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Ram Mynampati got more salary than Raju, directors!
January 12, 2009 11:40 IST
At the same time, its independent directors, many of whom have quit Satyam board after the Maytas fiasco on December 16, got at least Rs 1 lakh a month as commission and sitting fees.
Mynampati, who is now being questioned by the team of market regulator SEBI, got a total package of over Rs 3.5 crore (Rs 35 million) during the year ended March 2008, while founder and Chairman had to contend with just about one fifth.
What is surprising is the difference between the package of Mynampati and all the others put together is about Rs 1 crore (Rs 10 million), almost the same that the second best package that was given to independent Satyam director Krisha G Palepu.
After Mynampati and Palepu, the package for Ramalinga Raju totals Rs 60.4 lakh, followed by his brother Rama Raju at Rs 44.07 lakh. The company paid a total of Rs 1.56 crores to its seven non-executive directors.
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