Opinion - Letters to the Editor   

CEO salaries

This refers to the article "CEOs and the wealth of notions" (June 12). It is surprising that industry was outraged at Prime Minister Manmohan Singh's call to its captains to desist from paying extremely high remuneration to top executives, and discourage conspicuous consumption. True, Dr. Singh is the architect of economic reforms, the fruits of which the top executives are enjoying. But as Prime Minister, he has a greater commitment towards the people.

It is time the industrial sector realised its social responsibilities. As a first step, it should heed Dr. Singh's advice to cap the salary limits of the top executives.

K.V. Ravindran,
Payyanur

* * *

It is illusory to believe that corporates can be made to behave through exhortation. Dr. Singh's plea to industry is unlikely to serve any purpose other than providing fodder to the media mill for mindless debates.

If the government is serious about inclusive growth, it should intervene through policies and legislation on behalf of the common man.

Manohar Alembath,
Chennai

* * *

India is aggressive about its growth rate, acquisitions, and other development milestones. The corporates take away the creativity of youngsters by blinding them with mind-boggling pay packets. CEOs' shining salaries are nothing but instruments of exploitation.

Arun C. Adatte,
Pathanamthitta

* * *

One of the major causes for the widening economic gulf is the assumption that a high growth rate is synonymous with the welfare of all sections of society.

Growing economic inequalities and simultaneous concentration of wealth in the hands of a few are nothing short of imperialism.

B. Jayanna Krupakar,
Surathkal

* * *

At a global level, the concentration of wealth among the developed countries devastates the growth of developing countries; and at the national level, a few CEOs rob the share of other employees. Efforts should be made to create a democratic economy.

Gnana Bharathi,
Puducherry

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