Fortis CEO Bhavdeep Singh’s salary grew more than 4-fold in 2 years

“This is a classic case of golden handcuffs. Basically you want the CEO to toe your line and you pay him more irrespective of the company’s performance so that the CEO keeps quiet and doesn’t object to your financial irregularities. This has been simply done so that he toes the line of the promoters,” said Shriram Subramanian, founder and managing director of proxy firm InGovern Research.