Not since 1966 when Cost Audit emerged that another idea could have impacted corporate management as SEBI’s Mandatory Grading. Volumes could be written on the contribution of Cost Audit to management efficiency whereas mandatory grading can be best described as for want of a good rating system opportunity, for sustainability of – efficiency, value system and profits – is frittered away.
Letter to The Chairman, SEBI – Securities and Exchange Board of India for ‘an objective risk rating system’, enjoining to create a rating system of one’s own and eliminate reliance on external ratings.
Who is the inside trader – Rajat Gupta, Rajaratnam, Goldman Sachs or Warren Buffett?
1. Good intentions
Growing inequality in the U.S. is not only killing the economy, but it threatens to undermine the nation’s values and identity. America today can no longer regard itself as the land of opportunity that it once was, with equality of opportunity less evident than in Europe. – Joseph Stiglitz
The occupy Wall Street movement to me is a great example. In this case unfortunately is not the solution but people say ‘enough is enough’. I want solutions and it should send a strong message. – Paul Polson, Chairman Unilever
Preet Bharara, who has been leading the Obama administration’s ongoing crackdown on insider trading, said in a statement released after the conviction that Gupta “once stood at the apex of the international business community. Today, he stands convicted of securities fraud. He achieved remarkable success and stature, but he threw it all away. Having fallen from respected insider to convicted inside trader, Mr. Gupta has now exchanged the lofty board room for the prospect of a lowly jail cell.” – TIME
The latest jargon around corporate offices is sustainability, isn’t it? What profits of yours are sustainable? What energy have you derived from your strategies, from your initiatives? Or what have you lost by interacting with the government, with the competition? What does a stakeholder got to do in your day-to-day dispensation of practices and policies? What is your position in the corporate world compared to the best? Will you ever be noticed if you better the best? Who is the best? If not you, then who? If not now, when? What is sustainable of your efficiency? Of your values? Of your profits? What values distinguish between what is valuable and valueless? What abstractions are brought into reality, acknowledged for value where value is due, and deconstructed the valueless?Continue reading “If not now, when? If not you, then who?”
My letter dated 24th February 2012 to CEC ECI (You can download the file from http://bit.ly/zVPH7K), is sent to President Smt. Pratibha Patil on the next day as below:
EVM an instrument of a Constitutional Crisis
The Honourable President of India
I am pleased to attach my letter to Chief Election Commissioner Dr. Quraishi on the subject of:
EVM – My observation on Reply of the Commission on Issues raised by Shri V.V. Rao – vide letter No. 51/8/16/9/2009-EMS (Vol-IX) Dated: 29th March, 2010, from ELECTION COMMISSION OF INDIA, Nirvachan Sadan, Ashoka Road, New Delhi 110 001 from Shri K.N.BHAR. The letter analyses in detail the emergence of EVM as an instrument denying the fundamental rights of the people of India and at the same time outsourcing the responsibility and accountability of the Election Commission of India.
From the fact file: “Biotor Industries: “Tue, Dec 23 2008. Morgan Stanley (NYSE:MS) today announced that its Asia private equity group, Morgan Stanley Private Equity Asia, has invested Rs. 182 crores (approximately US$38.5 million) for a significant minority stake in Biotor Industries Limited, the largest integrated manufacturer of castor oil and castor derivatives in the world. PricewaterhouseCoopers acted as Biotor’s exclusive financial advisor for the transaction. iContinue reading “Measuring 3 Ps – Policies, Practices & People that add m in (E=mc²)”
I am happy to reproduce an Article from a Tamizh Magazine Thamizhini June 2010 (www.tamizhini.com) Author: Elango Kallaanai: World should know how Indian General Elections 2009 was 100% rigged: I shall be posting the English version of the same soon. I am keen this article is also posted in Hindi considering the upcoming elections in UP.
Elango has done a great job of highlighting the EVM faults and citizens of India have the right to know how they are being fooled. World’s largest democracy is ruled by the biggest crooks the world has witnessed. Please note the article was published in 2010 when 2G scam was yet to hit the headlines and Raja continued to be Cabinet Member of UPA2.
I have also added some images from http://indiaevm.org/media.html who have been responsible in highlighting the EVM frauds and recommend readers to visit the site mentioned. – Jayaraman Rajah Iyer
The WordPress.com stats helper monkeys prepared a 2011 annual report for this blog.
Here’s an excerpt:
A New York City subway train holds 1,200 people. This blog was viewed about 4,000 times in 2011. If it were a NYC subway train, it would take about 3 trips to carry that many people.