tag:blogger.com,1999:blog-3202774368551476669.post5337962942366358651..comments2023-09-15T16:21:31.980+05:30Comments on INDIAN CORPORATE LAW: Regulating the Pay of Bankers in the Private SectorUmakanth Varottilhttp://www.blogger.com/profile/12438677982004444359noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3202774368551476669.post-31590878570977282482012-01-20T09:51:51.776+05:302012-01-20T09:51:51.776+05:30Sharing a few thoughts @
http://vswaminathan-vswam...Sharing a few thoughts @<br />http://vswaminathan-vswaminathan-swamilook.blogspot.com/2012/01/payees-skills-x-pay.html<br /><br />Reproducing comment @ the Economist ><br />On a reading of the article, also of the previous comments, the impression seemingly given is that, it cannot be flawed as bereft of any logic so long as for deciding the 'pay' (initially or over a period) the factor of individual 'skills' is applied as the essential criterion. But then, from a pragmatic point of view, 'human nature' and each one's ‘mindset’ being what they are, that cannot be taken to hold good, much less as a universal policy, or foolproof enough to be applied blindly. One reason is that, - after all, an appraisal by the management of payee's 'skills' is not a one-time affair; but would have to be a continuous process. Further, in order to be ideally effective, appraisal would require being by a higher-up competent enough, a man of known intellect and integrity, strictly impartial, so on and so forth. Again, without payee making full and sincere use of his skills, so as to justify his pay, fixation of pay based on the factor of 'skills' alone may prove a 'flawed logic'. All said, one is left painfully wondering whether there could conceivably be any expert <br />solution, really workable!><br /><br />On the other linked article, of specifics to 'bankers', some of the posted comments are seen to truly portray the sharp reactions, justifiably so,of those at the receiving end (i.e. the 'depositors' serv(ic)ed by the so-dubbed financiers). Albeit, in final analysis, the bankers' relationship to the 'depositors' is that of 'trustees' in every sense of it.vswaminoreply@blogger.com