SEC convicts 1,236 in 5 years; SEBI, er, none?

In fact, some top examples are as follows – SAT had set aside SEBI’s order suspending the registration of broking firm First Global Stock Broking. SAT had also set aside SEBI’s order banning the former Chief Investment Officer of Alliance Mutual Fund, Sameer Arora, from dealing in the securities market for five years (SAT even verbally humiliated then SEBI chief G.N. Bajpai for his public statements against Sameer Arora, while the matter was being investigated).

This at a time when the US Corporate Fraud Task Force, in the past five years, has succeeded in superbly convicting a total of 214 CEOs & Presidents, 53 CFOs, 23 Corporate Counsels or attorneys, & 129 Vice Presidents. Each one of the high profile convictions of SEC (from Kenneth Lay to Computer Associates) has resulted in jail terms exceeding an average of ten years! Now digest this. Any party aggrieved by SAT’s orders can file an appeal within 60 days (Section 15Z). In the last year, guess which was that one entity that filed 83% of all the appeals against SAT rulings? Of course, SEBI! Bow down your heads, guys!

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Source: IIPM Editorial, 2008

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

IIPM Arindam Chaudhuri 4Ps Business & Marketing Business & Economy Kkoooljobs Planman Media Planman Consulting

Planman Marcom Planman Technologies Planman Financial Planman Motion Pictures GIDF The Daily Indian IIPM Think Tank The Sunday Indian

The beast lives on...

The gigantic Indian realty sector grumbles & groans, riddled as it is with a flurry of issues, some that are external, and some that are created of its own accord. Is the sector doomed to go the way of the US housing boom, or will it be ultimately able to prove the most critical of analysts horribly wrong? Is the realty beast indeed too large now to be able to sustain itself?

Accept it! You couldn’t have missed the bloodcurdling stare of the 60 ton beauty staring at you a page back. Even we couldn’t, when one top real estate sector expert was drawing out this analogy quite innovatively for us. Massive, growling, thundering, roaring to run, ready to destroy, the 25-foot tall King Kong’s similarity to the real estate sector was just about as uncanny as it could get... Oh, did we mention this Kong nitwit’s a dime brainless too? That was the ‘uncanniest’ similarity with the realty sector we couldn’t quite get over with. Think about it – with his sheer agility, fierce attacking instincts & stupendous power, this King of rock would have been more than a handful for an army, even with a few superheroes thrown in! Isn’t it then hilariously ironical that all it took was a few overzealous, and rather clumsy explorers, with even clumsier weapons (chloroform, for Pete’s sake!), to overpower Mr. Genius and bring him down to his knees? What’s the explanation for that? Quite straightforward, we should explain. Both Kong and our spectacular real estate sector got entrapped because of the problems of growing ‘interest’.


For Complete IIPM Article, Click here

Source: IIPM Editorial, 2008

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

The transatlantic dog fight!

The appeal of the great American dream may be on the wane across the globe, but what simply refuses to diminish is the US predominance in the realms of military as well as trade. Whether it is attacking Iraq without a proper United Nations mandate or brazenly threatening the WTO & the European Union (EU) over the subsidies issue – the US has no qualms in asserting its military and economic dominance. Displaying true capitalist instinct, the US recently launched the much awaited ‘weapon’ called ‘Boeing 787 Dreamliner’ in reply to Europe’s Airbus. Much to the chagrin of the EU, the US is using all the leverages placed at its disposal to woo the world to buy this machine. Without even having left a runway, the 787 has already received 677 orders from 47 different companies (analysts project that Boeing may sell as many as 1,000 aircraft s over the coming year). Such humongous sale figures certainly don’t augur well for EU, which is struggling hard to sell its distinct brand of politics & products.


For Complete IIPM Article, Click here

Source: IIPM Editorial, 2008

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

IIPM Arindam Chaudhuri 4Ps Business & Marketing Business & Economy Kkoooljobs Planman Media Planman Consulting Planman Marcom Planman Technologies Planman Financial Planman Motion Pictures GIDF The Daily Indian IIPM Think Tank The Sunday Indian