Indian Institute of Management, Ahmedabad (IIM-A) has planned to increase the yearly package of its Director to Rs 1 Crore, a five fold increase from Rs 20 lakh. The new package will help in attracting the best minds to head the institute. Board of Governors (BOG) have already made up their minds to give approval to increasing package hike.
Samir Barua's term ended in November, 2012 but has been given extension till next director is appointed.
"There have been a lot of deliberations on increasing the salary package of the director to Rs 1 crore annually, a five-fold rise from the current annual package of Rs 20 lakh. However, there is still no unanimity on whether to make the appointment from outside or from within the institute,” said a source close to the development.
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