infotonic

With the Indian economy slowing down in FY09, many of us felt the pinch in terms of shrinking wallets and rampant cost cutting exercises by corporates leading to the ever palpable fear of job losses. But there were certain people who appeared to have a field day during the year gone by. Yes, I am talking about CEOs of real estate companies, who took pay hikes of nearly 2-10 times despite their respective companies facing a decline in both revenues and profits. In fact, the salary hikes of some of the top real estate companies were greater in FY09 when their businesses were considerably impacted by the economic slowdown. I find the intentions of these managements really appalling. There is a brilliant email doing rounds about confession of a job hopper which talks about these great CEOs. Good management practices call for giving due consideration to the interests of shareholders and customers first, but real estate CEOs seem more concerned about building their booty. It did not matter t...

After subprime crisis and liquidity crisis, it is now the turn of currency crisis. Investment guru Jim Rogers believes that the worst of the economic crisis is not yet over and a currency crisis can happen this year or the next year. And what is the reason he has cited for the same? There is too much debt in the system. For instance in the US, the deficit has soared above the US$ 1 trillion mark and is not likely to reduce dramatically for some years to come. What is more, the gargantuan stimulus packages announced by the Obama administration while they will pull up the economy in the short term, is certain to come back and haunt the economy in the longer term. Hence, the pressure on currencies notably the dollar is likely to intensify. Rogers further believes that the current recovery is a just a consequence of the fact that consumption had plunged so drastically in 2008 that people have to buy things that they need in 2009. And that it would be folly to assume that China would bail o...