maka wrote:https://www.zeebiz.com/companies/news-how-did-spicejet-turn-profitable-in-one-year-1449
Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.
SKIN IN THE GAME
"It won't be wrong to credit one person for the job – SpiceJet Promoter and CEO Ajay Singh."
Naikuni - ZERO shares. Remuneration? 30mn+
Ngunze - ZERO to peanuts. 30mn+
Mikosz - ZERO to peanuts. 60mn+
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett