Here's proof that India Inc.'s worst kept dirty secret is actually based on facts.

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When CEO salaries breach the Rs 2-crore mark and India emerges as a fast-growing market for the world's priciest luxury brands, it is not surprising to hear voices - including that of the prime minister - advising restraint.

By the TV Today Network, the Rs 200-crore topline mark in 2006-07. Its revenues have grown over 20 per cent to Rs 202.44 crore (Rs 167.89 crore) and its net profit is up 12 per cent to Rs 31.09 crore against Rs 27.77 crore last year.

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With new industries and businesses taking off, the war for top management talent has pushed CEO salaries to record levels. But the fact is, not every CEO is getting paid obscenely and certainly not as much as what some CEOs in the US take home.

Are Indian CEOs overpaid? Mercer's study of the CEOs of the Wall Street Journal 350 showed median levels of total direct compensation to be at $6.5 million.

The HSBC CEO is clear that while the bank has gained in recent years from overall economic buoyancy, it has to grow faster.

In the corporate world, there are two types of people who like big-ticket deals. One, the CEOs and, the other, the investment bankers.

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