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

To: Jurgis Bekepuris who wrote (384)	3/9/2004 9:32:43 AM
From: Siva Uppalapati	Respond to of 2517

In india lot of industries are family run, and the family is usually not very pro-stock holder like in US. Also the professional management does not get that much chance as the family is still controlling. Usually the management makes all kinds of grey deals, as they do not need to raise money from stock market. They raise money from Banks (generally). But things are changing. Reliance Industries has the larget number of share holders of any company in the world and they keep the stock holders interests quite a bit. Siva

To: Jurgis Bekepuris who wrote (384)	3/9/2004 10:29:46 AM
From: bentway	Respond to of 2517

I think even an overcompensated CEO in India or China would cost a tenth of what an overcompensated CEO here costs. That would free up the domestic overcompensated CEO to start a new business! All we really need here for investors to prosper is the board of directors, and perhaps marketing. What corporation will be the first to follow the market forces to outsourcing management and reap the tremendous savings to be had? It might have other unintended benefits. Since the Indian or Chinese CEO would be much more of an employee and less of a crony, he might feel more motivated to reward investors than a domestic CEO.