Business: Here's what top Indian CEOs earn

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posted by piyush 1821 days ago

Sunil Mittal, the new president of the Confederation of Indian Industry, can stand up to the prime minister's tirade on CEO compensation, as he has done, because his numbers back him. Bharti Airtel, the telecom service provider he controls and manages, delivered over 100 per cent rise in profit in the last financial year. Its shareholders are unlikely to grudge him the 78 per cent hike in salary for 2005-06. However, if you look elsewhere, the story -- to borrow from Carroll's Alice -- gets curiouser and curiouser. Rajiv Bajaj is the managing director of Bajaj Auto and chairman Rahul Bajaj's son. He is credited with reinventing and reviving the company. Fittingly, he received a 362 per cent rise in salary to take it to a little over Rs 2 crore (Rs 20 million) for 2005-06.
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