Is the CEO 400 times more important than you?

 

Image credit: http://s3.amazonaws.com/corpwatch.org/img/original/6-25-CEO-Pay.jpg

 

This is no secret.

The leaders of most of the top 100 Indian corporations make at least Rs 10 million per month, plus annual bonus. Leaders who have the ability to run a major corporation deserve to be compensated well. But talented executives are not that rare.

On the other hand, the average salary of a worker in these same corporations is less than Rs 25,000 per month. This is a mockery of the role all the workers in making the organization buzz. Or is it tick? Hum is probably what I have in mind.

To think of it, even in the United States, CEOs make 300 times the salaries of their workers.

What is worse than mockery? Disdain. That’s how many rank and file people feel they are being treated. Corporate boards would do well to heed the rumblings of rank and file workers. Those with high values do. One, two, three….Are there any more?

Defenders of generous leader pay packages justify the quantum by comparing them(selves) to cricket superstars and Bollywood icons. Are we comparing apples with oranges? These superstars have peaked to top performance within a shorter life-cyle.

The irony of this is that we’re in the land of Mahatma Gandhi.

What do you think? What is a more equitable method of compensation for our CEOs today?

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*The MADE IN INDIA tiger is a creative representation of the idea behind becoming a manufacturing behemoth in the global markets. Any resemblance to any other logo, is purely unintentional.

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About Suresh Lulla

Suresh Lulla is Author of Quality Fables 1/2/3; Founder and Mentor, Qimpro Consultants Pvt Ltd; Founder & Managing Trustee, Qimpro Foundation; Founder & Director, BestPrax Club Pvt. Ltd.; Co-Chairman, IMC Ramkrishna Bajaj National Quality Award; Director (Member Engagement), Global Benchmarking Network; Executive Mentor, Emerging Quality Leaders Program, American Society for Quality; Distinguished Alumnus, Indian Institute of Technology, Bombay
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