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Reversal of fortune

It’s only when the tide goes out that you learn who’s been swimming naked.” Warren Buffett, simultaneously the world’s most cynical and its most successful investor, has a way of summarising broad trends in pithy phrases that befit someone who still lives in a small Nebraska town. The tide, of   ....Read more

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2 Comments |
'SATYAM" ev JayateBy: Sanjiv | Thursday , 18 Dec '08 13:03:30 PM Reply | Forward "independent" directors is a misnomer because these guys do not have any stake in the company. Secondly, they are handpicked, proposed and elected by the CEO. As regards Satyam episode one is reminded of another tearse quote of Warren Buffet - "any idiotic idea of the Chief will be backed up by a detailed strategic and financial analysis by his storm-troopers". It seems that CEOs now-a-days do not need mere Chamcha, they get a full cutlery set.
Satyam dealBy: K.K.Ammannaya | Thursday , 18 Dec '08 5:23:27 AM Reply | Forward The stress must always be on good corporate governance.The decision of the company was not proper.Now that the deal has been cancelled the company must focus on its growth nad performance alone through the route of good corporate governance.
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