ZEE CEO Punit Goenka to take 20 per cent salary cut, says company

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Key Points

Zee Entertainment Enterprises has said that managing director and chief executive officer (CEO) Punit Goenka will take a 20 per cent cut in his remuneration...

The company's management under Goenka is implementing all measures across its verticals to "optimise costs and enhance productivity, the media conglomerate said in a regulatory filing.ka..

The ZEEL board led by R Gopalan has instituted the required measures to guide and mentor the management on a regular basis to enable the team to achieve its set goals..

The institution of the 'Independent Investigation Committee' and the 'Monthly Management Mentorship (3M) Program' are the steps taken by the Board, keeping the interest of all the shareholders of the company at the fore, it added..

Last week, ZEEL announced that it has "pruned" its Technology and Innovation Centre (TIC) staff by about 50 per cent, following the guidance of a special committee, which had conducted a critical assessment of its several business verticals, PTI reported..

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