Ex-TV scribe, legal hawk part of panel which fixes Siddhartha Lal's pay

Eicher's Lal earns 300 times more than median for an Eicher employee

One of India’s most valuable stocks on the bourses is facing the heat from its own shareholders. Stock exchange filings show that 27 per cent of institutional shareholders rejected the proposal to re-appoint Siddhartha Lal as managing director of Eicher. The company, which manufactures the Enfield brand of motorcycles and is known for its iconic Bullet range of bikes, had hiked Lal’s compensation to Rs 21.2 crore per annum. That’s a jump of 130 per cent of what the scion of the family that owns Eicher earned in 2016-17. The proposal, now nixed by shareholders, was to increase Lal's compensation