PM's remark on CEO salaries- right?

"Addressing a CII meeting, the PM said while Indian industry's success in wealth creation is worth celebrating the corporates should share the benefits of economic growth with the common man. The companies should contribute more to employee welfare and desist from granting excessive remuneration to promoters and senior executives."

Manmohan Singh said that the industry should 'resist excessive remuneration to promoters and senior executives and discourage conspicuous consumption'

And the other side....

"These things cannot be legislated. Shortage of skills in key areas at the top level is a serious and genuine problem specifically in the services industry, which is facing pressure of high salaries," news agency quoted the new president of the Confederation of Indian Industry Sunil Mittal as saying.

Is the PM correct in making such statements?

A country's Govt. should concentrate it's effort on raising the income level for every people, not bring it down. It's not the private sectors' fault that the Govt. employees don't earn that much, and to ask the private sectors to bring down their salries because those in Govt. services don't earn as much as them is unjustified. Moreover, as far as the lower rung employees in private sectors are concerned, even they earn much more than Govt. employees in similar positions. In the present scenario there is a dearth of able CEOs and MDs, so obviously their salaries are more competitively positioned. If the Govt. can create more jobs than the no. of degree holders churned out by the various colleges and universities, then even the salaries of the junior level employees will rise. But the question is, is the Govt. willing to take that responsibility or will they go on pointing finger at the private sector, hoping that the pvt. sector will cover up for the Govt's inefficiency.

Originally posted by: Gauri_3

when a company fails, we hang these guys...then what's wrong in paying them good when the company is doing good??? After all, they are not government employees with in-built job security built in their position!!!

The PM should be focussing on how his govt. can help the common man rather than pointing fingers at the CEOs who got their position based on merit rather than reservation.....the card played by each and every political party to date. Try keeping the politicians honest, for a change, before cribbing about who should be making what in private sector.

if you can earn in one year what it would take a government employee over 100 years to earn, then who needs job security?😉 mei toh kehta hoon aisa job insecurity sab ko lage😛. kyoon madam?😆

Originally posted by: chatbuster

if you can earn in one year what it would take a government employee over 100 years to earn, then who needs job security?😉 mei toh kehta hoon aisa job insecurity sab ko lage😛. kyoon madam?😆

arrey chatty boy...wo hi toh mein bhi keh rahi hoon. Instead of commenting on CEO salaries, PM should focus on doing his job right yaar. The CEOs in private sector have too much pressure on them hence the compensation package is justified. If they are not paid handsomely, why would someone want to work this hard...hai na😊.....bhagwaan karey tumhey aur mujhey toh yeh insecurity zaroor lagey...aur mujhey nahi lagi toh make sure you remember me when you become the CEO of a top notch company....I'll handle your audit department for you😉😆

Originally posted by: raunaq

how come ambanis and tata walas not in the list? 😕

Ambanis and Tatas earn in Arabs (not in crores)😆

Originally posted by: souro

A country's Govt. should concentrate it's effort on raising the income level for every people, not bring it down. It's not the private sectors' fault that the Govt. employees don't earn that much, and to ask the private sectors to bring down their salries because those in Govt. services don't earn as much as them is unjustified. Moreover, as far as the lower rung employees in private sectors are concerned, even they earn much more than Govt. employees in similar positions. In the present scenario there is a dearth of able CEOs and MDs, so obviously their salaries are more competitively positioned. If the Govt. can create more jobs than the no. of degree holders churned out by the various colleges and universities, then even the salaries of the junior level employees will rise. But the question is, is the Govt. willing to take that responsibility or will they go on pointing finger at the private sector, hoping that the pvt. sector will cover up for the Govt's inefficiency.

What dearth?...Main kab se nazaren bichhaye baitha hoon.......kisko CEO chahiye Souro...mujhe zara pata thikana bhejna 😆