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All work and no pay for these Indian promoters

Around 300 promoters serve their company boards for free

N Sundaresha Subramanian  |  New Delhi 

In 1997, Steve Jobs returned to the helm of Apple after a gap of 12 years. For the next 14 years till he retired, he drew an annual salary of $1. He let the 5.5-million Apple shares do the earning for him. And, they didn't disappoint going up about a hundred times, when Jobs went about changing the world. There are several promoters serving on the boards of their Indian companies, who don't draw any remuneration at all from their companies. This is despite the fact that many of them have executive roles. The numbers offer a contrast to growing discontent over increasing levels of ...

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First Published: Tue, October 18 2016. 22:41 IST
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