Tuesday, June 12, 2007

Chief Destruction Officer!

I have never heard this one before but according to a quote attributed to Tom Peters in The Hindu, he refers to CEOs as CDOs - Chief Destruction Officer! Highly compensated guys who work tirelessly to blow up their own companies before their competition does.

In an uncanny replay of a similar scenario that is being hotly debated in the US, CEO compensation is the topic of discussion these days in India Inc. According to today's editorial in The Hindu, Indian CEOs are much better off than their counterparts throughout the world when their compensation is taken as a percentage of their company's profit. If the salary difference between a CEO and the company's lowest paid employee (x1000) is a cause for angst for many in the US, consider that the difference is between 15,000 to 20,000 in India.

Prime Minister, Manmohan Singh, urged companies to take a hard look at this issue and of course prompty came under fire because his suggestion was considered as anti-reform!

1 comment:

Anonymous said...

where do I apply? I am good at destroying things, I wouldn't mind getting paid for it (rather than getting yelled at by the wife). Keep your eyes open, I will update my resume.