ARE SOUTH INDIA BASED COMPANIES SCAMSTERS ?

Atleast a leading TV "Anchor" (Investor?) thinks so.... One of the former SEBI Chairman made interesting observations about some of these "Anchor" investors from business channels.

Do they loose their balance probably because they have lost money personally in some investments?

Investors across the country lost money because of the recent scams and fall in the markets. There is no south indian or north indian when it came to losses.

Whether it is Mundra, Harshad Mehta, Kethan Parek, Co-operative Banks or Satyam - there is no question of north indian or south indian scamsters. Scamsters are scamsters. Period.

Dividing the country like this is a dangerous trend ! That too coming from a reputed channel.

When we go up in the ladder, we should be more humble and balanced. One should not talk something irresponsibly which hurts the sentiments of the viewers.

Hope they will be sensitive to the viewers across the Nation and stop dividing the citizens of this great Nation!

"SATHYA"MEVA JAYATHE . . . !

The fate of the "de-mutualised" IT Company is Interesting!

Technically there was no DPG -Dominant Promoter Group or CPG-Core Promoter Group in Satyam, as the original Promoters" Stake was less than 10 %.

So the top management had nothing to loose.There is nothing in it to motivate you to work hard .. .

Compare this with the 75 % plus Promoters" holdings in Companies like TCS or Wipro and their track records.

They also had plenty of Independent Directors on Board - of course they cannot take all the blame...is it not?. If this concept cannot work to safe-guard the investors, then it should be reviewed so that investors need not falsely believe the myth that, these IDs will ensure the safety of our investments.

Infact, the cost to Company may be higher because of these IDs,in most cases. it works typically like this : As soon as the date for the Board meeting is decided - in many cases, linked to a visit to Tirupati or Rishikesh- the Agenda with routine issues will be circulated to the Board Members. The important papers will be slipped in at the last minute just before the Board meeting.

Rooms booked in 5 Star Hotels, Airconditioned Car arranged for a couple of days, family taken care, flights booked to and fro,not to mention the dinners, etc.... at the cost of the / cost to the company.

The demutualisation - without a DPG/CPG might result in "nobody"s child" syndrome and the looser is always the retail investor.

BTW, personally speaking, i don"t want the Independent Director concept scrapped. I am a Professional with two decades of experience in capital markets and Industry. please allow me to enjoy these benefits one day in the future, if somebody chooses me as an Independent Director. let me not close the door before i get in . . .!