Ambani's salary stays Rs 15 crore for four years in a row
May 09, 2012  15:01

Peeved about a poor raise? Take a leaf out of Mukesh Ambani's book.

Ambani has decided to forgo nearly Rs 24 crore from his annual pay last fiscal as chief of Reliance Industries Ltd (RIL), keeping his salary capped at Rs 15 crore for the fourth year in a row. 

However, RIL's total outgo towards remuneration to its all top management personnel, as also the sitting fees and commissions for its non-executive directors, increased during the fiscal year ended March 31, 2012. Ambani's salary has remained unchanged at Rs 15 crore since the fiscal 2008-09.
In its latest annual report for the year 2011-12, RIL said that Ambani's total pay package stood at Rs 15 crore, as against his eligibility of Rs 38.82 crore as per the shareholders' approval.

 

And then, at Rs 15 crore per annum, we wouldn't be bothered about a raise either.

« Back to LIVE

TOP STORIES