India CEO Pay: Local Firms Still Way Ahead Of Foreign Peers
CEOs of top Indian firms continue to earn more than their peers at leading multinational firms operating in the country and experts see limited prospects for a major change in pay structures at foreign firms, at least for now. Scrip brings you a snap-shot of CEO earnings at some leading Indian and foreign firms in 2016-17.
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Managing directors/CEOs of foreign firms in India drew higher remuneration in 2019-20 versus the previous year and overall earnings of peers at Indian firms continued to be way higher in general. CEO-to-employee pay ratios remains stark, reaching over 550 in one case.
Pharma CEOs in India took home higher remuneration in 2017-18, with experts suggesting that the upward trend isn’t entirely unexpected. The huge CEO-to-employee pay ratios – over 600 in one case – isn’t a healthy trend, though.
If you thought executives heading large pharma multinational corporations (MNCs) in India were the ones who raked in the cash, then you're not entirely wrong. But would you be surprised to learn that bosses at Indian firms, most of them part of the firm's founding family, are the ones who make the real big bucks?