Windfall commission perks up income of commodity world CEOs

CEOs of paper companies also had enjoyed a record remuneration last year as profits hit a new high and so did the commission

These chief executive officers (CEOs) from the commodity world may not be making headlines often. But the remuneration earned by each of them will leave you amazed. In most cases, there has been a sharp surge due to a much higher profit linked commission, bringing a windfall for these executives, who also happen to be promoters.

Ravi Jhunjhunwala, the chairman and managing director (CMD) of graphite manufacturer HEG, according to the firm's annual report, took home a remuneration of Rs 433.2 million last year (against just Rs 23.3 million in FY17), thanks to a commission of Rs 410 million against