Whose reward is it anyway
Updated: May 29 2007, 05:30am hrs
Your story (CEO salaries too high Take a look again, May 28) attempts to justify the sky-high salaries paid to CEOs on the plea that the wealth generated by 100 big companies has been greater than the pay growth. Let us not forget that every employee contributes to organisational growth. So, indirectly, do customers and society at large. Perhaps the lowest paid should get the biggest percentage pay hikes. Let us analyse the issue objectively.
K Subramanian Chennai
The PM has advised industrialists to control salaries of CEOs and senior executives. These jobs require a set of skills, competencies, integrity and attitudes that are not plebian. Persons with these attributes have to be remunerated in line with their market value. In the early 1980s, a directors pay had to be approved by the government. It was utter comedy. Companies commenced all types of crazy reimbursements to directors, and many qualified managers emigrated overseas. Talent is scarce, globally. If professionals are not paid competitive salaries in India, theyll leave.
Rajendra K Aneja Mumbai
Kudos to Mukesh Ambani on becoming the first trillionaire of India. It comes soon after the PMs advice to industry on social responsibility. Are we forgetting the directive principle in the Constitution that seeks to prevent wealth getting accumulated in a few hands
VS Venkatavaradan Salem