Kaboommmmmmmmmm!.
http://economictimes.indiatimes.com/news/news-by-company/corporate-trends/India-born-Sanjay-Jha-top-paid-CEO-in-US-Survey/articleshow/5661495.cms
India-born Sanjay Jha top paid CEO in US: Survey
10 Mar 2010, 0100 hrs IST, PTI
Mobile phone maker Motorola's India-born chief Sanjay Jha has emerged America's top paid CEO, while Citigroup's Vikram Pandit tops the
league among bailed out banks, a survey said.
Another Indian on the list is PepsiCo's Indra Nooyi at the 36th slot with a pay package of USD 13.98 million.
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.
In the overall ranking, compiled by the Wall Street Journal, Citigroup CEO Vikram Pandit comes at the fourth position with a payout of USD 38.2 million. Besides, Pandit is the highest paid CEO for bailed out banks in the US, a newspaper report said.
The WSJ CEO Compensation Study was conducted by management consulting firm Hay Group and based on an analysis of CEO pay of the first 200 US companies with fiscal year 2008 revenue of at least USD 5 billion that filed their proxy statements between October 2008 and March 2009. WSJ said the study would be updated as companies file new proxies.
Among the bailed out banks, Pandit is followed by JP Morgan Chase's James Dimon (USD 20.9 million) and Wells Fargo's John Stumpf (USD 8.8 million) at the second and third spots, respectively.
Bank of America's Kenneth Lewis was paid USD 1.5 million. John Mack of Morgan Stanley got USD 0.8 million and Lloyd Blankfein of Goldman Sachs received a total compensation of USD 0.6 million.
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.
Including the awarded value of stock, stock options and other long-term incentives, total direct compensation for chiefs slipped 3.4 per cent to a median of USD 7.6 million, the Wall Street Journal said in an accompanying report.
In the wake of the financial meltdown, huge executive compensations at American companies had come in for severe criticism from different quarters.
The payouts for chief executives dropped sharply at banks and brokerages.
The survey noted that median annual cash compensation for CEOs in the financial industry fell 43 per cent, to USD 9,76,000. Total direct compensation fell 14.2 per cent, to a median USD 7.6 million
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Sunny Leone a true Canadian DESI now back in India !.
Quote:
Originally posted by Vandematram
Indians TECHNOLOGISTS are Creating History.
http://economictimes.indiatimes.com/news/news-by-industry/jobs/280000-a-year-job-offer-for-Chennai-patent-holder/articleshow/5663283.cms
$280,000 a year job offer for Chennai patent holder
9 Mar 2010, 1603 hrs IST, IANS
CHENNAI: Downturn or upturn, US corporations pick the best of young Indians. R. Shivaraman, a nanotechnology research scholar here, has been hired
by hardware manufacturer Seagate Technology at an annual pay packet of $280,000 (Rs.1.4 crore).
Patent under the US law is awaited,Shivaraman told IANS, talking about his innovative polymer templated lithography process which allows fabrication of patterned magnetic media with density of around 30 TB.
According to him, the technology for ultra-high data storage is already available and his innovation scores over others in the time taken to fabricate the hard drives.
I brought an engineering solution to the problem. Using our technology one can make eight hard drives in a minute, he said.
Shivaraman plans to join Seagate in December by which time he will get his doctorate in nanotechnology
The founder of Seagate Al Shugart also started this way. Having worked at IBM data storage division, he started this company. Difference is he believed in his technology and most importantly in himself. He almost went into bankrupty building this company but that was history. At Seagate, it is not uncommon to see so many scientists as I noticed and $280k is not at all a big deal for Seagate. How Seagate uses him will be interesting.
The question is, why R. Shivaraman would like to work for Seagate instead of building his own company. Well, not everybody is Al Shugart I guess. There is nothing great in him working for Seagate; I rather appreciate if he takes some inspiration from Al Shugart.
