January 30, 2009

Aamdani aathani...

Citibank, which has taken funds under a separate 700 billion dollar Wall Street bailout, have nixed plans to buy a 42 million dollar corporate jet after the Treasury Department complained.

Wall Street bankers had given themselves $20 billion worth of bonuses -- the same amount of bonuses as they gave themselves in 2004

AIG spends millions of dollars lavishly in a sea view resort

I wonder when will these guys learn.

Fortunately Americans funded Obama to fight elections. He hardly received any significant donations from corporate houses and can act in the best intrests of ordinary Americans. Imagine a scenario where a guy who took massive donations from companies became president, can he make such bold statements? can he atleast dare to express his dissent publically no way.

January 22, 2009


“This was a very typical time. I was single. All you needed was a cup of tea, a light, and your stereo, you know, and that’s what I had.”

Identify the business icon

Answer here

January 21, 2009

Burger King launches perfume

Burger King launched a new brand of perfume called Flame by BK. Burger king and Perfume?? its almost as bad as Harley Davidson’s cake decorating kit. I sometimes wonder how stupid companies act, I remember a quote from Pantaloons head two years back when they roped in Bobby Deol as there brand ambassador and described him as youth icon !!

January 13, 2009

The Marissa Gauntlet

Marissa Mayer takes important decisions in a famous tech company, and insiders call the rigid process of her critiquing and approving new features 'the Marissa Gauntlet'

Which company did Marissa joined 10 years back as there first female engineer

Answer in comments

January 08, 2009

Infosys not to hire Satyam employees: How media mislead with there own interpretation

Worst example of leadership:

ET reveals "Infosys has made it clear that they will not hire anybody from Satyam and has told its human resources executives to refrain from hiring employees of Satyam Computer services. Infosys has even advised staff against entertaining calls from Satyam employees"

As a company Infosys has every right on who they recruit and how they recruit, but I clear see no point in disclosing that they wont touch any Satyamite(As if all Infy guys are true epitomes of ethics). Why do Infosys need to talk about a highly sensitive policy with press??

You cant blame all associates of a company for misdeeds of senior management,board members, auditors and play with there emotions at a time when many of satyamites are worried about there future. Think about freshers who got placed in Satyam and waiting for there joining dates, where will they go and how will they react after reading such idiotic statements.

It is a pity that Mohan Das Pai cannot empathize with employees in IT sector and talk such crap.

“We will not touch such a tainted company,” Infosys founder and non-executive chairman N R Narayana Murthy(I used to respect him) had said(at present conditions no one will touch satyam). I wonder if he will stick to the same principle to clients, will he not touch tainted clients?? I am not sure

Update: I Stand corrected, the article seems to have a miss leading heading. What infosys said is they wont poach anyone from satyam, clients included. There is quite a difference from hiring and poaching. Given the tough phase satyam is going through, it is very important to retain talent and Infosys made it clear they wont take advantage of the situation and poach talent from satyam

people paid to join queue

Which Fastfood chain paid around 1,000 people to join the queue outside there branch during release of their Quarter Pounder burger in Japan.

Answer here

Ramalinga Raju and Satyam

In 1980's Ramalinga Raju did his MBA from ohio university and began providing back office support to this company. He identified that this work can be done by any qualified Indian engineers, but the company was wary of outsourcing. Raju made a bet with this company, if he failed to provide quality work yet more cheaply, the company need not pay him anything.

Ramalinga Raju then set up a office in next street with a handful of Indian engineers and ran it on Hyderabad time. He won the bet and Satyam was born

Identify the company which became one of the biggest customer in Satyam's early days??

Answer in comments

Fraud, unfortunately, is a fact of life in the globalized business world and most of the financial frauds happens with others moneys. Some idiot will get too greedy and mismanages others hard earned money

Satyam Fiasco is unprecedented, for a company to over report cash flows in such a extent from years is shocking.about $1bn (£0.65bn), or 94% of the cash on the company's books, was made up and no one knows about it??

The reckless strategy to cook the books and cover it by acquiring his sons companies proved too costly to Raju. And everyone in Satyam's leadership team, Board of Directors, Auditors,Professors who teach how to mange business, Bureaucrats, Politicians who helped MAYTAS to win projects(AP govt gave 15,000 cr rs worth of projects out of 50,000 cr rs it is spending on Irrigation projects and Maytas failed to finish many of them) are acting as if they dont know anything.

January 04, 2009

Buzzwords of 2008

Check out new buzzwords listed by Grant Barrett in NYT. My personal favorite Caribou Baribie - A nickname for the former vice-presidential candidate Gov. Sarah Palin of Alaska.

I sometimes feel relieved of our politicians, watching this video. Scarah Failin may be the dumbest human ever to enter the American Politics