TCS
TCS
on
SparklyBagel
SparklyBagel

CEO salary is Justified!

  1. Any company is owned by its shareholders and promoters
  2. Shareholders appoint the Board of Directors to protect their interests (profit generation) and oversee all aspects of the company
  3. Board appoints the Executives to run the day to day operations. CEO is the Chief Executive.

CEO's main objective is to ensure company makes profits. Board's main objective is to ensure the profits gets RETURNED to the shareholders (owners!).

Now read the TCS press release for FY24. It mentions that in FY24, 46,000 CRORES or 5.6 Bn USD is returned to the shareholders through dividends and share buybacks.

For such massive returns of 46,000+ Crores, CEO is paid 25 crores. Totally justified.

What about employees? You are just a resource, a tool to make money in exchange for a salary.

Welcome to Capitalism!

If you don't like this system, you have to think about alternative systems.

Finally, biggest skill in 21st century is the ability to separate facts from propaganda. Don't believe fancy statements and dont idolize businessmen.

14mo ago
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ZoomySushi
ZoomySushi
TCS14mo

Indeed, everyone is in it for the money. So don’t believe when someone says we are a family and you can have work life balance. Do your work and if it doesn’t pay well or mess with WLB, change to a place which gives more money.

SparklyBagel
SparklyBagel
TCS14mo

Totally true.

SqueakyDonut
SqueakyDonut
TCS14mo

Why are you so concerned about the CEO Salary ??

SparklyBagel
SparklyBagel
TCS14mo

Not concerned at all. Just explaining the logic behind it.

PeppyPenguin
PeppyPenguin

CEO salaries are generally justified

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