L&T chairman, Mr. S N Subrahmanyan paid ₹51 crores as salary in FY24, while median salary of employees was Rs.9.55 lakhs:

Larsen & Toubro Chairman, Mr. S N Subrahmanyan took home a total salary of ₹51 crores in 2023-24, which is 534.57 times the median salary of the employees of L&T. His remuneration for 2023-24 included a base salary of ₹3.6 crores, ₹1.67 crores as prerequisites and ₹35.28 crores as commission. He also received retirement benefits of ₹10.5 crores, bringing the total to ₹51 crores.

L&T Chairman under fire:

Mr. Subrahmanyan is currently under massive backlash for his comments suggesting that employees should work 90 hours a week. “I regret I am not able to make you work on Sundays. If I can make you work on Sundays, I will be happier, because I work on Sundays,” Mr. Subrahmanyan was heard telling employees an undated video that has emerged on Reddit. “What do you do sitting at home? How long can you stare at your wife? How long can the wife stare at husband?” he continued.

The remarks came during a recent employee interaction when Mr. S N Subrahmanyan was asked why L&T employees are still expected to work on Saturdays, instead of the standard five-day work week followed at most other companies. He gave the example of the Chinese, who work 90 hours a week. “So that’s the answer for you. If you have got to be on top of the world, you have to work 90 hours a week. Get going, guys. Come on,” he said. His remarks caused massive outrage online, with celebrities like Deepika Padukone and billionaires like Harsh Goenka criticizing him.

Besides the more prominent voices, thousands of social media users also criticized the Chairman of L&T, noting that he earned much more than an average employee and therefore did not have to worry about household responsibilities, leaving him free to spend time at work. “Those hardworking people who work for your company don’t have 7 to 8 servants to do the pending jobs piling up at home like washing clothes, cleaning cars, taking their kids for a movie, or clearing their doubts, or just simply cleaning out a cupboard or getting a haircut,” wrote an X user who goes by the name Dr. Poornima. “Let your young employees enjoy family life. Give them an option to work on Sundays or enjoy a holiday. Family life and leisure time is as important as work life and money.” The median remuneration of L&T employees during FY24 was ₹9.55 lakhs, while Mr. Subrahmanyan took home ₹51 crores, as per The New Indian Express report.

Source : https://www.hindustantimes.com/trending/lt-chairman-sn-subrahmanyan-paid-rs-51-as-salary-in-fy24-while-median-salary-of-employees-was-rs-9-5-lakh-101736475166811.html