Ambani eligible for a Rs 38 crore salary

May 09, 2012 15:06

Detailing his pay package, RIL said that Ambani's "compensation has been set at Rs 15 crore as against Rs 38.82 crore that he is eligible as per the shareholders' approval, reflecting his desire to continue to set a personal example for moderation in managerial compensation levels". In the fiscal 2010-11 also, Ambani was eligible for a pay package of Rs 38.75 crore, but he took home only Rs 15 crore.

The company's total remuneration for top management personnel and commission paid to non-executive directors had declined during 2010-11, but rose again in 2011-12. The decision to cap Ambani's salary at Rs 15 crore was taken way back in October 2009, amid a raging debate onright-sizing of CEO salaries.

« Back to LIVE

TOP STORIES

Accepted defeat: Smriti Irani after Rahul ditches Amethi

Irani said that Rahul Gandhi's candidature from Raebareli is a "victory" for the people in Amethi.

Few chess moves...: Cong on Rahul's Raebareli move

'Rahul is a seasoned player of politics and chess. He makes his moves after careful consideration.

ICC Annual Rankings: India lead white-ball formats while Australia take top spot in Tests

The International Cricket Council issued the annual team rankings update on Friday, with Australia taking the top spot in Test cricket and India maintaining supremacy in both white-ball formats.

Will new symbols dent Uddhav, Sharad Pawar's chances?

Even as the two parties appeared confident that they have reached out to every voter and publicised their new symbols, experts suggested varying impact of the split and the symbols on the vote bank.

Rahul files nomination from Rae Bareli, loyalist from Amethi

Kishori Lal Sharma, a close aide of the Gandhi family, has been fielded from the Amethi Lok Sabha seat, the party said in a statement.