Liquor firm Diageo cuts CEO's pay by over â¹9 crore
Liquor firm Diageo has slashed part of the variable portion of CEO Ivan Menezes' compensation, reducing his pay for the last fiscal to Â£3.4 million (â¹28 crore) from Â£4.5 million (â¹37 crore) earlier. CFO Kathryn Mikells' variable pay was also reduced by half. This comes after UK PM Theresa May described discrepancy between compensation of managers and workers as 'irrational'.