the diversified conglomerate larsen toubro lt which boasts of seven milliondollar executives in the elite club led by a m naik who draws around rs 14 crore annually in 201011 lt executives were followed by auto major hero honda now renamed hero motocorp after the joint venture was called off which had four executives in the milliondollar club while bajaj auto reliance industries dr reddys torrent power divis lab and peninsula land had three representatives each in the elite listthe highestpaid among the professional ceos list are toshiaki nakagawa and s fukuda of the erstwhile hero honda followed by hindalcos managing director d bhattacharya who took home a package of rs 1731 crorea large number of indian business houses who are looking to scale up are not hesitating to pay their number two in charge professional a milliondollar pay package even if they themselves are earning that much while promoters are getting guaranteed compensation professionals are being doled out more variable payouts but this number should be bigger considering we are one of the fastest growing economies globally said ganesh shermon partner country head people and change practice at kpmg advisory servicessignificantly this year anil ambani makes a reentry in the list after foregoing last years compensation with a rs 55crore annual compensation while big brother mukesh ambani took a rs 15crore package unchanged from last year the financial sector saw the entry of idfc team rajiv lall and vikram limaye into the club the biggest gainer in terms of value was b s raghupathy of bgr energy systems whose compensation grew 180 from rs 92 crore to rs 259 crore in 201011 and o s kanwar of apollo tyres was the biggest loser by value with a drop of over 50 from rs 296 crore to rs 1407 crore this yearcommenting on the rise in compensation of professional managers lg india coo dr y v verma and an hr veteran says a ceos job is tough most ceo jobs are not longlived and are for a short tenure hence professional ceos are demanding their pound of flesh higher salaries now