On 20th of January, 2009, when Barack Obama was sworn in as the 44th President of United States of America, delivering one of the most outstanding speeches ever, many would have thought it to be a tokenism, as reversing the economic fortune of the current order is easier said than done. Only time would perhaps prove how much he would succeed eventually. But if one has to go by the precedence being set on each passing day, Obama is perhaps not just on the right track, but is also indicating why he is the only person who deserved to be there in these times. By announcing his intentions in clear cut terms of curbing the salaries of top executives of companies to a ‘maximum’ of $500,000, which have been seeking bailout packages from the US government to remain afloat (under the Troubled Asset Relief Program), Obama has made it clear that the much needed change of fortune of the US would not happen unless the highly skewed income disparity is arrested and the culture of carrying on with obs...
Dr. Arindam Chaudhuri
(An IIPM Think Tank Blog)