October 17, 2009

He who plays the Piper calls the tune

I was so outraged with our Minister for Corporate Affairs last week asking CEOs to take salary cut and refrain from vulgar salaries!! Now, I have a problem with this call. Firstly, how can he interfere in this domain of internal company affairs? Secondly, who decides what is vulgar display of wealth and what is decent?

I wanted to shoot off a post immediately but got delayed:-). Today, the Times of India has carried an excellent column by Gurucharan Das and you all must read his article. He has articulated my sentiments so completely, and I could not not have put it down so beautifully.

Its a very disturbing trend I am noticing with this UPA government; during their previous stint, Manmohan Singh called for reservations in the Private Sector and that got canned for obvious reasons. Today, his colleague wants a cap on CEO salaries. There is surely a limit to which politicians can go with vote-bank politics!

How can we ever hope to come out of poverty and uplift or empower the poor, if we continue with such regressive, short sighted visions of politicians? How can industry and entrepreneurial spirit of Indians ever prosper and flourish in this warped and stifling environment?

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