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What is so vulgar about our salary?
Updated On: 06 October, 2009 09:10 AM IST | | Nolan Pinto and Namita Gupta
Corporate Affairs Minister Salman Khurshid's statement against 'vulgar salaries' has gone down badly with Bangalore's CEOs, but finds support from unexpected quarters
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Corporate Affairs Minister Salman Khurshid's statement against 'vulgar salaries' has gone down badly with Bangalore's CEOs, but finds support from unexpected quarters
Bangalore's top earners are livid with Corporate Affairs Minister Salman Khurshid's advice against "vulgar salaries" for CEOs.
"Austerity means cutting down on wasteful expenditures," Kiran Mazumdar Shaw, CEO, Biocon, said. "If corporate CEOs are doing a good job, then I do not understand why we should be penalised."
Other CEOs agreed with her that the minister's idea was illogical, and another attempt to control corporate houses.
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Kiran Mazumdar Shaw, Biocon |
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