Ambani's act of foregoing almost Rs. 24 crore gets media attention as huge pay cheques of corporate honchos have been a hot topic ever since Prime Minister Manmohan Singh raised the need “to put a cap on CEO salaries” in a gathering of business leaders in 2007. Ambani capped his annual compensation at Rs. 15 crore in financial year 2008-09.
His remuneration for 2012-13 included Rs. 4.16 crore as base salary, Rs. 60 lakh towards perquisites and allowances, Rs. 89 lakh as retiral benefits and Rs. 9.35 crore as commission. RIL’s total payments towards remuneration of its key managerial personnel also remained unchanged at Rs. 44 crore during 2012-13.
RIL’s overall staff cost at consolidated level rose substantially to Rs. 5,179 crore in 2012-13, from Rs. 3,955 crore in the preceding year.
The number of employees rose marginally from 23,166 to 23,519.