Well we are a country of 110 crore + and just we have 1000 odd IIM seats ...definitely this move is a welcome one and may be the quality and brand would seems to be diluted in initial years,but looking back after 10 years or so we will realise what a timely and how important starting new IIM s...
Salary is not the fore most thing of Employee satisfaction --but still it can't be completely out of the equation.All other motivation,self respect,accountability will hold good if only the salary quotient is taken care of properly...