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Strategies & Market Trends : India Stocks -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (382)	3/8/2004 10:31:34 PM
From: tom pope	Respond to of 2517

As an investor, I wonder if management can be offshored? Now that would be a very interesting variant on what goes around, comes around. It would be even better if it applied to our politicians, wouldn't it?

To: bentway who wrote (382)	3/9/2004 12:32:05 AM
From: Jurgis Bekepuris	Read Replies (2) \| Respond to of 2517

Humorous replies nonwithstanding, this is an interesting question. Unfortunately, it seems that the rest of the world is no better at compensating CEOs than US. And the corruption is probably even higher than here. For example, Europe could be thought as more socialist/egalitarian and less "overcompensating" for top management. But then look at the scandals of Parmalat and Co, Berlusconi and Co and so on. I won't talk about India and China, since I don't know much about the local conditions, but I would guess that corruption and possible grey deals involving politics are an issue there. Re: business schools - since most Indian companies have local CEOs and leaders, I assume that they have enough bright entrepreneurs. So it really doesn't matter if they have great business schools or not. :) You did not ask about outsourcing middle management, did you? :) BTW, Forbes just released global billionaire list. You can see Indian and Chinese names there. Whether that means that CEOs are overcompensated there, I don't know. :) Final thought is that while we can hate outsourcing fat-cat CEOs, it is still better for US that the company remains US based, even if it only has top management here. :) At least they pay taxes. :P And can possibly create future companies and jobs. Jurgis

To: bentway who wrote (382)	3/9/2004 9:11:45 AM
From: SAM	Respond to of 2517

Hi, Chris, I don't know about China, but I have heard about some excellent business management schools called I.I.M.s (Indian Institute of Management). It is as difficult or may me more difficult to get in to these schools than say Harvard, Wharton or Stanford. The CEO of Infosys(the largest software company in India) is a product of I.I.M. and I.I.T. (their best techincal school). - SAM

To: bentway who wrote (382)	3/9/2004 3:06:58 PM
From: Siva Uppalapati	Respond to of 2517

I found some indian companies having CEO's from Europe and USA. For example, the larget private airline in india, Jet airways has CEo from Europe. The earlier CEO was Steve Forte an american. The following press release states that. There are others in Hotels, retail,.. companies I will try to find the links for those. Siva ========================= Jet appoints new CEO, COO PTI[ FRIDAY, JUNE 20, 2003 02:59:44 AM ] NEW DELHI: Jet Airways on Thursday announced the appointment of Wolfgang Prock-Schauer as chief executive officer and Peter Luethi as chief operating officer with immediate effect. Prock-Schauer was earlier the Chairman of the Alliance Management Board at Star Alliance, one of the world's largest partnerships of international airlines. Luethi was previously the COO and executive vice president (External Relations) with Swissair in Zurich, Switzerland, a Jet Airways release said. The private airline said the strong experience of both these senior executives would be an asset in its quest for market leadership and growth and in maintaining the highest standards of reliability and excellence =========================