Salman Khursheed clarifies his stand on pay structure of company executives
5 Oct 2009, 2122 Hrs

Add comment          Mail          Print          Write to Editor

New Delhi, Oct 5 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 media Khursheed said that the display of wealth and opulence is unacceptable in the present scenario.

"We are in the age of austerity 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 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)

Related Latest

India has not changed stand on climate negotiations: Minister Government official to pay for refusing information under RTI Nicole Kidman clarifies 'strange sexual fetish' comments No fight among cadres, clarifies Mumbai police chief Locals pay tribute to Indira Gandhi in her constituency Danish soccer hooligan asked to pay 120,000 pound fine Brazil airline company to test sugar-based aviation fuel Canadian PM to pay obeisance at Golden Temple Oz swimmer Rice dumps management company to self manage her career Oprah's production company apologises over false Dubai claims

Related Latest

Afghan president to form new cabinet in 'near future' Government itching to go after Maoists, says top cop Indo-Bangla border to be fenced by March 2010: BSF chief 'Dealing with security requires changed mindset' Experts have supported genetically modified brinjal: Minister India to develop swine flu vaccine by 2010: Azad CBI files additional charge sheet in Satyam case Shilpa Shetty drags sick Adnan Sami out of hospital bed Pandemonium in Rajya Sabha over Liberhan Commission report Justice Liberhan asks media to read the report before asking questions

• Afghan president to form new cabinet in 'near future'
• Government itching to go after Maoists, says top cop
• Indo-Bangla border to be fenced by March 2010: BSF chief
• Pandemonium in Rajya Sabha over Liberhan Commission report
• Justice Liberhan asks media to read the report before asking questions

• भारतीय क्रिकेट की मजबूत दीवार
• कंगारूओं के आगे ढेर, चीतों से कैसे मुकाबला करेंगें शेर
• Reducing greenhouse gases may not be enough to slow global warming
• बीकानेर महापौर चुनावः एक विश्लेषण
• Deepawali: The Festival Of Lights