Generous Indian CEOs

I begin to wonder whether slavery which used to exist in the colonial era is making its way back but in a milder avatar. It is more indirect and I think many would argue with me for the usage of this word initially but let us see what do you feel at the end of the essay. India after having liberalised has seen vast improvements in its economy, thanks to the various flourishing sectors.

The private sector is playing a pivotal role in the economic development . It employs lakhs and lakhs of people ,provides products and services of international quality and in some cases has extended its role in social causes too. But yet India remains a country with wide differences. On one hand it has large number of millionaires and billionaires and in the lower end has people who struggle to eat three meals a day. The disparity seems to be getting wider and wider each day.

The majority of Indians reveiving graduate level eduacation join these private companies and toil night and day to just get paltry incomes. The ownership is just reluctant to part with the profits which the employees deserve. They like to keep the major share of the profits to themselves and their close relations. Even listed companies having a family oriented business origin indulge in these selfish motives.

The Economic Times survey of CEO Salaries of Indian companies reveals the attitudes of these gentlemen who spearhead India Inc. Some of them have had pay rises greater than the growth rate of their companies. I dont think any law can stop them from taking such hefty pay packages but one thing which can is their inner voices. I dont understand how these brilliant people fail to recognise the efforts of their employees or may be they are staying ignorant inspite of their knowledge about how important are the employees in the performance of the company.

Even the Prime Minister of the country raised concerns about the sky high packages of the CEOs but those words fell in to deaf ears Mr.PM. If India needs to grow and if it wants to have a inclusive growth , a cap or a ceiling must be put on the salary levels of individuals. The top managements of all the companies should be ready to share profits among its employees equally and should pave the way for a country in which people get to use the resources of the land on a equal basis.