Almost 50% of Nifty 50 CEOs, MDs earn over Rs 20 crore a year
A study by Deloitte reveals that 46% of chief executives/managing directors at Nifty-50 companies earned over Rs 20 crore in FY23, compared to 27% five years ago. The study also found that half of the promoter-incumbents earned more than Rs 20 crore in FY23, compared to 33% in FY18. The study analysed 41 of the Nifty 50 companies and found that compensation to CEOs/MDs has grown 12% annually over the last five years.
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