Key Points
Median CEO compensation shot up to Rs 9.3 crore in fiscal 2024, 35% higher compared with pre-Covid levels of Rs 6.9 crore in FY20, the Deloitte India Executive Performance and Rewards Survey has revealed...
The average CEO compensation was Rs 13.8 crore in FY24, up 40% from Rs 9.8 crore four years earlier, because of the presence of some outliers on the higher end...
The survey covered more than 400 companies across sectors and life stages, with most having an annual turnover of Rs 1,000 crore-plus, but did not include any public sector companies...
Promoter CEO compensation has been outpacing professional CEO compensation, said Dinkar Pawan, director Deloitte India, pointing out that promoter CEOs dont have long-term incentives, but only commission pay-outs...
The wide gap between median and average CEO compensation (Rs 9.3 crore vs Rs 13.8 crore) indicates the wide range of compensation numbers and some outliers on the higher end..
