Company plans ESOP buyback at $2-bn valuation
Under James Gorman, Morgan Stanley produced net income of $11 billion, compared with $9 billion a year ago.
Singh, who completes his five-year term as managing director and CEO next month, took home a record Rs 1.8 crore in fiscal 2019-20 (April 2019 to March 2020)
The new CEO, who will join on July 6, will be one of the highest paid executives in Indian IT industry
In comparison, Infosys' CEO Salil Parekh drew a pay package of $6.15 million (around Rs 40 crore) in the last financial year, a rise of 27 per cent over the previous fiscal.
Several slash pays by up to 40% for May
Average pay, however, was up a marginal 6%; over 50 recruiters participated, 36 of whom were first time
Chief executives of FTSE-100-listed companies earn 117 times the average annual salary, the High Pay Centre and the Chartered Institute of Personnel and Development estimate
The RBI said guaranteed bonus was not consistent with sound risk management
Mid and small companies are more generous in rewarding their CEOs as compared to their larger peers
The new circular also provides for 75% consent by value for a resolution plan to be passed
Compensation of Tata Motors MD & CEO Butschek rises 14% in the same period
Like their international peers, Indian CEOs too have a significant portion of their incomes coming from stock options and performance-linked bonuses
Corporate chiefs have seen their earnings rise at an annualised 18.3% against net profit growth of 13% over the past three years, while overall salaries have gone up 10%