| CEO pay: Khurshid leaves it to the board | 17-NOV-09 |
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| Making it clear that it does not want to play the regulator by intervening in executive remuneration, the government today said the board is the appropriate body for it, but opined it needs to be ensured that such decisions are taken democratically. |
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| Merger norms of CCI Act would benefit industry: Khurshid | 06-NOV-09 |
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| The government today expressed its commitment to make it mandatory for companies to seek anti-monopoly watchdog Competition Commission of India's (CCI) approval for mergers and acquisitions (M&A), saying the move would benefit India Inc. |
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| SFIO will continue Satyam probe: Khurshid | 05-NOV-09 |
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| The Serious Fraud Investigation Office (SFIO) will continue its investigation into alleged corporate law violations by Satyam founder B Ramalinga Raju but other agencies would probe breaking foreign exchange rules, Corporate Affairs Minister Salman Khurshid said today. |
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| Mukesh's decision to take pay cut commendable: Govt | 17-OCT-09 |
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| The government today lauded RIL chief Mukesh Ambani's decision to take a pay cut and said the industrialist had shown a “remarkable sensibility” towards the prevailing scenario with this voluntary step. |
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| Mukesh's decision to take pay cut commendable: Khurshid | 16-OCT-09 |
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| The government today lauded Reliance Industries (RIL) chief Mukesh Ambani's decision to take a pay cut and said that the industrialist has shown a "remarkable sensibility" towards the prevailing scenario with this voluntary step. |
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| Setting 'example', Mukesh takes pay cut | 16-OCT-09 |
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| Reliance Industries (RIL) Chairman Mukesh Ambani has decided to take a big pay cut. His pay for 2008-09 has come down by 66 per cent, or nearly two-thirds, to Rs 15 crore from Rs 44 crore in the previous year. |
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| Blame it on Bollywood | 15-OCT-09 |
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| Call it the Bollywood effect. At his press conference in Mumbai during the election campaign, Corporate Affairs Minister Salman Khurshid repeatedly gave film references. When someone alleged the Congress party had given very few seats to Muslim candidates and could be accused of neglecting the community, Khurshid recited lines from the famous Anand Bakshi song from the movie Amar Prem, “Kuchh to log kahenge, logon ka kaam hai kehna” (people will say something, that’s their job). After a few minutes, a chit was passed on to him saying that Minister of State in the Prime Minister’s Office Prithviraj Chavan had arrived for the next press conference. Khurshid wrapped up his press meet while saying, “This was just the matinee show. Now the evening show will start. |
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| CEO salaries: One has to pay talent, says Ficci | 12-OCT-09 |
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| Amid the raging debate over high CEO salaries, industry chamber Ficci's President Harsh Pati Singhania today said if talent is to be attracted one has to pay for it and that in most cases they are "within limits". |
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| Banks may be kept out of CCI ambit | 12-OCT-09 |
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| The government would examine the possibility of keeping banking and shipping sectors out of the purview of the Competition Commission of India, Corporate Affairs Minister Salman Khurshid said. |
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| Pay control will corrupt corporates | 12-OCT-09 |
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| In an environment of competitive symbolism with austerity measures, the debate triggered by Union minister for corporate affairs Salman Khurshid over managerial remuneration is indeed ominous. |
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| Pratip Kar: Vulgarity in executive compensation ? a point of view | 12-OCT-09 |
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| The meaning of a word is intrinsically connected to its definition. It is determined fully by how we choose to define it. Since we have chosen to define the day as the period of time which elapses between sunrise and sunset, we call that time the day; we could have reversed the definition and called it night. We have elected to call a colour green, so it is called green, we could name it red as well. Take the word vulgar for example. What is vulgar would depend very much on how we opt to define it. Would we in India call the Khajuraho sculptures, or those which adorn the walls of some of our temples, vulgar? Well we may hesitate to do so and try and find a convincing spiritual rationale for it. But someone else from another land may not agree, since his definition of vulgarity is different. |
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| Sunil Jain: Forget Ambani, think Goenka | 08-OCT-09 |
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| Most are focused on the salaries of the Ambani brothers when it comes to the ‘’vulgar’’ salaries Corporate Affairs Minister Salman Khurshid spoke of. The Ambanis, it turns out, take home very reasonable fractions of their companies’ sales/net profits — 0.03/0.23 per cent in the case of Mukesh and 0.22/0.63 per cent in the case of Anil. The Marans of Sun TV, Kalanithi and wife Kavery, in comparison, took home 7.36/16.96 per cent of sales/net profits (see graphic). |
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