Originally posted by: queenbee
pj04...... I agree with all the bits here but as for saying that armaan is the most imcompetent of the lot... did u know that mukesh ambani LIED about being an MBA from Stanford? this was a Tehelka expose... but since when has his qualification or lack of it made him an incompetent businessperson π Even Reliance, for all its reputation and making-shareholders-laugh-all-the-way-to-the-bank philosoph ies and grandiose future plans is still DEBATING on introducing the concept of corporate governance... what does that say about the ethics and management principles of India's largest business house and possibly others? Mukesh Ambani has also been in the news for favoring or at least, seeming to favor certain parties who stand to benefit from several under-the-table transactions, floating fake investment companies for personal gain, etc etc. Yet a poll conducted of several members of the stockbroking community showed them backing Mukesh Ambani by a whopping majority - like u say, he is still seen as a trustworthy and capable businessman. If Armaan Suri employs some questionable tactics to ensure the survival of his company, THAT is seen as being spineless and incompetent!?!?!
Truth is, ethics and morals be damned, at least in India. It's the survival of the fittest. In fact, IIM introduced (or last I heard, was contemplating on introducing) a course on ethical governance in response to the growing need for educating management students on business malpractices - the scale of which is mindblowing at least in India. Everyone knows that more power breeds more corruption, not less... and Armaan Suri simply did what any Ambani would do too - he found a yes-(wo)man he could trust and control to buy enough time to turn the company around. What's so spineless about that? If Reliance was ever to face a financial crunch in the future, who knows to what lengths the Ambanis would go - and then go ahead and win "Businessperson of the Year" Awards to boot...if Armaan Suri does it, he's called a jerk!!??πππ
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