From $158 to over $113k in 15 years – scale of change in India!!

Below* is an ad for a Regional Vice President I saw in my email from my alma mater’s alumni yahoo group. Below is the profile.

… and the salary? Rs. 50,00,000 – USD 113k. Man, the things have changed! While Narayana Murthy in his address at a CII session talks about how the salaries of the CEOs in India have changed.. just look at the enormity of change!

On the Indian side, if you have analysed how salaries of CEOs have increased in 15 years, they have gone up from Rs 7,000 and Rs 10,000 to Rs 70 lakh (Rs 7 million) on an average. I am one of those who fought for this. When on board of a company, I saw to it that the CEO had a variable linked to output.

to think that from Rs. 7000 ($158) CEOs income have risen to well over Rs 50,00,000 ($113k) in just 15 years is amazing!!

* The Ad

Position Vacant Regional President
Company Name Leading Retail Store Chain.
Company Profile Leading Retail Store Chain with a established presence in
South India & expanding in the North & West.
Job Description Handling the independent P&L for 50-100 Food Retail
stores(Dept store format) with a turnover of 300-400 crores
Desired Profile Premier School MBA (88-92 passout) with background in fmcg
sales and marketing, having P&L responsibility in FMCG (Nationally) or
Telecom (Circle CEO/National Ressponsibility).
Minimum Experience 10 years

Maximum Experience 20 years

Industry Type Retailing

Functional Area Top Management