IT honchos and wage cut

IT companies honchos take a salary cut is no doubt good news to fool the public and not a scarifice to be worth emulating or taken note of. They are taking dividends in crores of rupees and they do not know what to do with the money they earn. No grouse or grudge on that. They have undergone the trouble and sacrificed a lot to bring up the companies and they deserve what they enjoy.But taking a pay cut in their salaries should not be projected as a great sacrifice they do is not easily digestible to justify deferment or wage cut to their employees. These honchos can sacrifice part of their dividend and take care of employees. Let not them fool the employees or the public as everybody knows that the entire dividend is tax free thanks to the unjustifiable taxation policies in this great economy where every transaction undertaken by common man is taxable under service tax and indirect tax and he is finding hard to make both ends meet because of persisting high inflation and what not? Let the honchos pl not make public the sacrifice they do as employees know how exploitation takes place in each and every company and public are taken for a ride by our so called democratic way of governance.

(this has been piblished in ET dated 27/06/12 in response to the news item IT honchos take a wage cut)