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Description: Sam Altman is back as CEO of OpenAI. But did you know Altman is not the only person to have come back as the chief executive officer of the organization he once led? There are many other personalities who have returned for another stint in their former position. Watch this story for more details.

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The alumni of India's prestigious chain of engineering colleges, the government-run Indian Institute of Technology(IIT), are among the CEOs of global firms and hold top positions in various domains. However, the same IITans comprise less than 1 per cent of the workforce at the Indian space agency ISRO.

"Our(country's) best talents are supposed to be engineers from IITs. But, they are not joining ISRO. If we go and try to recruit from IIT, no one joins," ISRO Chief Dr. S. Somanath said in a recent television interview. He also mentioned that the space agency was not getting the best of talent and that IITans comprise less than 1 per cent of those working at ISRO.&nbsp;

This poses interesting questions - When IITans benefit immensely from a high-tech education from the Government of India, why do they refuse to work for a government-run science organisation like ISRO? Why does the government of India not make efforts to ensure that the top engineering talent serves the nation? Why are government-sector science jobs so unattractive for those from the glamorous IITs?

Following the Chandrayaan-3 mission, it was widely talked about that a vast majority of the scientists and technocrats who worked on the mission were those who had graduated from lesser-known engineering colleges.

On the Chandrayaan-3 success, Parliamentarian from Thiruvananthapuram Dr. Shashi Tharoor said in the Lok Sabha, "If IITans went to Silicon Valley, CETans (alumni of College of Engineering, Thiruvananthapuram) took us to the moon." He was referring to the contributions of the alumni of unsung engineering colleges in various parts of India, and how such people worked on the Chandrayaan-3 mission.&nbsp;

"We must proudly salute these alumni of unsung engineering colleges... they serve the public sector with dedication and are the backbone of national enterprises like ISRO", Dr Tharoor said in parliament. Many of his colleagues echoed the sentiment and listed out the scientists who hailed from lesser-known academia in their respective constituencies.

Referring to the exceptional cases of IITans joining ISRO, Dr. S. Somanath said, "Few passionate IITans who think space is important, such people join." Sharing an example of an ISRO team that went to recruit talent from an IIT, Dr Somanath mentioned that 60 per cent of students left the hall after seeing the highest pay that they could earn at the Indian Government-run space agency. "The career ambitions of those joining IITs are different," he said in the interview.&nbsp;

While he said that ISRO was not attracting the best talent, the space agency Chief admitted that the organisation has adequate talent to carry out the work they are performing. However, he also referred to the diversity and vast availability of scientific talent in India.

Indians who get an opportunity to write the IIT entrance (and get in) go there. Thousands and lakhs of such people who have that kind of competency are not getting this opportunity. I am one of them - when I was a student, I never had an opportunity to write an IIT entrance exam or go to an IIT," he said smiling.

"But (my having not gone to IIT) doesn't mean that I was naive or not knowledgeable," he said in the interview.

A vast majority of the scientific talent at ISRO earn their engineering degrees from lesser-known academia. However, as they rise up the ranks within ISRO, they have opportunities to pursue academic courses and PhDs at top-tier Government-run institutions such as the Indian Institute of Science, Bengaluru and the IITs.

Notably, the Director of ISRO's lead centre Vikram Sarabhai Space Centre(VSSC), Dr. S. Unnikrishnan Nair, completed his PhD from IIT Madras' Mechanical Engineering Department. So did Dr. Veeramuthuvel, Project Director of Chandrayaan-3. At present, Dr&nbsp;S&nbsp;Somanath, Chairman of ISRO, is also pursuing a PhD from the same Department at IIT Madras.&nbsp;

According to the Office of Alumni and Corporate Relations at IIT Madras, 12 alumni of the institute contributed towards Chandrayaan-3 and more than 140 of them serve ISRO. Recently, the Institute conferred its highest recognition 'The Distinguished Alumnus Award' to twelve ISRO scientists and technocrats who had completed their respective courses there.&nbsp;To their credit, the IITs directly contribute to the space programme by performing theoretical studies, and lab analyses, providing scientific payloads for space missions and studying the scientific data obtained from the sensors.

At the IITs,&nbsp;high-quality engineering courses are offered at a reasonable fee structure, all thanks to the Indian taxpayer. However, one is left wondering why the IITans don't opt in large numbers for a career at ISRO and similar government-run organisations.&nbsp;Perhaps, a significantly better pay structure and career growth opportunities for the science talent at ISRO and related organisations could help attract the best talent.

It is a well-established fact that ISRO scientists earn only a fraction of their counterparts in the Western world and when compared to those in certain private sector jobs in India. Perhaps, an unfavourable view of government work culture, bureaucracy, gradual growth prospects and other factors are dampening the spirits of IITans, who may wish to join the government-run science and technology organisations.&nbsp;

"At the IITs, almost everyone gets placed through campus recruitment even before graduating. Therefore, it’s very rare for anyone from IITs to apply for ISRO’s Central Recruitment Board (ICRB), which is its primary mode of recruitment and requires candidates to take an exam followed by interviews. This is one of the main reasons why very few IITans end up joining ISRO,"&nbsp;reasons&nbsp;Pawan K Chandana, an IITian, who also worked with ISRO and now runs Skyroot Aerospace, the firm which launched India's first privately-built sub-orbital rocket.&nbsp;

During his final months at IIT Kharagpur, ISRO was among the recruiters who had come to campus. Pawan and three others from his batch were the only selected candidates. Looking back at this, he recalls,&nbsp;"ISRO has limits on the number of individuals that can be hired from campus, unlike the large numbers hired through ICRB. There is also a pursuit of higher salaries in the IIT culture, resulting in only a few individuals with a real passion for space choosing to join ISRO," he adds.&nbsp;

<div class="ui-state-default" contenteditable="false">
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<blockquote class="twitter-tweet">
"(We think) best <a href="https://twitter.com/hashtag/indian?src=hash&amp;ref_src=twsrc%5Etfw">#indian</a> <a href="https://twitter.com/hashtag/Engineering?src=hash&amp;ref_src=twsrc%5Etfw">#Engineering</a> talent is from <a href="https://twitter.com/hashtag/IIT?src=hash&amp;ref_src=twsrc%5Etfw">#IIT</a>, but they are not joining <a href="https://twitter.com/hashtag/isro?src=hash&amp;ref_src=twsrc%5Etfw">#isro</a> <a href="https://twitter.com/hashtag/space?src=hash&amp;ref_src=twsrc%5Etfw">#space</a> programme..we are not getting best talent..IITans in ISRO is less than 1%.." <a href="https://twitter.com/isro?ref_src=twsrc%5Etfw">@isro</a> chairman to <a href="https://twitter.com/rajeshkalra?ref_src=twsrc%5Etfw">@rajeshkalra</a> 
 
IITans get <a href="https://twitter.com/hashtag/govt?src=hash&amp;ref_src=twsrc%5Etfw">#govt</a> subsidised edu, but can't serve <a href="https://twitter.com/hashtag/govt?src=hash&amp;ref_src=twsrc%5Etfw">#govt</a> <a href="https://twitter.com/hashtag/india?src=hash&amp;ref_src=twsrc%5Etfw">#india</a>? Unfair no? <a href="https://t.co/RrNzxnnoFV">pic.twitter.com/RrNzxnnoFV</a>
— Sidharth.M.P (@sdhrthmp) <a href="https://twitter.com/sdhrthmp/status/1711299598227292359?ref_src=twsrc%5Etfw">October 9, 2023</a></blockquote>
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It is not just ISRO that has very few IITans on board, even IIT-Madras incubated launch vehicle firm Agnikul Cosmos has a minuscule number of IIT B.Tech grads. "At the time of campus placements, IIT B.Tech grads are in their early twenties and salary packages are a top priority. The best B. Tech grads often go abroad for their masters and don't sit for placements. In our own firm, of the 200 personnel we have, there are only a couple of IIT B.Tech grads and a handful of IIT M.Tech grads. Also, those getting into aerospace must not just be good engineers, it is imperative to accept delayed gratification," Srinath Ravichandran, who runs Agnikul Cosmos told WION.&nbsp;&nbsp;

He also mentions that those working on rocketry must be&nbsp;able to work on a problem for years and have the determination to stay through and solve it. Generally, the top paymasters are the ones who get the first slots at IIT recruitments. Therefore, when ISRO does recruit directly from campus, they may not get the first slots, he feels.&nbsp;

Irrespective of which college a person went to, a B.Tech graduate (in their early 20s) joining ISRO would enter with the grade Scientist/Engineer-SC. He/she would be tasked with both engineering and research opportunities. While joining ISRO under this cadre, an individual earns approximately Rs 80,000 per month (around $1000) in&nbsp;hand. They also get the benefit of health insurance coverage for the family and ISRO performance-related bonuses. Depending on the work location, even accommodation is provided and meals are available at very subsidised rates. These perks are not calculated as part of the cost to the company.&nbsp;

Expectedly, IITs and their public outreach machinery go into overdrive during the placement season, adequately hyped up by the media. It is the top package of Rs 25 million (approx $3,00,000) and the likes that make headlines and give false impressions that most of the IITans earn big fat salaries. However, reports compiled based on placement and pay package data have pegged the average pay for B.Tech graduates from most IITs as between Rs. 10 lakh and Rs. 20 lakh. Only a few end up with annual pay packages above Rs 5 million ($60,000).&nbsp;

Therefore, in purely monetary terms, ISRO could well be an option for a fair number of IITans. That's why, there must also be efforts from ISRO's end to better understand the factors behind the minuscule number of IITans within their ranks. IITs could also survey their students to unravel what their students think about joining ISRO.

You can&nbsp;now write for wionews.com&nbsp;and be a part of the community. Share your stories and opinions with us&nbsp;<a href="https://www.wionews.com/content-contribution-registration-form">here</a>.

WATCH WION LIVE HERE

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The alumni of India's prestigious chain of engineering colleges, the government-run Indian Institute of Technology(IIT), are among the CEOs of global firms and hold top positions in various domains.

The alumni of India's prestigious chain of engineering colleges, the government-run Indian Institute of Technology(IIT), are among the CEOs of global firms and hold top positions in various domains. However, the same IITans comprise less than 1 per cent of the workforce at the Indian space agency ISRO. "Our(country's) best talents are supposed to be engineers from IITs. But, they are not joining ISRO. If we go and try to recruit from IIT, no one joins," ISRO Chief Dr. S. Somanath said in a recent television interview. He also mentioned that the space agency was not getting the best of talent and that IITans comprise less than 1 per cent of those working at ISRO. This poses interesting questions - When IITans benefit immensely from a high-tech education from the Government of India, why do they refuse to work for a government-run science organisation like ISRO? Why does the government of India not make efforts to ensure that the top engineering talent serves the nation? Why are government-sector science jobs so unattractive for those from the glamorous IITs? Following the Chandrayaan-3 mission, it was widely talked about that a vast majority of the scientists and technocrats who worked on the mission were those who had graduated from lesser-known engineering colleges. On the Chandrayaan-3 success, Parliamentarian from Thiruvananthapuram Dr. Shashi Tharoor said in the Lok Sabha, "If IITans went to Silicon Valley, CETans (alumni of College of Engineering, Thiruvananthapuram) took us to the moon." He was referring to the contributions of the alumni of unsung engineering colleges in various parts of India, and how such people worked on the Chandrayaan-3 mission. "We must proudly salute these alumni of unsung engineering colleges... they serve the public sector with dedication and are the backbone of national enterprises like ISRO", Dr Tharoor said in parliament. Many of his colleagues echoed the sentiment and listed out the scientists who hailed from lesser-known academia in their respective constituencies. Referring to the exceptional cases of IITans joining ISRO, Dr. S. Somanath said, "Few passionate IITans who think space is important, such people join." Sharing an example of an ISRO team that went to recruit talent from an IIT, Dr Somanath mentioned that 60 per cent of students left the hall after seeing the highest pay that they could earn at the Indian Government-run space agency. "The career ambitions of those joining IITs are different," he said in the interview. While he said that ISRO was not attracting the best talent, the space agency Chief admitted that the organisation has adequate talent to carry out the work they are performing. However, he also referred to the diversity and vast availability of scientific talent in India. Indians who get an opportunity to write the IIT entrance (and get in) go there. Thousands and lakhs of such people who have that kind of competency are not getting this opportunity. I am one of them - when I was a student, I never had an opportunity to write an IIT entrance exam or go to an IIT," he said smiling. "But (my having not gone to IIT) doesn't mean that I was naive or not knowledgeable," he said in the interview. A vast majority of the scientific talent at ISRO earn their engineering degrees from lesser-known academia. However, as they rise up the ranks within ISRO, they have opportunities to pursue academic courses and PhDs at top-tier Government-run institutions such as the Indian Institute of Science, Bengaluru and the IITs. Notably, the Director of ISRO's lead centre Vikram Sarabhai Space Centre(VSSC), Dr. S. Unnikrishnan Nair, completed his PhD from IIT Madras' Mechanical Engineering Department. So did Dr. Veeramuthuvel, Project Director of Chandrayaan-3. At present, Dr S Somanath, Chairman of ISRO, is also pursuing a PhD from the same Department at IIT Madras. According to the Office of Alumni and Corporate Relations at IIT Madras, 12 alumni of the institute contributed towards Chandrayaan-3 and more than 140 of them serve ISRO. Recently, the Institute conferred its highest recognition 'The Distinguished Alumnus Award' to twelve ISRO scientists and technocrats who had completed their respective courses there. To their credit, the IITs directly contribute to the space programme by performing theoretical studies, and lab analyses, providing scientific payloads for space missions and studying the scientific data obtained from the sensors. At the IITs, high-quality engineering courses are offered at a reasonable fee structure, all thanks to the Indian taxpayer. However, one is left wondering why the IITans don't opt in large numbers for a career at ISRO and similar government-run organisations. Perhaps, a significantly better pay structure and career growth opportunities for the science talent at ISRO and related organisations could help attract the best talent. It is a well-established fact that ISRO scientists earn only a fraction of their counterparts in the Western world and when compared to those in certain private sector jobs in India. Perhaps, an unfavourable view of government work culture, bureaucracy, gradual growth prospects and other factors are dampening the spirits of IITans, who may wish to join the government-run science and technology organisations. "At the IITs, almost everyone gets placed through campus recruitment even before graduating. Therefore, it’s very rare for anyone from IITs to apply for ISRO’s Central Recruitment Board (ICRB), which is its primary mode of recruitment and requires candidates to take an exam followed by interviews. This is one of the main reasons why very few IITans end up joining ISRO," reasons Pawan K Chandana, an IITian, who also worked with ISRO and now runs Skyroot Aerospace, the firm which launched India's first privately-built sub-orbital rocket. During his final months at IIT Kharagpur, ISRO was among the recruiters who had come to campus. Pawan and three others from his batch were the only selected candidates. Looking back at this, he recalls, "ISRO has limits on the number of individuals that can be hired from campus, unlike the large numbers hired through ICRB. There is also a pursuit of higher salaries in the IIT culture, resulting in only a few individuals with a real passion for space choosing to join ISRO," he adds. "(We think) best #indian #Engineering talent is from #IIT, but they are not joining #isro #space programme..we are not getting best talent..IITans in ISRO is less than 1%.." @isro chairman to @rajeshkalra IITans get #govt subsidised edu, but can't serve #govt #india? Unfair no? pic.twitter.com/RrNzxnnoFV — Sidharth.M.P (@sdhrthmp) October 9, 2023 × It is not just ISRO that has very few IITans on board, even IIT-Madras incubated launch vehicle firm Agnikul Cosmos has a minuscule number of IIT B.Tech grads. "At the time of campus placements, IIT B.Tech grads are in their early twenties and salary packages are a top priority. The best B. Tech grads often go abroad for their masters and don't sit for placements. In our own firm, of the 200 personnel we have, there are only a couple of IIT B.Tech grads and a handful of IIT M.Tech grads. Also, those getting into aerospace must not just be good engineers, it is imperative to accept delayed gratification," Srinath Ravichandran, who runs Agnikul Cosmos told WION. He also mentions that those working on rocketry must be able to work on a problem for years and have the determination to stay through and solve it. Generally, the top paymasters are the ones who get the first slots at IIT recruitments. Therefore, when ISRO does recruit directly from campus, they may not get the first slots, he feels. Irrespective of which college a person went to, a B.Tech graduate (in their early 20s) joining ISRO would enter with the grade Scientist/Engineer-SC. He/she would be tasked with both engineering and research opportunities. While joining ISRO under this cadre, an individual earns approximately Rs 80,000 per month (around $1000) in hand. They also get the benefit of health insurance coverage for the family and ISRO performance-related bonuses. Depending on the work location, even accommodation is provided and meals are available at very subsidised rates. These perks are not calculated as part of the cost to the company. Expectedly, IITs and their public outreach machinery go into overdrive during the placement season, adequately hyped up by the media. It is the top package of Rs 25 million (approx $3,00,000) and the likes that make headlines and give false impressions that most of the IITans earn big fat salaries. However, reports compiled based on placement and pay package data have pegged the average pay for B.Tech graduates from most IITs as between Rs. 10 lakh and Rs. 20 lakh. Only a few end up with annual pay packages above Rs 5 million ($60,000). Therefore, in purely monetary terms, ISRO could well be an option for a fair number of IITans. That's why, there must also be efforts from ISRO's end to better understand the factors behind the minuscule number of IITans within their ranks. IITs could also survey their students to unravel what their students think about joining ISRO. You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE

Less than 1% IITians in ISRO, they don't want to join: ISRO Chief Somanath

PM Modi's Day 4 in the US: On Thursday, Prime Minister Narendra Modi held bilateral discussions with US President Joe Biden. After the bilateral conversations, PM Modi addressed the joint session of the US Congress, followed by a high-profile state dinner attended by around 400 dignitaries.

PM Modi's Day 4 in the US: On Thursday, Prime Minister Narendra Modi held bilateral discussions with US President Joe Biden. After the bilateral conversations, PM Modi addressed the joint session of the US Congress, followed by a high-profile state dinner attended by around 400 dignitaries. PM Modi received a ceremonial guard of honour amid the rains on Wednesday at Washington DC's Joint Base Andrews during his second leg of the inaugural visit to the United States. Prime Minister Narendra Modi's four-day visit is a historic event for India and the United States. It was his first state visit to the US during his nine-year tenure. PM Modi has become the only Indian Prime Minister to address a joint session of the US Congress twice. His visit is crucial as both US and India seek to deepen their cooperation on several points, including trade, defence, and climate change. PM Modi also expressed his intentions to meet business leaders, interact with the Indian community, and engage with thought leaders from diverse backgrounds. President Joe Biden and First Lady Jill Biden hosted PM Modi for an official state dinner at the White House on Thursday. Around 380 guests were present during the state dinner, including designer Ralph Lauren, filmmaker M Night Shyamalan, Zerodha co-founder Nikhil Kamath, and business tycoons Anand Mahindra and Mukesh Ambani. In his hour-long speech at a joint session of the US Congress, PM Modi discusses various subjects, highlighting India's commitment to the environment, women's empowerment, and the fight against terrorism. ALSO READ | RRR hit song Naatu Naatu finds mention in PM Modi's speech at state dinner in the US PM Modi's Day 4 Schedule Prime Minister Narendra Modi will hold one-on-one discussions with several CEOs, professionals, and other stakeholders on his fourth and last day in the United States. He will meet the CEOs of leading companies, including FedEx, MasterCard, and Adobe, at the White House. PM Modi will discuss innovation, investment, and manufacturing in various technology sectors, including Artificial Intelligence, semiconductors and space. Here's a list of business personalities and CEOs who will attend the discussion with Prime Minister Narendra Modi at the White House. ▪ Satya Nadella, CEO, Microsoft ▪ Anand Mahindra, Chairman, Mahindra Group ▪ Sundar Pichai, CEO, Google ▪ Sam Altman, CEO, OpenAI ▪ Revathi Advaithi, CEO, Flex ▪ Lisa Su, CEO, AMD ▪ Tim Cook, CEO, Apple ▪ Mr. Mukesh Ambani, Chairman & MD, Reliance Industries ▪ Dr Sethuraman Panchanathan, Director, National Science Foundation ▪ Mark Douglas, President and CEO, FMC Corporation ▪ Bill Nelson, Administrator, NASA ▪ Sunita Williams ▪ Will Marshall, CEO, Planet Labs ▪ Thomas Tull, Founder, Tulco LLC ▪ Nikhil Kamath, Co-Founder, Zerodha & True Beacon ▪ Vrinda Kapoor, Co-Founder, 3rdiTech ▪ Hemant Taneja, CEO and Managing Director, General Catalyst US Vice-President Kamala Harris and Secretary of State Antony Blinken will host PM Modi for an official state luncheon. Furthermore, PM Modi will address an invitation-only assemblage of diaspora leaders at the Ronald Reagan Building and International Trade Center in Washington DC from 7 PM to 9 PM (Local Time). PM Modi will attend a reception hosted by the United States Indian Community Foundation (USICF), where award-winning international singer Mary Millben will perform. (With inputs from agencies) WATCH WION LIVE HERE

PM Modi's US visit Day 4: Conversation with CEOs, state luncheon & diaspora outreach; Check full guest list

Have you ever wondered how the top boss at your firm drives a fancy new car every year, vacations in exotic locations & stays in the most aspiring real estate property in your city? Well, your pay cheque may not have grown as much as you desired. But a report from oxfam suggests that the top bosses have seen their wealth surge faster than ever. Watch the report to understand the pay disparity between your salary and your employer's salary.

Pay disparity widens between CEOs and employees

The founder of China's smartphone maker Smartisan Technology has been barred from taking flights and high-speed railway trains due to the company's failure to comply with court rulings from a contractual dispute, a local court document showed.

Smartisan is a niche player in China's smartphone sector and is best known for its flamboyant founder Luo Yonghao, who made headlines in recent years with bold statements including a claim that he was planning to acquire Apple.

Luo is also barred from spending at higher quality hotels, night clubs and golf clubs, buying properties and high-premium insurance and sending his children to expensive private schools, according to an order issued by the court of Danyang in eastern China.

The order was issued after the court found the company failed to comply with previous court rulings from a contractual dispute with a local electronics firm, the document said.

Smartisan's smartphone sales in China lag behind players like Huawei, Xiaomi&nbsp;and Oppo. Chinese social media firm ByteDance earlier this year said it was developing a phone with Smartisan after acquiring a set of patents from it.

Smartisan launched a new phone on Thursday. In a video posted on its official Weibo account, Smartisan Chief Operating Officer Wu Dezhou said that most of the Smartisan team had moved to ByteDance following the deal to work on smartphones and education hardware, but that Luo had left the team due to personal reasons.

The founder of China's smartphone maker Smartisan Technology has been barred from taking flights and high-speed railway trains due to the company's failure to comply with court rulings from a contractual dispute, a local court document showed.

The founder of China's smartphone maker Smartisan Technology has been barred from taking flights and high-speed railway trains due to the company's failure to comply with court rulings from a contractual dispute, a local court document showed. Smartisan is a niche player in China's smartphone sector and is best known for its flamboyant founder Luo Yonghao, who made headlines in recent years with bold statements including a claim that he was planning to acquire Apple. Luo is also barred from spending at higher quality hotels, night clubs and golf clubs, buying properties and high-premium insurance and sending his children to expensive private schools, according to an order issued by the court of Danyang in eastern China. The order was issued after the court found the company failed to comply with previous court rulings from a contractual dispute with a local electronics firm, the document said. Smartisan's smartphone sales in China lag behind players like Huawei, Xiaomi and Oppo. Chinese social media firm ByteDance earlier this year said it was developing a phone with Smartisan after acquiring a set of patents from it. Smartisan launched a new phone on Thursday. In a video posted on its official Weibo account, Smartisan Chief Operating Officer Wu Dezhou said that most of the Smartisan team had moved to ByteDance following the deal to work on smartphones and education hardware, but that Luo had left the team due to personal reasons.

Founder of China's smartphone maker Smartisan barred from planes, trains

The Chief Executive Officers of top bluechip companies are able to make more money every year, even with global economies facing slowdowns.

Microsoft's CEO Satya Nadella recently got an increment of 66 per cent.

For his services to the company, Nadella was paid a compensation of $42.9 million for the financial year 2018-19. In the previous year, Nadella earned $25.8 million.

When he took charge from erstwhile CEO Steve Ballmer, he was offered a salary of $84 million.

He took over Microsoft at a time when the company's fortune&nbsp;looked a bit uncertain and its hegemony in the computer operating software was being challenged. Nadella's job was to turn the company around.

Even then, Satya Nadella is not the highest-paid CEO in the world. That position is held by Tesla and Space X's CEO Elon Musk.

Reports say that Musk pocketed a salary of $2.3 billion in 2018, almost entirely in stocks. This is equal to the salary of the next 65 top CEOs combined.

A distant second on the list is Discovery's David M Zaslav, who made $129 million.

Interestingly, the world's richest man is a CEO. But he's not the highest-paid CEO. &nbsp;Amazon's Jeff Bezos is the wealthiest man on the planet, but his salary is a paltry sum of $81,840.

Bezos hasn't received an increment in 20 years, with his actual wealth coming in from the stocks he owns in Amazon.

In 2018, Apple's Tim Cook took home compensation of $15.7 million.

Google's CEO Sundar Pichai's salary in 2018 was $1.9 million including his stock award.

What about the regular employees?

The average increment of a white-collar employee in the United States was 3 per cent in 2018. The US economy grew by about 2.8 per cent.

In India, across industries, the average salary hike was 9.8 per cent.

The skewed nature of salary increments is not a new phenomenon.

In the last four decades, CEO salaries have risen by an average of 940 per cent.

But for a typical employee, this rise has been barely 12 per cent.

The Chief Executive Officers of top bluechip companies are able to make more money every year, even with global economies facing slowdowns. Microsoft's CEO Satya Nadella recently got an increment of 66 per cent.

The Chief Executive Officers of top bluechip companies are able to make more money every year, even with global economies facing slowdowns. Microsoft's CEO Satya Nadella recently got an increment of 66 per cent. For his services to the company, Nadella was paid a compensation of $42.9 million for the financial year 2018-19. In the previous year, Nadella earned $25.8 million. When he took charge from erstwhile CEO Steve Ballmer, he was offered a salary of $84 million. He took over Microsoft at a time when the company's fortune looked a bit uncertain and its hegemony in the computer operating software was being challenged. Nadella's job was to turn the company around. Even then, Satya Nadella is not the highest-paid CEO in the world. That position is held by Tesla and Space X's CEO Elon Musk. Reports say that Musk pocketed a salary of $2.3 billion in 2018, almost entirely in stocks. This is equal to the salary of the next 65 top CEOs combined. A distant second on the list is Discovery's David M Zaslav, who made $129 million. Interestingly, the world's richest man is a CEO. But he's not the highest-paid CEO. Amazon's Jeff Bezos is the wealthiest man on the planet, but his salary is a paltry sum of $81,840. Bezos hasn't received an increment in 20 years, with his actual wealth coming in from the stocks he owns in Amazon. In 2018, Apple's Tim Cook took home compensation of $15.7 million. Google's CEO Sundar Pichai's salary in 2018 was $1.9 million including his stock award. What about the regular employees? The average increment of a white-collar employee in the United States was 3 per cent in 2018. The US economy grew by about 2.8 per cent. In India, across industries, the average salary hike was 9.8 per cent. The skewed nature of salary increments is not a new phenomenon. In the last four decades, CEO salaries have risen by an average of 940 per cent. But for a typical employee, this rise has been barely 12 per cent.

As global economies go down, CEO paycheques go up

PM Modi slipped into a short session with the CEOs and business leaders ahead of his keynote address at the World Economic Forum event at Davos yesterday.&nbsp;

The Prime Minister was supposed to begin his address at 11.15 am (around 3.30 pm IST) at Davos. He got in for a quick chat with business leaders slightly ahead of his opening plenary session.&nbsp;

During his meeting, PM Modi hinted at the possibility of a tougher budget this time saying that, &quot;Why are all of you not smiling? You seem to be pleased with me now but just wait for the budget.&quot;

Prime Minister Narendra Modi also held a roundtable meet with CEOs on Monday evening mentioning that &#39;India means business&#39;.

PM Modi then rushed for his keynote address at the Davos event which lasted for almost an hour where he highlighted the key achievements of his administration.&nbsp;

&quot;India is removing the red tape and laying out the red carpet,&quot; said Mr Modi.

&quot;Almost all areas of our economy have been opened to foreign direct investment,&quot; he added.&nbsp;

He later met with his Canadian counterpart to address bilateral ties.&nbsp;

Prime Minister Narendra Modi reached India early morning today after a &quot;historic and successful participation&quot; at the World Economic Forum (WEF) annual summit.

PM Modi became the first Indian prime minister to attend the summit in two decades.

The prime minister is expected to meet his cabinet today.

He will also interact with the Vietnamese Prime Minister, the President of Philippines and State Counsellor of Myanmar Daw, Aung San Suu Kyi later in the day.&nbsp;

PM Modi slipped into a short session with the CEOs and business leaders ahead of his keynote address at Davos.

PM Modi slipped into a short session with the CEOs and business leaders ahead of his keynote address at the World Economic Forum event at Davos yesterday. The Prime Minister was supposed to begin his address at 11.15 am (around 3.30 pm IST) at Davos. He got in for a quick chat with business leaders slightly ahead of his opening plenary session. During his meeting, PM Modi hinted at the possibility of a tougher budget this time saying that, "Why are all of you not smiling? You seem to be pleased with me now but just wait for the budget." Prime Minister Narendra Modi also held a roundtable meet with CEOs on Monday evening mentioning that 'India means business'. PM Modi then rushed for his keynote address at the Davos event which lasted for almost an hour where he highlighted the key achievements of his administration. "India is removing the red tape and laying out the red carpet," said Mr Modi. "Almost all areas of our economy have been opened to foreign direct investment," he added. He later met with his Canadian counterpart to address bilateral ties. Prime Minister Narendra Modi reached India early morning today after a "historic and successful participation" at the World Economic Forum (WEF) annual summit. PM Modi became the first Indian prime minister to attend the summit in two decades. The prime minister is expected to meet his cabinet today. He will also interact with the Vietnamese Prime Minister, the President of Philippines and State Counsellor of Myanmar Daw, Aung San Suu Kyi later in the day.

You seem pleased with me now but just wait for the Budget: PM Modi to CEOs

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