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India's 10 best paid CEOs!
September 16, 2008
Even as the world's financial markets go into a tailspin following Lehman Brothers going bankrupt, Merrill Lynch selling out to Bank of America, the giant American International Group tottering on the edge, and doomsayers predicting that the worst has yet to come, India too is feeling the heat like never before.
Indian markets are tanking, wiping out investor wealth to the tune of thousands of crores (billions) of rupees. And while the common man's back is broken under heavy rise in prices of commodities, cripplingly stiff interest rates, a slowing economy, a plumetting stock market, and rising joblessness, the bosses of big companies seem to be well insulated from such uncertainties. For example, the financial year 2007-08 was very fruitful for India's CEOS, with 219 more business leaders joining the crorepati (millionaire) CEO club. Here are some interesting statistics:
Thirty of the new members in the crorepati club were from newly-listed companies
Fifty-three entered the bracket by switching jobs.
The compensation package of 88 CEOs more than doubled over the previous year, although the number of those drawing Rs 10 crore (Rs 100 million)-plus salaries was unchanged at 18.
Collectively, these executives from 298 companies took home Rs 1,524 crore (Rs 15.24 billion) from salaries, commissions and perquisites (excluding stock options and deferred pay).
Here is an overview of the 10 highest paid CEOs in India. Read on. . .
Compiled by Rediff Business Desk
Image: The Indian Tricolour flies high. | Photograph: Simon Cross/Getty Images
Also read: India's most admired entrepreneurs
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