Cairn India pays outgoing CEO bonus of Rs 2.51 cr
Cairn India’s outgoing interim CEO was paid a bonus of Rs 2.51 crore for 2013-14 but his total compensation was a third of what the firm’s last full time chief executive got. P Elango, who on May 2 resigned from the post citing “personal reasons”, was paid a salary of about Rs 2 crore and perquisites of Rs 33.56 lakh. Together with Rs 2.51 crore bonus and performance incentives and Rs 26.33 crore in retirement benefits, his total compensation in 2013-14 came to Rs 5.11 crore, according to the company’s latest annual report. Besides, he also got stock options of 46,758 shares during the year.
Read the Economic Times news report here.