Top Management

In present scenario when dark clouds of economic crisis still loom over multinational corporations, companies are fighting hard for their survival. Once czars of their domains and nations pride; names like GM, AIG and Citibank are on the verge of bankruptcy. Strategists are burning midnight oil to keep these big names afloat. Governments are providing massive bailout packages and buying stakes in these companies to save thousands of jobs. Leaders from these corporations are setting examples for their comrades by working harder and giving away big slices of their packages and bonuses. Citigroup CEO said he will take salary $1 a year and that too without any bonuses till banking major returns to profitability. This example clearly shows western corporations are pushing for top to bottom approach i.e. slicing off big expenditure so the shock is felt least at the bottom layer. However back in India companies have totally opposite approach i.e. bottom to top. Think tanks here are showing doors to number of employees, imposing salary cuts, interdicting promotions salary hikes and even cooling down hot coffee vending machines. However in this time of global meltdown when tissue papers are disappearing from shelves in these institutions, Top management is enhancing pay packages of their TOP personnel and board members. Hopefully these intellectuals will understand blocking supplies of coffee powder, tissue papers and stationary doesn’t even amount to 1% of monthly pay packages of our Leaders Top Managers. They should really understand an institution can outperform when the leaders lead from front. Leaders are meant to set examples to look up to and be a guiding torch in dark times. Talking big, and calling an organization as a BIG united family sounds less meaningful when parents eats child’s hard earned share.