Mumbai, Sep 19: Younger Indian CEOs are leaving behind their European and American counterparts to become the highest paid executives in the global market, a report published in leading daily Times Of India said on Wednesday. With this, the new breed of CEOs was challenging, which was once an exclusive domain of top officials from foreign firms and rewriting the rules of the game.
According to the report, the average annual salary for an Indian CEO below 50 years stands at Rs 7.9 crore, which is Rs 0.3 crore and Rs 0.1 crore more than his American and Euroepan counterparts, respectively. It shows the shooting salaries of younger CEOs, particularly in firms run by promoters in India, the report said.
However, a study conducted by global recruitment firm Randstad said the overall Indian CEO salaries are much lower than their international counterparts, the report said.