From the
Economic Times of India, a look at pay that is obscenely high relative to the company's earnings:
At a time when astronomical CEO compensation has come under scrutiny globally, a section of India Inc seems to believe that even sky isn’t the limit. A number of corporate honchos take home salaries disproportionate to the profits their respective companies generate.
In some cases, it is as high as 25% of the net profit. ETIG studied the compensation of top executives of public companies to draw up a list of obscenely paid execs.
Future Capital chief executive officer Sameer Sain tops the list with a compensation that is 24.3% of his company’s net profit. IL&FS Investsmart CEO James Whiteford and Bayer CropScience MD Stephen Gerlich grossed more than 10% of the net profit of the respective firms.