Eicher’s Lal loses MD post over 10% hike plan
Siddhartha Lal’s re-appointment as managing director of Eicher Motors Ltd has been voted down by shareholders. Sources told ET that they were basically against a proposal to increase his salary by 10% as it outpaced the company’s revenue and profit growth last year amid the Covid-19 pandemic. A special resolution seeking his re-appointment – which … Read more
