Narayana Murthy on CEO's salary & work from home
Infosys co-founder Narayana Murthy is batting to maintain an equilibrium between the balance of power in companies, the CEO and management, and the board of directors, to check scams and frauds, and to ensure that corporate resources are misused to gain personal riches.
The senior industry leader shared that managerial remuneration has to be a fair multiple of the compensation of the lowest level employee in the company. "If the lowest paid employee's remuneration was Rs 2-3 lakh a year, the CEO remuneration should be Rs 70-80 lakh," he said.
Sharing his thoughts over work-from-home during the pandemic he shared that he isn't a "great fan".
He further added that he believes the office is the place to work, home is the place to spend time with your loved ones. Mixing the two is not a good idea on a long-term basis. Yeah, he understands that there is no alternative therefore, we have adapted. But this should be a short-term solution.