Should we worry too much about CEO salary !
Yesterday, read an article on ''Vulgar Salaries of CEOs'' @ Business Standard
''Having launched an austerity drive to check public expenditure, the government has advised India Inc to refrain from doling out “vulgar” salaries to CEOs''....No 'vulgar' salaries please, Khurshid tells India Inc (Business Standard, October 5)
I think intention of Hon'be Government of India to extend austerity drive to corporate sector is good? But I fear it may stop investment coming in. As of now in any public listed company, shareholders are aware of CEO salary and if shareholders are not comfortable with that, obviously it will reflect in the market.
In the same context, do Government controls spending by private firms, individuals, celebrities who earn and spend billions? Government can request them not to spend too much but do we need rules to control individual spending? I think rules will not work out and if Government initiates such rules, more money may go unaccounted ( or black money reserve will go up!).
More importantly Government should start checking fake money and black money reserves? CEO salary is taxable but how about billions of cash flowing in our system, without paying any tax, that too unaccounted.
We need to prioritize needs of the country? Are we looking at just austerity 'drive'? We need more investment, more employment opportunities, fast track poverty alleviation, 100% literacy, better health care facilities, better infrastructure etc.
We have more serious issues in our country. We need better disaster management systems (see how flood and drought made common peoples' life miserable), we need strategies to find and destroy fake money pumped to system ( India's fake bazaar by HT) , we need effective systems (digital currency) to stop corruption
What do you think
''Having launched an austerity drive to check public expenditure, the government has advised India Inc to refrain from doling out “vulgar” salaries to CEOs''....No 'vulgar' salaries please, Khurshid tells India Inc (Business Standard, October 5)
I think intention of Hon'be Government of India to extend austerity drive to corporate sector is good? But I fear it may stop investment coming in. As of now in any public listed company, shareholders are aware of CEO salary and if shareholders are not comfortable with that, obviously it will reflect in the market.
In the same context, do Government controls spending by private firms, individuals, celebrities who earn and spend billions? Government can request them not to spend too much but do we need rules to control individual spending? I think rules will not work out and if Government initiates such rules, more money may go unaccounted ( or black money reserve will go up!).
More importantly Government should start checking fake money and black money reserves? CEO salary is taxable but how about billions of cash flowing in our system, without paying any tax, that too unaccounted.
We need to prioritize needs of the country? Are we looking at just austerity 'drive'? We need more investment, more employment opportunities, fast track poverty alleviation, 100% literacy, better health care facilities, better infrastructure etc.
We have more serious issues in our country. We need better disaster management systems (see how flood and drought made common peoples' life miserable), we need strategies to find and destroy fake money pumped to system ( India's fake bazaar by HT) , we need effective systems (digital currency) to stop corruption
What do you think
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