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Why UBL’s CEO gets to earn Rs2 crore per month and you don’t

He earns Rs2 crore a month? A one off compensation worth Rs100 million. That is quite an unbelievable sum. And in case you’re wondering, this is not Wells Fargo or JP Morgan, neither is it an emerging market; he is the outgoing CEO of United Bank Limited (UBL) in our poverty stricken nation, Pakistan. A lot of eyebrows must have risen while skimming through the recent news published on the highest paid CEOs in Pakistan. While the big boys rejoice and share a laugh or two on their take-home salary increase, a vast majority remains astonished at the startling distribution of wealth. Let’s look at the purpose ...

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