So what if the global meltdown is causing job losses, the CEOs and top managers keep getting filthy amounts of salaries.
Despite losses the breathtaking salaries are somehow justified by the companies and bonuses are obtained by job cuts at lower and middle-level.
After US president Barack Obama chided the American industry honchos for their shamelessness in getting perks and raising their own salaries in times of recession, India Inc needs to introspect and take a decision.
For a country like India where there is a huge disparity between the poor and the middle class as also between the middle and upper-middle class, the high salaries are simply unjustifiable.
In fact, Indian CEOs and managers have the highest salaries in the world. Stung by the criticism, the Citigroup's CEO Vikram Pandit has announced that he will take a token $1 monthly salary till the bank again gets into profit.
Will this shame Indian CEOs and managers or they are even more shameless? If only a few top officials take salary cuts, dozens of jobs can be saved. See the chart above that shows how companies went into losses but the CEOs or MDs didn't give a damn and increased their pays without an iota of shame.
Wednesday, 11 February 2009
Sunday, 1 February 2009
Pramod Muthalik, the chief of Sri Ram Sena, symbolises what is wrong with our society. Anybody who has a band of ruffians and can create trouble or flirt with the law-and-order, becomes bigger than the law.
You or I will get harassed by the cops and official machinery. But if you have a saffron shawl slung on your shoulder and you can force your way in with goons, you can enjoy power over every institution.
Pramod Muthalik has dozens of criminal cases against him. In his speeches, he talks about making bombs and engineering communal clashes. His outfit has attacked Churches and the recent attack on pubs in just a reflection of what has band of vandals is capable of.
But when the BJP government came to power, it withdrew several cases that were registered against him. The BJP's claim of a party with a difference have long been exposed, as its cadre engage in violence.
The party uses them to further its plans. When it doesn't need them, it washes its hands off them. That's why the Sangh Parivar remains a danger to this country. After turning Gujarat into a hate lab, this experiment is now on in South India's Karnataka.
Maharashtra Navanirman Sena (MNS) terrorises North Indians, Shiv Sena terrorises Hindi speakers and the Kannadigas over Belgaum issue and Sri Ram Sene terrorises Chrisitans and women. They are all criminals but have no law applicable to them.
Sadly, in Indian society citizen has no right. Of course, hooligan has all rights. It is because citizens remain mute spectators to violence, whether it is in the name of caste, religion, region or any other damn issue.
And when these hooligans target them, there is nobody to speak for them. Shame on all of us for letting Hinduism hijacked by Hindutva-vadis.