R. Durgadoss's Blog
October 18, 2011
Occupy Wall Street Movement
In the 80’s Peter Drucker observed that the CEO remuneration to the average employee remuneration is in the ratio of 40:1. Today it is hovering around 400:1 in the USA. Does that mean the CEO is 400 times brilliant than an average employee?
In the earlier days the remuneration gap was a function of intellectual gap or responsibility gap. Today the salary gap is driven more by the so called result gap. The result driven remuneration has given rise to manipulation of the short term profit and the philosophy of showing results at any cost. The greed to make money induce the top brass to manipulate profits and thereby enhance their remuneration. While the top brass walked away with the huge remuneration and the institutions got bailed out, the common man on the road got sold out. It is claimed that top 1 % of the Americans have too much.
Now the other 99% have got together and started the so called
‘’Occupy Wall Street’’ movement.
It is surprising to see such socialistic thinking in the root of Capitalism.
We do not know whether, we can create Saints but we should bring Sanity in the Boardroom.
This recalls Mr. John F. Kennedy’s words
“If a society cannot help the many who are poor, it cannot save the few who are rich.”
It is our duty to create wealth while human dignity is also enhanced.
Mr. Narayana Murthy, Chairman of Infosys,
stresses
“Bringing the power of greed driven capitalism to the benefit of
the masses is compassionate capitalism.”
Don't you agree?
In the earlier days the remuneration gap was a function of intellectual gap or responsibility gap. Today the salary gap is driven more by the so called result gap. The result driven remuneration has given rise to manipulation of the short term profit and the philosophy of showing results at any cost. The greed to make money induce the top brass to manipulate profits and thereby enhance their remuneration. While the top brass walked away with the huge remuneration and the institutions got bailed out, the common man on the road got sold out. It is claimed that top 1 % of the Americans have too much.
Now the other 99% have got together and started the so called
‘’Occupy Wall Street’’ movement.
It is surprising to see such socialistic thinking in the root of Capitalism.
We do not know whether, we can create Saints but we should bring Sanity in the Boardroom.
This recalls Mr. John F. Kennedy’s words
“If a society cannot help the many who are poor, it cannot save the few who are rich.”
It is our duty to create wealth while human dignity is also enhanced.
Mr. Narayana Murthy, Chairman of Infosys,
stresses
“Bringing the power of greed driven capitalism to the benefit of
the masses is compassionate capitalism.”
Don't you agree?
