Paid Like A Boss: ITC, GCPL Top Bosses Earn 400 Times More Than Their Employees
1/10
It Pays To Be The Boss
By Masoom Gupte
It’s all in the numbers. Have a look at the compensation packages of top executives compared to employees down the rank.If you ever wished to know how your pay compares with that of the boss, all you must look for is a tiny data point in the annual report: ratio of remuneration to median remuneration of all employees.
Median remuneration basically means that half the employees in the organisation make less than the amount, while the remainder half makes more.
Earlier this year, a new Securities and Exchange Commission rule mandated that publicly traded companies disclose how their heads were compensated in comparison with their employees, through pay ratios.
Similar ratios are already being provided by Indian companies in their annual reports. A look at what some of India’s highest-paid business leaders make and how that compares with the median remuneration.
In Pic: On the left is YC Deveshwar, and on the right is Vivek Gambhir.
It’s all in the numbers. Have a look at the compensation packages of top executives compared to employees down the rank.If you ever wished to know how your pay compares with that of the boss, all you must look for is a tiny data point in the annual report: ratio of remuneration to median remuneration of all employees.
Median remuneration basically means that half the employees in the organisation make less than the amount, while the remainder half makes more.
Earlier this year, a new Securities and Exchange Commission rule mandated that publicly traded companies disclose how their heads were compensated in comparison with their employees, through pay ratios.
Similar ratios are already being provided by Indian companies in their annual reports. A look at what some of India’s highest-paid business leaders make and how that compares with the median remuneration.
In Pic: On the left is YC Deveshwar, and on the right is Vivek Gambhir.
2/10
Vivek Gambhir, MD, GCPL
Total compensation reported: Rs 19.69 crore (FY18)
Pay ratio: 438.53
Pay ratio: 438.53
3/10
Abidali Neemuchwala, CEO, Wipro
Total compensation reported: Rs 18.23 crore (FY18)
Pay ratio: 337.59
Pay ratio: 337.59
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4/10
Gopal Vittal, MD, Bharti Airtel
Total compensation reported: Rs 12.64 crore (FY18)Pay ratio: 147.58
5/10
Suresh Narayanan, MD, Nestle India
Total compensation reported: Rs 9.96 crore (FY17)
Pay ratio: 103
Pay ratio: 103
6/10
YC Deveshwar, Chairman, ITC
Total compensation reported: Rs 29.85 crore (FY18)
Pay ratio: 453
Pay ratio: 453
7/10
Sanjiv Mehta, MD, Hindustan Unilever
Total compensation reported: Rs 19.37 crore (FY18)
Pay ratio: 170.01
Pay ratio: 170.01
8/10
Guenter Butschek, CEO, Tata Motors
Total compensation reported: Rs 22.55 crore (FY17)
Pay ratio: 338.61
Pay ratio: 338.61
9/10
Rajesh Gopinathan, MD, TCS
Total compensation reported: Rs 12.49 crore (FY18)
Pay ratio: 211.99
Pay ratio: 211.99
10/10
Keki Mistry, MD, HDFC
Total compensation reported: Rs 11.93 crore (FY18)
Pay ratio: 102
Pay ratio: 102
