By NNN-PTI,
New Delhi : Having launched an austerity drive to check public expenditure, the government has advised India Inc to refrain from doling out “vulgar” salaries to CEOs.
“I think when we are working on this (austerity), we can hardly say that we (will) shut our eyes on what salary the CEOs are going to take,” Corporate Affairs Minister Salman Khurshid told PTI when asked how the government intends to control salaries of CEOs which at times appear vulgar.
Pointing out that salaries of CEOs should be decided by shareholders, he said, “I don’t think anyone in India today, in politics or outside politics … has reached the level of liberalism where vulgarity is also a fundamental right.
“Minister should not be judging who deserves what salary.
We are moving away from control to regulation. But it doesn’t mean that you are going to be completely free,” he said.