Take the salary of the CEO of the troubled airline Kingfisher Airlines. The word has it that his salary almost doubled in FY12 from what he took home the previous year. And all this despite the firm falling deeper and deeper into a financial mess. What more, the king of good times is not alone in this endeavour. Almost all the major airlines have rewarded their CEOs with an equally hefty pay rise.
We wonder what this would do to the morale of numerous employees in the industry. Forget pay rise, most of them have seen their pay checks ceasing to come in anymore. As far as we are concerned, well it gives us one more reason to defend our stand of not looking at this sector as a good investment candidate.