Read an interesting fact in ET 2day. "As many as 640 directors of public listed companies took home more than Rs. 1 Cr for year ending March 2009, compared to 570 in the previous year." The article further states that the figure could go up to 3000 people getting that amount if all the companies (listed or unlisted) are included.
Well I am sure these people showed exemplary skills at warding off the ill-effects of the recession and lead their companies through innovation. Also I am sure they proved to be a real value creators for their companies. But given the fact that it was also a time when many people were asked to reconsider their salaries, these guys should have declined the bounty!!
Well so much for the "Self Actualization Need" Theories!!
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