The debate over remuneration of CEOs grew louder, today, with Planning Commission Deputy Chairman Montek Singh Ahluwalia saying that company heads should not be paid indecent salaries. Speaking to reporters in New Delhi, Ahluwalia said there are concerns over the issue, especially when governments across the world have pumped in 1.6 trillion dollars to bail out the global economy from the financial crisis. Calling it a global concern, he said it is the responsibility of corporate boards to fix CEO's salaries judiciously.Meanwhile, Corporate Affairs Minister Salman Khurshid clarified today that the government does not intend to control remuneration in India Inc., but it has to remain under some regulation.
News On AIR | October 5, 2009 6:15 PM
CEOs should not be paid indecent salaries, says Montek