Salman Khursheed clarifies his stand on pay structure of company executives.Byline: ANI New Delhi New Delhi (dĕl`ē), city (1991 pop. 294,149), capital of India and of Delhi state, N central India, on the right bank of the Yamuna River. , Oct 5(ANI): Corporate Affairs Minister Salman Khursheed on Monday clarified his stand on companies paying exorbitant salaries to top company executives and managers, and said that the Government welcomes the top company brass to lead an austere life-style. Talking to Noun 1. talking to - a lengthy rebuke; "a good lecture was my father's idea of discipline"; "the teacher gave him a talking to" lecture, speech rebuke, reprehension, reprimand, reproof, reproval - an act or expression of criticism and censure; "he had to media Khursheed said that the display of wealth and opulence is unacceptable in the present scenario. "We are in the age of austerity Austerity See also Asceticism, Discipline. Amish conservative Christian group in North America noted for its simple, orderly life and nonconformist dress. [Am. Hist. and I am conscious of the fact that a year ago it was the Prime Minister who indicated that we in this country where we are grappling with enormous issues of poverty and empowerment where we follow the footsteps of Mahatma mahatma (məhăt`mə, –hät`–) [Sanskrit,=great-souled], honorific title used in India among Hindus for a person of superior holiness. Mohandas Gandhi is the best-known figure to whom the title was applied. Gandhi and try to live our life as much (in) simplicity as possible," Khursheed said. Further he mentioned that the decision of executive salaries must be decided in a democratic matter. "I believe the cap on salary must be rational, it must be clear it must be something that is well known, it must be subject to shareholders democratic decision making. It should not be in the hands of Government, as the government doesn't control. The Government merely regulates. The Government is the partner in the matter of growth of Indian economy and that is the attitude that we have taken," he added. (ANI) Copyright 2009 Asian News International The Asian News International (ANI) agency provides multimedia news to China and 50 bureaus in India. It covers virtually all of South Asia since its foundation and presently claims, on its official website, to be the leading South Asia-wide news agency. (ANI) - All Rights Reserved. Provided by Syndigate.info an Albawaba.com company |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion