 "Brokerage top brass take pay cuts as earnings fall")
A company’s performance depends on how the CEO steers it and is tied to his/her performance. As a CEO’s pay is proportionate to the company’s income, it is only fair that when the going gets tough, the CEO should take a pay-cut.
[caption id=“attachment_435450” align=“alignleft” width=“380”]  The head honchos have taken 15-68 percent cut in pay while the companies’ profits fell 24-45 percent, the report said. Flickr[/caption]
An Economic Times reportsaid the top brass of brokerage firms, including Geojit BNP Paribas, Edelweiss and Motilal Oswal, have taken pay cuts in FY12 following a fall in their earnings.
The head honchos have taken 15-68 percent cut in pay while the companies’ profits fell 24-45 percent, the report said.
However, there are a few others such as Sunil Godhwani, chairperson & MD of financial services group Religare Enterprises (REL), and Aseem Dhru, MD & CEO of HDFC Securities whose salaries rose.
Read the full report here.
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
](https://images.firstpost.com/wp-content/uploads/2012/08/salary_flickr.jpg){kind=link}