Wednesday, September 21, 2011

Highest salary

Chairman & CEO of the  worlds largest steel company Arcelor Mittal - Mr.Lakshmi N Mittal is taking his salary 825 Cr.yearly because the company gain highly profit in the year 2010-2011

According to company report of 2010 salary of Mr. Lakshmi nivas mittal was $16.50 Cr. Last two year company was in lose so all the salary of senior staff except CEO of company was cut because of sale of steel was not as company expecting  

Lakshmi n mittal - Highest salary of the world

Chairman of the Board of Directors and CEO

ArcelorMittal is the world's leading steel company, with operations in more than 60 countries.

ArcelorMittal is the leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as size able captive supplies of raw materials and outstanding distribution networks.

With an industrial presence in over 20 countries spanning four continents, the Company covers all of the key steel markets, from emerging to mature. Through its core values of Sustainability, Quality and Leadership, ArcelorMittal commits to operating in a responsible way with respect to the health, safety and well being of its employees, contractors and the communities in which it operates. It is also committed to the sustainable management of the environment and of finite resources.

In 2010, ArcelorMittal had revenues of $78.0 billion and crude steel production of 90.6 million tonnes, representing approximately 8 per cent of world steel output.

Arcelor Mittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Brussels (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

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