CEO's at recession..

Recently, Forbes magazine list out World's wealthiest CEO's, which apart from recession , where job cuts are prevailing world wide, but still these CEOs drawing multi million paychecks in their accounts. So is the CEO salary justified ? Experts say, global economy is in turmoil because these high rank CEOs of big banks and corporations did not play their part as expected from them, and they let their employee leverage their positions in the toxic assets. So with these analysis, these CEOs did not command such hefty pay pacakages. Besides, when their fellow companions are under depression of losing their jobs, by very next second, how can these CEOs still enjoy multi million paychecks, and get them listed in forbes Wealthies list.

But, this time they should set up an example among their distress employees, by voluntering a pay cut, as done by Vikram Pandit , CEO Citigroup and Baba Kalyani, Chairman Bharat Forge.
Besides, they should look out for oppurtunties to expand their business, involve their employees in gathering ideas, which in turns result in improving employee motivation level and thus over all utilization. This is the time to follow the saying, Practice what you preach.

Thanks&Regards,
Mohit