Business Standard / New Delhi Oct 07, 2009, 00:36 IST
Corporate Affairs Minister Salman Khurshid needs to be supported in his endeavour to put a cap on vulgar salaries of corporate CEOs. In recent times, aviation companies have gone to the government for a bailout while, at the same time, they have not even paid their dues to PSU marketing companies — these PSUs cannot even protest and cut off ATF supplies since these corporate chieftains enjoy the support of top politicians.
The same applies to real estate companies. Why should the government first allow their CEOs to pay themselves so much that their companies get sick and then spend large amounts of money/tax concessions to bail them out? If Indian industry does not get its house in order, the government must step in.
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