The sacrifices a millionaire makes

[hinduwoman]

I can hardly imagine how the poor man is living on such a meagre salary --

Reliance Industries chairman Mukesh Ambani kept his annual salary capped at Rs 15 crore for the sixth year in a row even as the remuneration of key executives went up.

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.

"The chairman and managing director's compensation has been set at Rs 15 crore as against Rs 38.86 crore as per shareholders' approval, reflecting his desire to continue to set a personal example for moderation in managerial compensation levels," RIL said in its annual report for the financial year ended March 31, 2014.
...
Ambani voluntarily capped his compensation at Rs 15 crore in October 2009 amid a debate over right-sizing of CEO salaries.

While Ambani's salary remained capped, his key executives including oil and gas head P M S Prasad and refinery chief Pawan Kumar Kapil saw increases in compensation.

Prasad's annual package went up to Rs 6.03 crore from Rs 5.47 crore in 2012-13 after getting a higher performance-linked incentive of Rs 3.67 crore (Rs 3.12 crore the previous year).

Kapil earned Rs 1.05 crore performance-linked incentive to take his total package to Rs 2.49 crore in 2013-14. In the previous year, he earned Rs 1.99 crore, including Rs 65 lakh performance-linked incentive.

In USD he is getting 2540700$.
In Indian terms of living costs Rs. 600000 or 10160$ per year will get you a decent lifestyle with partime maidservant.
How does the poor man cope with inflation?

Honestly it is not so much the salary as the admiring tone that is so very offensive; we are expected to worship him for being so moderate.

 

[Tigers!]

And yet if he did nothing you would probably still complain about him being a millionaire.

 

[DBT]

We live in an odd world of our own making where there are some who are ''millionaires'' having acquired the power of 'wealth' living lives of luxury alongside a majority of the worlds population who struggle their whole lives to make ends meet and this is seen by most as being the natural order of existence?

 

[ideologyhunter]

Rush used to do shows with 'every day' millionaire entrepreneurs as his guests. (This was in the 90s, when I still tuned in to see what he was up to.) The common themes were 1)We worked damn hard to get here (OK, no argument) 2) We don't live a luxurious, profligate lifestyle; a million isn't what you think (I'd want to hear your speech on the minimum wage, then) and 3)the IRS is screwing us (needed response is too long to make here, but Reaganomics blows.)

 

[Underseer]

Rush used to do shows with 'every day' millionaire entrepreneurs as his guests. (This was in the 90s, when I still tuned in to see what he was up to.) The common themes were 1)We worked damn hard to get here (OK, no argument) 2) We don't live a luxurious, profligate lifestyle; a million isn't what you think (I'd want to hear your speech on the minimum wage, then) and 3)the IRS is screwing us (needed response is too long to make here, but Reaganomics blows.)

The Paris Hiltons of the world sacrifice so much to provide for the rest of us. When will those freedom-hating communo-fascist Islamo-atheist liberals stop persecuting rich people for all that they do for us? Patriot Limbaugh is right to highlight the persecution our betters in the aristocracy endure. [/conservolibertarian]

 

[hinduwoman]

And yet if he did nothing you would probably still complain about him being a millionaire.

Actually no. The compliant is we are expected to worship him for showing such self sacrifice at limiting himself to such a pathetic salary. The reporter has no sense of shame.