Letter: Timely message
One must thank Murthy for showing courage to speak up against COO salary hike
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With reference to “Infy founder, board rift erupts again” (April 3), one must thank Infy founder N R Narayana Murthy for showing courage to speak up against the chief operating officer’s (COO) salary hike. The message which he has conveyed to the COO of Infosys is also a timely reminder to all corporate honchos who continue to hike their own salary disproportionately. No one is questioning performance-based rewards but it cannot be at the cost of many others whose contribution also needs to be measured while revising salaries. Quite often, those who are in the appraisal team do not have an honest and objective knowledge but care for salaries of their own and a coterie under the guise of “star” performers. Probably Murthy would leave a footprint in Indian corporate history as a founder, who has spoken on behalf of the employees whose trust in the board and management cannot be allowed to erode. If bosses continue to behave like the political class when it comes to salary and perks, the next generation would think twice before joining the private sector.