New Delhi: Shareholders of family-owned companies should question the quantum of emoluments being drawn by the chief executive officers (CEOs) of their companies, said the deputy chairman of the Planning Commission speaking to Karan Thapar in the programme 'Devil's Advocate' telecast on news channel CNN-IBN.Ahluwalia further added, "If you look at the ten best performing companies in India... Find out the salaries of top CEOs and then consider how many companies that are performing nowhere near as well are paying there CEOs three-four times that salary.
Ahluwalia said regulation of CEOs salary is a shareholder issue and should be decided by the remuneration committee of independent directors.
Defending the Prime Minister's recent remarks on CEO's salaries he said the PM did not mean that skilled and highly- skilled persons getting a good salary in a competitive market is "something to be objected to," Ahluwalia said. He further added that, "if you have a family controlled business and they owe themselves large salaries it is not necessarily the best thing to do."
Source: Domain-B
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