Pay Packets

Says linking salaries to market realities does provide one vector for determining CEOs' compensation

Rahul Bajaj : Bajaj Auto
2000-01 salary : Rs 55.37 lakh
Firm's EVA: Down

Feels restricting CEO salaries as per a set formula cannot be applicable for all companies in all situations

Rajan Nanda : Escorts group
2000-01 salary : Rs 109 lakh
Firm's EVA: Down

Thinks one can attract high calibre leaders to manage world-class businesses only through better packages

N.R. Narayanmurhy : Infosys
2001-02 salary : Rs 20 lakh
Firm's EVA : Up
Advocates that CEOs pay should not be more than 15-25 times what is earned by the lowest-paid employee