Isn't it interesting that no one wants to answer the question: whose riches Narayana Moorthy has stolen?"

Isn't it strange that it doesn't occur to us that wealth is created from almost nothing (well..not exactly). how much we can create is only limited by our own imagination and mental blocks?

Well I am certainly not ashamed that we have 54 billionaires... might be I would feel slightly embarrassed that we have just 54 in a nation of a billion .. 

:-)) the reason I did not reply to that is bcos I agreed with the post completely (rare as it is :D)  Wealth is always created, unlike loot.  By people who have abilties to see opportunities which others missed.

What if there are any Rajus(of satyam fame) in this list? Would we still be happy about it?

@ankit

At the end of the day even Raju created Satyam which gainfully employees over 40K people. 

Yes..but that is only one part of it...what about the investors and stakeholders that he misleaded and who might have lost a lot of money because of his scam. 

@ankit,

Investments in stock markets are subject to risk. Please read the offer document before investing :p. 

Stock Markets is a zero sum game, whatever money one makes is always at the expense of somebody else.

Now getting a little bit serious, as far as I remember one analyst had picked up the smell of the scam long ago because he couldnot understand the rationale of huge amounts of cash being deposited in the bank in current account instead of some sort of FD. Now if others chose to ignore this, they lost money because of their carelessness. 

Yes Raju did a scam, but I guess if recession had not hit real estate sector, he might not have needed to do what he ended up doing. Some cos. go bellyup ( bankrupt ) and need billions of government money to shore them up. Now what would you call that? If Raju is a criminal, what name should be given to them? 

AF

The satyam scam began much b4 the recession in real est.  He had been cooking the books for several years.. and artificially shoring up stock prices.  But agree that inspite of this, there is no reason to b ashamed of Raju. All said, he did create wealth for many.. and Satyam still is a good co.

So, are you saying that Raju didnt do anything wrong. He should not be tried in the court.... What about Madoff?

@ankit,

At the end of the day, if I were given only two choices 1) Salute Raju 2) throw a stone at Raju, I would rather salute Raju for creating Satyam that made the life of at least 1 lac Software Engineers.

I don't know exactly what Madoff did, but I for sure know Satyam used to do some real work and used to pay some real salary to thousands of Software Engineers.

I think Raju couldnot keep ahead of the system always, and was caught. I don't know but Ambanis also have played around with the laws ..though its their good luck that they managed to land on the right side of the law everytime.

Ankit,

Raju did wrong, no denying that. He should be punished for trying to defraud the company of share holders money, betraying faith and everything else he did.  He fell prey to a very common human failing, greed and putramoh, you could say.  But inspite of that, I would never be ashamed of him... Madoff had run a ponzi scam.. plain hot air, unlike Raju.

IT is heartening to see this livly debate, which is going in the right direction.

As I am cuaght up in important cases, will wait till the process concludes to it slogical end..:P

errr .. no slogs, everybody should try to bat like Tendulkar :p 

Whao!

Am witnessing an interesting debate not pertaining to politics or religion... after quite a while. :)



Answering your question LPji... "Who's riches did Narayan moorthy loot??" No ones. Like you rightly said.... he just sowed the seeds and harvested the harnessed and harvested. :) 

Amen to you 540... 5400...54000. :) 

Guys & Gals,

Complete foodie that I am, I ask you to think of doughnut and not the hole, when you think of Raju and Satyam..

And Jitu, what is cooking? Have you sown anything yet in the sunny side of the globe? 

I wish Nifty goes to 54000 ;) 

I am sowing wayyy too many virtual seeds in Farmville. 

There seems more sun on farmville than in Sunnyvale. :D:D:D:D



Cooking... at this hour of night??? 

... Nothing much!!      That is why I came to see what is brewing on cplash. :D:D:D:D

Waise... I learnt some basic thai cooking and some salads. :D:D:D:D:D:D 

So the same ghaas-phoos...but now - served with some tantalising seasoning and dressing. :D:D:D:D:D:D

Heyy AF!!

HAd sent a mail to the admin a few days back. No reply. I needed cplash to allow me to use flickr link for a photo blog. Just so that I can at least feel my presence here. As of now... cplash is not allowing that. Nor is it allowing upload from the system directly. Can you have someone look into that??

Regards!!
Jitu

Jitu,
mera mano, you must not sow too much in the dead of teh night, snny or otherwise...:D

@Jitu,

err.. i guess the photos are coming up fine... everyday these laptop battery waalahs manage to post images :p... 

Did you try to right click in the Editor where you want to insert the image, and use the option to Insert/Edit images option that appears? I guess it is working fine...  

Gosh... I lost it completely... tendulkar.. farmville...and what not... 

Ankit,
Jitu is busy sending farmville gifts to her facebook buddies, and that explains why she doesn't cplash much..
And AF shows his displeasure at my disappearnce for a day, unlike Tendulkar who bats heroically bats and (sena) brickbats. 

I met a politician who was a Goan Christian but was associated with BJP for a while.  I forgot his name.  He told me, "If you keep a person powerless, he is bound to act in such a way that he would try to gain power and make you powerless."  He was of the view that if we keep our people poor, they would be powerless and would do their best including bringing about a revolution to capture power.  At least some of the poor in the Adivasi (tribal) areas are trying to do that.  We call them Naxalites and Maoists.  I like the rich people who carry the poor people alongwith them and make the latter rich as they had done in Britain and America etc.

Bedi Saab,]check if you can read online a book called 'Nei Jesus, Nei Marx", pulished early '70s...

The poor and the super rich don't revolt..