Mukesh Ambani, the chairman of Reliance Industries (RIL), has opted for zero salary for the third consecutive year. This means that he has not received any salary, allowances, perquisites, retiral benefits, commission, or stock options from RIL since FY21.
Ambani's decision to forego his salary is a gesture of goodwill and a way to show solidarity with the company's employees and other stakeholders. It is also a reflection of his personal philosophy of moderation in managerial compensation levels.
In FY21, Ambani's decision to forego his salary was made in light of the COVID-19 pandemic, which had a significant impact on the Indian economy. In the subsequent years, he has continued to forego his salary as a way to support the company's long-term growth and sustainability.
Ambani's decision to forego his salary is a rare gesture in the corporate world, where top executives often receive very high salaries. However, it is a gesture that is becoming increasingly common, as more and more companies are looking for ways to reduce costs and show solidarity with their employees.
Here are some of the reasons why Ambani has opted for zero salary:
- To show solidarity with the company's employees and other stakeholders.
- To reflect his personal philosophy of moderation in managerial compensation levels.
- To support the company's long-term growth and sustainability.
Ambani's decision to forego his salary is a commendable gesture that shows his commitment to the company and its stakeholders. It is also a reminder that even the richest people in the world can make a difference by choosing to live simply and modestly.
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