Submit :
News                      Photos                     Just In                     Debate Topic                     Latest News                    Articles                    Local News                    Blog Posts                     Pictures                    Reviews                    Recipes                    
  
Corporate strategy behind NRI CEO's being paid so well
It is a matter of pride and happiness for us Indians, that some of Indian Origin CEOs are figuring in top 100 best paid CEOs like Ms Indira Nooyi (CEO, Pepsico) drawing $ 22.2 million and Mr Satya Nadella (CEO, Microsoft) drawing $ 18.3 million which is above the median pay of $ 14.5 million.

It is highly motivating for young students to work hard, go for higher studies in America and make a career there resulting in brain drain and a cost of $ 7 billion (Rs 45,000 crores) of foreign exchange, said Dr Saurabh Agarwal, Professor of Finance & Dean (Academics), Indian Institute of Finance.

Dr. Saurabh Agarwal strongly feels that giving appointment of NRIs as CEOs in American Companies like Pepsi & Microsoft is strong marketing strategies adopted by them to exploit India's large emerging markets to sell their products and also to attract Indian students to US Universities facing shortage of students.

According to Prof Saurabh Agarwal, India's population is three times the population of America. A young child even in remote villages is now demanding Pepsi over milk and school children wanting Wi-Fi & laptops over toilets, drinking water, desks and good teachers. According to him it is resulting in drain of foreign exchange reserves. It is surprising that none of the Americans ever appreciates that performance of people with Indian origin (NRIs) is due to their strong education base in India and not only due to acquisition of terminal degree acquired in America.

COMMENTS (0)
Guest
Name
Email Id
Verification Code
Email me on reply to my comment
Email me when other CJs comment on this article
}
Sign in to set your preference
Advertisement
merinews for RTI activists


Advertisement
Not finding what you are looking for? Search here.