Mukesh Ambani keeps salary unchanged for ninth consecutive year
Jun 28, 2017, 18:11 IST
Mukesh Ambani, the richest Indian and Chairman-Managing Director of Reliance Industries has not upped his salary in the last nine years, taking home Rs 15 crore per annum.
He did not even take stock options like other board directors.
By not changing his salary, perquisites and allowances and commission capped since 2008-09, Ambani has given up almost Rs 24 crore per annum.
"The chairman and managing director's compensation has been set at Rs 15 crore as against Rs 38.75 crore as approved, reflecting his desire to continue to set a personal example for moderation in managerial compensation levels," said the 2016-17annual report of RIL.
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He did not even take stock options like other board directors.
By not changing his salary, perquisites and allowances and commission capped since 2008-09, Ambani has given up almost Rs 24 crore per annum.
"The chairman and managing director's compensation has been set at Rs 15 crore as against Rs 38.75 crore as approved, reflecting his desire to continue to set a personal example for moderation in managerial compensation levels," said the 2016-17annual report of RIL.
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