Yes, he loves himself . But he loves his company’s reputation more. He expresses his fatherly responsibilities towards his company and its fellow men and reflects his desire to continue to set a personal example for moderation in managerial compensation levels.
Reliance Industries’ Chairman and MD Mukesh Ambani kept his annual salary capped at Rs 15 crore for the eighth year in a row. The salary cap continued even as all other executive directors saw their remunerations go up.
Ambani’s wife Nita Ambani, a non-executive director on the company’s board, earned Rs 6 lakh sitting fee and a commission of Rs 1.20 crore
Ambani, the richest Indian, has kept salary, perquisites and allowances and commission at Rs 15 crore since 2008-09, foregoing almost Rs 24 crore per annum.