India Inc is reeling under the recession but not all of it. These times of retrenchment and thin paycheques have not stopped four Indians from making it to the Forbes list of the 10 wealthiest CEOs. It's the two sides of the slowdown coin.
When Bharat Forge CMD, Baba Kalyani announced that his salary had been reduced by 20 per cent, he was trying to lead by example, an example that US President Barack Obama also wants to set with a pay cap of $ 5,00,000 on executive salaraies.
The crisis has hit home. The Labour Ministry's figures show 5 lakh job losses between October and December last year with maximum losses in the gems and jewellery sector, followed by the automobile and transport sectors, metals, and textiles.
Mukesh Ambani has climbed to third position with an estimated wealth of close to Rs 8,400 crore. Slipping by two positions at number four was steel tycoon L.N.Mittal with an estimated wealth close to Rs 6,600 core.
At sixth position was Anil Ambani with stakes in various firms at net worth of close to Rs 4,500 crore and finally in the ninth position came telecom giant Sunil Bharti Mittal at a net worth of close to Rs 3,450 crore.
Source: NDTVProfit.com
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