CEO pay growth has outpaced revenue and profit growth in corporate India for several years. During the COVID-19 crisis, CEOs were expected to have some forbearance and put employees before themselves. But not all CEOs heard the clarion call. Several promoter CEOs continued to pay themselves, at the cost of lay-offs, pay cuts, and reduced profits. No amount of ESG espousing can make up for how employees in these companies have been shafted.

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