While the toiling masses are fighting to have at least the barest minimum wages for a living and to maintain their families, the salaries of CEOs and Heads of corporates are rising high in to the skies. There seems to be no limit.
The latest in this series is the salary fixed for Vishal Sikka, the newly appointed CEO of Infosys. It is $ 7.2 million or about Rs. 30 crore. In addition, he will also get Rs. 12 crore in stocks, which he can dispose after a certain period. It is stated that this is the biggest salary paid to any CEO in India.
But there are others who are getting more than this, since they are owners or promoters of their companies.Naveen Jindal was being paid Rs. 87 crores, Kalanithi Maran Rs. 68 crore and Bhattacharya Chairman Hindalco Rs. 20.6 crores. These are only a few, but many more are there in the similar lines.
The inequalities are increasing day by day. In a few years, the slogan of the US youth that 1% owns 99% of wealth and 99% owns 1% will come true in India also. The neo-liberal policies being implemented by the government of India (both earlier by UPA and now by NDA) is heading towards this dangerous situation.