PM Manmahan Singh asked big companies to "resist" paying large salaries to their top executives. According to him big disparity in pay structure can lead to social unrest.Is it possible for big companies to follow him?
lostpatrol said…
Dear PM, I politely disagree with you, Good living requires money; lots of it. When one makes lots of it, he lives it up and hires people to do his chores. Just twleve hours ago, I was speaking on phone to a top lawyer in Nicosia, Cyprus. He has five cars, an acre of garden, seven cats and three dogs. Sir, he employs two of your subjects as domestic help to keep his gardens tidy and dogs/cats well taken care of. Oh yes, there are those evil people everywhere who are envious. They can't see good life. They think rich guys living it up, is the reason, they are starving. . So, come Tatas, Birlas, Ambanis, Ruias, Mittals, Jindals: I am available at your service. pay me two crore rupees CTC a year and hire me...I guarantee I will cause any social unrest. I promise I will not drive my car on the footpath or hunt deers. But, about not dating Shilpa Shetty, Mallika Sherawat, (is there any other new sex bomb out there?) I can't make a promise!
Blogesh said…
No Way ! Barring some corporations those have engaged in money minting or fraudulent activities I believe , rest of the private sector is real propeller of growth and visionary CEO's are contributors to the economy, no matter they look at P & L bottomline of the company. But under corporate governance , are'nt they accountable for what they do ? I fail to see accountability, understanding value for money and time from Hon. MP's , MLA's - with very few exceptions and progressively have earned disproportionate wealth over a period of time...Well, I would definitely endorse an idea of Social responsibility as a legislation under company law..
Tejbir said…
These are the pitfalls we should have been ready for while rejoicing the "coronation" of an economist as the Prime Miniter of India.It couldn’t have been worse than his suggestion to cap the remuneration of CEOs of India Inc. It surprises me that he had to suggest this being an economist by himself. If he is doing nothing but mouthing the words of some ma’am then he yet again proved himself to be nothing more than a rubber stamp.
GussaWaala said…
It is shocking that as an economist speaking at an organization such as CII that the PM would make a comment that makes no sense. The problem is not with the rich getting richer, the problem is with the poor not having an opportunity and justice. Create a free economy, free of red tape barriers, free of social oppression and stop this nonsense of salary caps and reservations. Use economics not politics.
DecentmonKey said…
This should be left to the shareholders and CEOs of private sector.. they should be free from Govt interference into their corporate decisions and policies..
Abx said…
Every top person including parliament member should be paid Rupee one only.
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6 comments:
Dear PM,
I politely disagree with you, His Excelleny, Sir. I do not like to see Her Excellency Kaur, the First Wife, worry about cooking daal without daal, tomato soup without tomatos, and aalu ka paratha without aalu and so on...I would like her wear enough dianond jewellery and go around in fashionable hats like Diana used to..(No, Dodi will not come after her, I am certain, Sir)
Good living requires money; lots of it. When one makes lots of it, he lives it up and hires people to do his chores. Just twleve hours ago, I was speaking on phone to a top lawyer in Nicosia, Cyprus. He has five cars, an acre of garden, seven cats and three dogs. Sir, he employs two of your subjects as domestic help to keep his gardens tidy and dogs/cats well taken care of.
Oh yes, there are those evil people everywhere who are envious. They can't see good life. They think rich guys living it up, is the reason, they are starving. No Sir. I love Amar Singh, Anil Ambani and Amitabh Bachchan when they charter a plane, go to temples, throw bug eating sprees and buy kancheevaram sarees. Sir, let them earn more, and spend more Sir. Don't stop them from earning more. They are not looting, becasue to loot you have to create money Sir. Let them loot a small part of their own or their dad's creation Sir.
So, come Tatas, Birlas, Ambanis, Ruias, Mittals, Jindals: I am available at your service. pay me two crore rupees CTC a year and hire me...I guarantee I will cause any social unrest. I promise I will not drive my car on the footpath or hunt deers. But, about not dating Shilpa Shetty, Mallika Sherawat, (is there any other new sex bomb out there?) I can't make a promise!
No Way ! Barring some corporations those have engaged in money minting or fraudulent activities I believe , rest of the private sector is real propeller of growth and visionary CEO's are contributors to the economy, no matter they look at P & L bottomline of the company. But under corporate governance , are'nt they accountable for what they do ? I fail to see accountability, understanding value for money and time from Hon. MP's , MLA's - with very few exceptions and progressively have earned disproportionate wealth over a period of time...Well, I would definitely endorse an idea of Social responsibility as a legislation under company law..
These are the pitfalls we should have been ready for while rejoicing the "coronation" of an economist as the Prime Miniter of India.
It couldn’t have been worse than his suggestion to cap the remuneration of CEOs of India Inc. It surprises me that he had to suggest this being an economist by himself. If he is doing nothing but mouthing the words of some ma’am then he yet again proved himself to be nothing more than a rubber stamp.
It is shocking that as an economist speaking at an organization such as CII that the PM would make a comment that makes no sense. The problem is not with the rich getting richer, the problem is with the poor not having an opportunity and justice. Create a free economy, free of red tape barriers, free of social oppression and stop this nonsense of salary caps and reservations. Use economics not politics.
This should be left to the shareholders and CEOs of private sector.. they should be free from Govt interference into their corporate decisions and policies..
Every top person including parliament member should be paid Rupee one only.
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