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Former bankers, bureaucrats top-earning independent directors

Former SBI chief OP Bhatt, once the least paid Fortune 500 CEO, is among the top-earners now

N Sundaresha Subramanian  |  New Delhi 

Six years ago, in an interview to the Economic Times, O P Bhatt, then the chief of the State Bank of India had lamented that he was the lowest paid chief executive officer on the Fortune 500 list. But, today he is among the country’s top-earning independent directors.

For the year ended March 2016, Bhatt earned Rs 2.91 crore from his three independent directorships. That was over 10 times what he took home in his last year as the public sector bank’s chairman. According to data from Prime Database, the top 50 independent directors earned Rs 85.81 crore in FY16, a marginal ...

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First Published: Tue, September 27 2016. 23:25 IST
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