Tata Consultancy Services gives Rs 5-cr farewell gift to Tata

Six months before he is due to retire, Tata Sons Chairman Ratan Tata has got a unique gift from Tata Consultancy Services, the most valuable company in his group.The TCS board approved a special compensation of Rs 5 crore (Rs 50 million) over and above the Rs 3-crore (Rs 30-million) commission due to him for the last financial year.According to the company’s annual report, Tata, who is also the chairman of TCS, has been paid Rs 8 crore (Rs 80 million) as commission for the year ended March 2012, compared to Rs 2.4 crore (Rs 24 million) he got in the previous year….
http://www.rediff.com/business/slide-show/slide-show-1-tech-tcs-gives-rs-5-cr-farewell-gift-to-tata/20120620.htm