New generation Indian CEO’s paid highest in the world

Photo@business.rediff.com

The rules have changed. What was formerly a prerogative in the West is now the norm in the East. Younger Indian CEOs are increasingly overtaking American and European organization heads to lead as the highest paid in the world. The average annual salary for an Indian CEO below the age of 50 is about Rs 7.9 crore while those in America earn around Rs 7.3 crore. European company heads come a close second at Rs 7.8 crore.
“The younger CEOs are compensated better because of a higher concentration of first generation promoters passing on the CEO mantle to their heirs and family members” says Balaji E, MD &CEO, Ranstad India. Indian CEOs from the manufacturing segment earn the highest at Rs 8.7 crore while those from consumer goods follow next at an average salary of Rs 5.6 crore. However, private sector executive heads are compensated 21 times higher and enjoy more benefits than public sectors heads who average at about just 0.3 crore.
However, professional CEOs earn significantly lesser than their promoter counterparts and on fall way behind America and Europe. Across India, promoter CEOs earn 53% higher than professional CEOs, the study revealed.

                                                                         (Based on Indiabusiness.com)