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Chiefs of sick PSUs may get ‘turnaround prize’

New Delhi: The government is waking up to the merits of rewarding performance instead of merely infusing funds into sick state-owned companies. The Department of Public Enterprises has proposed a lumpsum payment of Rs 10 lakh per year or up to 2.5% of profits to chief executives who turn around loss-makin  ....Read more

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2 Comments |
EconomicsBy: PC Jena | Wednesday , 7 Jan '09 11:23:24 AM Reply | Forward It is a better idea but does it continue forever. So,decide ;no politics out of this idea please.
Turn around and profit shareBy: B Basu | Tuesday , 6 Jan '09 11:31:06 AM Reply | Forward Profit share will go to only the Top Man? Employees dont have any contribution in the game of turn around? Govt should devise a right way.
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