IITs' inflation theories

Placement season has become such a jamboree that committees at the Indian Institutes of Technology (IITs) have started keeping a close watch on news reports in various national dailies. Some are even calling the newspaper offices to inform them if any IIT has reported exaggerated salary figures. Last week an IIT placement chairperson called a journalist to inform him that a particular IIT had exaggerated the highest annual pay package reported in the media. On cross-checking with the IIT concerned, it turned out that while other IITs did not include dividend, variable and bonus components in the pay packages, this IIT did.