Vir Sanghvi's Conspicuous consumption and the PM (Reflections, June 10) has tried to interpret the speech made by the PM. Slashing the CEO’s perks has to be seen in context. Sanghvi is right that it is necessary to improve the lot of the poor instead of borrowing from Peter to pay Paul.
P M Gopalan, Mumbai
After two-weeks, Sanghvi could have presented a better analysis. The PM’s mild request to the tycoons to sacrifice a bit for the poor has been intentionally misinterpreted by a segment of the media. He has not committed an unpardonable crime by dreaming of making the poor a little bit less poor by seeking outside help.
R N Kohli, via e-mail
Sanghvi shouldn't pin the blame on the PM. The defence of conspicuous consumption and obscene salaries betrays the author's lack of sensitivity to the huge economic disparity in India. A profit-making company must reward all stakeholders and surplus should either be reinvested for growth or saved for a rainy day.
Arvind Mehta, via e-mail
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