Daily Archives: December 31, 2008

Virtues Of Economy.

Virtue is best defined as a moral excellence.It is a conformity  to a standard of right.

The ethics in economy are moderated to convenience.Today the image of duplicity lingers.Corporates have two faces.A genil face is shown to the public gaze and a sinister face away from the populace.This is the doctrine of public virtue and private vice.

Recent virtues of economy are, theft,insider trading, deceit ,profit at all costs,greed and arrogance.

The latest addition  is laziness.

Top executives have minted money, by squandering the wealth of the company

Bribe and corruption have wrought massive furores.

Wrong policies have manipulated a thudding disarmament

These are the  organisation culture of today’s corporate world.Unquestionable material  resourcefulness promote degradation in character. Good character is an achievement , not an inherent trait.

Lazy portfolios have become a winning strategy according to Farrell.

If laziness ascends   the hierarchy, then greed, theft , deceit, bribe and corruption associated with  Machiavellian steal the show.They are the best ethics and formidable values that have to be imbibed by the human mind, that have to be assimilated  to dot as  a piece of sponge  absorbs water, that have to be  subscribed  with fervour and exalted  as a discernable demonstration. 

Virtue  has lost its footing, has lost its sense, has diffused into an incongurous entity.

What A year -2008

The year 2008 ,  will be remembered for all negative  illustrations.

It will be recalled as a year of economic failure.

It will be thought of as a year of high inflation rate.

It will  be spoken of as a year of collapses.

It will  be registered as a year of terrorism.

It will be recorded as a year of  unprecedented  rains.

It will be  posted  as a year of greed.

It will be exalted as a year of  fraud.

It will be  portrayed as a year of  abatement.

It will be translated as a year of inefficiency.

It will be transcribed as a year of choking.

It will be framed as a year of stagnation.

It is a year of loss – of  invaluable lives, of sublime peace, of wealth.

Satyam In Troubled Waters

Satyam Shivam  Sundaram.

Truth is God , God is beautiful.The truth, the conscious and the beauty are essence of  Divinity.

“Satyameva Jayte naanritam”

“Truth alone triumphs , not falsehood “-the origin is from Mundaka Upanishad.

Satyam( meaning Truth) computers ,has lost its name , both literally and metaphorically.

 1.6 billion  was to be deployed in a buy out of his Mayatas Infrastructure and Mayatas properties . this move triggered  the investors to protest.

Mayatas is an angaram of Satyam. A reversal of letters has reversed the credential of the Company.

Ramalinga Raju is in a soup. His family has 8.6% share in the company.His two sons are inthe Board , in the capacity of Vice Chairmen.The Board . comprising of Krishna Pelapu, T.R. Prasad former cabinet secretary’and am Mohan Rao , Dean of Indian Business school.

The Board passed the resolution and did not bother to get the consent of the shareholder.The investors were provoked, and old the shares in a quick motion.Raju was shell shocked. He sent signals of rapprochement ,but it was too late.

Four of the Directors have resigned from the Board., thus ditching the interest of the shareholders.It looks a though they are running away from  crucial decision. The Board meeting on the 10/01/2009 . is going to be a farce.

The World Bank has already barred Satyam from further contracts.

Ramaling Raju has brought disgrace too the business fraternity.

The company has to find a new team , to take care of its  cash rich ,factor about 5000 crores surplus .Will Raju actually quit such a flourishing company?If so , will he keep away from the management?

He may fix up a proxy team to take control of the management. The financial companies, like Aberdeen,Fidelity etc have 20-25 %, can convince the investor and usher in a new management.