Saturday, December 22, 2012

Crucifying Che

Ham handed Uncle Sam lost goodwill out here

If there is at all a fitting example of foreign policy blunder, it has to be US mess-ups in the Central & Latin America. Democratic Peace Theory, which has a claimant and champion in the form of United States believe that democratic characteristics is essentially the solitary or outstanding basis of interface between states. However, it fails to explain why US, the so-called champion of democracy, tried to topple every government in Central & South America, whom it either considered despotic or ‘Not democratic enough’ or ‘Not on its side.’ “US ideological conjectures and geopolitics interests have largely determined its acts and behaviour in Latin America. Whenever, there has been an issue between the US and Latin American republics, its diplomats have crumbled under pressure and fall back on stereotypes,” says Christopher I.

Clement, an expert on US policies in Latin America at Heritage Foundation, while talking to B&E. Truly, US have never sighed from toppling democratically elected governments. It all started in 1954 when the CIA engineered the ousting of the government of Guatemala. Again, in 1961, it attempted to overthrow the revolutionary Cuban government at the Bay of Pigs. After aborted and failed attempts, it lied low for few years. But in 1965, LBJ sent 10 battalions of paratroopers to Dominican Republic to fight the constitutional forces striving to recoup. He got success. Then in 1973, CIA successfully ousted the government of Allende in Chile in favour of a gory dictatorship. Similarly, in 1981, the then Reagan Administration started and funded the Contra war against Nicaragua.


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles.

Thursday, December 20, 2012

If Ho Chi can, can’t Kim II?

No one ever thought that Vietnam could be unified; Nixon least of all

Can you ever, in your weirdest dreams, imagine the merger of North and South Korea? It’s easy to spin examples of Germany and draw similes, but then, Germany is in the developed west and not at all comparable to South Asian realities. Really, if the same question were to have been asked in early 60s about Vietnam – the closest mirror image then – the answer would have been a unanimous no. Today, there is one Vietnam. And truly so, if Ho Chi Minh could, why can’t Kim Jong II do the same now?

From 1954 to 1975, communism dominated North Vietnam while the US-backed South Vietnam was in a perennial state of conflict, with a primary aim to prevent the spread of communism in Southeast Asia, yet wanting to adopt the concept of being socialist state.


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay Chaudhuri

For More IIPM Info, Visit below mentioned IIPM articles.

Monday, December 10, 2012

Put it back upside down!

That’s what the UPA did with the inflation figure, and thus favoured political opportunism over economic sense, says GYANENDRA KASHYAP

Let’s face it. The BJP may continue to harp on the plight of the common man in the UPA regime, but the fact is that even they could not have done much about the global slowdown over the past year. GDP, FDI, FII, there are a slew of indicators on on the economic that the Congress could get embarassed by. And that is why, the current Congress manifesto has little to speak on economic reforms. The less they have to deal with those painful numbers, the better, right? But shamefully, the Government did not lose an opportunity to misuse one statistic to its advantage, which we would like to discuss, as an indicator of how political maneuvering managed to overhaul economic sense in a government, which was ironically led by a globally famed economist.

That statistic is inflation, which the government pegged at a historic low of 0.44% in the beginning of March this year. The low inflation rate, however, has not at all translated into low prices for items consumed by the common man. And here is the catch; declining headline inflation does not necessarily imply prices coming down. It only implies that the rate at which the prices of goods were growing has become slower. According to Harsh Pati Singhania, President, FICCI, “Inflation rate has been coming down over time and these latest numbers are not entirely unexpected. However, the fact that WPI has come down to 0.44% on a year-on-year (yoy) basis despite prices of food articles going up by 7.3% on a yoy basis shows that inflation in case of other products has declined significantly.


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay Chaudhuri

For More IIPM Info, Visit below mentioned IIPM articles.

Saturday, December 08, 2012

BANGLADESH: MUTINY

The main aim of the recent BDR mutiny in Bangladesh was to grab power and nothing else

He is credited with taking on numerous fundamentalist outfits close to Begum Khaleda Zia, leader of the Bangladesh National Party (BNP), whom Sheikh Hasina overthrew. "There are definite indications that even the army was split down the ranks,” Deepak Dastidar, a well known Bangladesh specialist told B&E.

It is well known that Ahmed was committed to rolling back the Talibanisation of Bangladesh, which had proceeded during the years when the hawkish Begum Zia was at the helm. Indeed it is an open secret that in all those years her government gave the Jamaat-e-Islami (JI) and Jamaat-ul-Mujahideen Bangladesh (JMB) a free hand. The result: Islamists felt completely undeterred to terrorise the nation’s Hindu minorities. This was coupled with the enforcement of a rigid Taliban culture on the Muslim community. No wonder that during Begum Zia''s second term in office (2001-2006), a large number of JI and JMB elements were able to penetrate the army’s ranks. Undoubtedly, all these events show that the BDR mutiny was actually a well orchestrated move to derail the liberals.


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay Chaudhuri

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Friday, December 07, 2012

North by west... to the killing fields

A billion dollar firm with a billion reasons to be called inglorious

The last one among the world’s largest defence contractors that deserves to be in our inglorious list is Northrop Grumman. It is more famous for its designing, system integrating, and manufacturing of defence electronics and many other military and commercial weapons. Among various kinds of military products that the company produces are aircraft, aircraft carriers, military vessels, missile satellite systems, electronic censors and information systems. Northrop is one more truant company witnessing growth in employment and sales revenue. During 2007, there were about 122,600 people employed in the firm globally; by the end of 2008, the figure reached 1,33,570 – an 8.9% increase in employment in 2008 during the current global economic mess. And one doesn’t need to wonder about the reasons. Similarly, its sales revenue has also gone up from $30.11 billion in 2006 to $32 billion in 2007 and finally to $33.9 billion in 2008. Northrop is one of the firms filing the highest number of patents – in 2007 alone, the company filed over 8,511 patents. Northrop acquired companies like Integic Corporation in 2005, Essex Corporation in 2007 and 3001 International in 2008.

Expectably, Northrop Grumman has equal contributions in war crimes. Although 90% of its products go to the US government, most of its weapons go to US aided undemocratic countries who are accused time and again of breaking international laws. Its sophisticated deadly weaponry also goes to countries like Korea, Taiwan, Bulgaria, Slovakia, Saudi Arabia and UAE apart from Australia, India, Japan, UK, US, NATO, Italy, Germany etc. An example to their reach is that Israel’s reserved A-4 attack aircraft, TA-4 training aircraft and even the AH-64 attack helicopter are made by Northrop Grumman.
Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay Chaudhuri

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Thursday, December 06, 2012

All's fair in love and war!

The momentum has been set, now Rwanda & Congo must sustain it

Laurent Nkunda, who heads Congo's most powerful Tutsi rebel faction, was last week arrested in neighbouring Rwanda – which for years has supported his ruthless anti-Hutu insurgency in the region. Speculation is rife that Nkunda's arrest could be part of a Rwandan tradeoff with Congo. Some senior UN officials believe Congo might now be persuaded to go after Rwandan Hutu rebels. The arrest of Nkunda, on the other hand, means Rwanda is finally ready to abandon him and embrace the splinter faction of his movement, the National Congress for the Defence of the People (CNDP).

Nkunda on his part had displaced more than 250,000 people in eastern Congo in 2004. The humanitarian crisis and global outrage this provoked had forced both the Congolese and Rwandan governments to meet across the table. After last month's UN linking of impoverished Rwanda to the rebel group, while international donors threatened to cut off aid, Rwanda saw sense in snapping ties with Nkunda.


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay Chaudhuri

For More IIPM Info, Visit below mentioned IIPM articles.

Tuesday, December 04, 2012

Investors are the first among equals

His mantra is that through strategic CSR, companies can create win-win situations for one and all. However, L.N.Mittal reiterates that the company’s main responsibility is towards its shareholders; as told to B&E’s Ruchika Chawla

Lakshmi Niwas Mittal, aka one of the “100 Most Influential People” (Time magazine 2007) and the richest Indian in the world, according to Forbes in March 2008, is known as the man behind ArcelorMittal, the world’s largest steel company; which he has built step by step, acquisition after acquisition, with an exceptional entrepreneurial zeal.

The pinnacle of Mittal’s achievements thus far has been the merger of Mittal Steel with Arcelor S.A. to form ArcelorMittal, which, besides enhancing steel production capacities, enabled the two companies to leverage on their largely complementary strengths in terms of steel products. Yet this is not another chronicle on the way ArcelorMittal dominates the global steel industry. In this exclusive one on one with B&E, Mittal discusses a more delicate issue, which should ideally be on the agenda of every billionaire in the world. Corporate Social Responsibility seemed to be a ‘fad’ in its earlier times, but has begun to mature and take precedence, as more prominent and world renowned figures play a major role in it; and not just for the “tax-break” but also for the betterment of the world we live in.

For Mittal, good CSR is always strategic, and he believes that a business has to create a win-win situation for all its stakeholders. A few excerpts... B&E: What is your opinion on the concept of Creative Capitalism, which is being mooted by Bill Gates? Do you agree that CSR only makes sense when it is strategic in nature? LNM: I like Bill Gates’ concept of Creative Capitalism. The reality is that capitalism has positively impacted the lives of hundreds of millions of people. But many more have not been included. We should look at ways in which we can take the benefits of capitalism and extend them to the benefit of those who have missed out. Good corporate responsibility is always strategic. For me it is implicit in the phrase. As opposed to charitable contributions which are not necessarily strategic. There is a place for both in modern society.


Source : IIPM Editorial, 2012.An Initiative of IIPMMalay Chaudhuri

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Monday, December 03, 2012

Torchbearers of the jungle

The story of transformation - of how wildlife poachers of the Mogia tribe, became its protectors

After driving through the tall, golden grasses of the Ranthambore forest area (Mansingh forest area) for quite some time, we spotted a hut, which was strange, considering that it was a forest area where tigers and leopards could be on the prowl. The two kids joyously running around the trees, on seeing us, ushered their mother from the hut towards our jeep. After we enquired as to why they were staying in the Jungle, one of the children (a little girl) replied, “My dad’s name is Lakhan Singh. He was a poacher. We lived inside the jungles. He was caught by the police and taken away. After he came back, we moved out of the jungle and made a hut in this area.” Intrigued by the father’s background, I hopped out of the jeep and waited for Lakhan Singh, the ex-poacher!

After half an hour of waiting, I was sitting across Lakhan Singh. Tall, lanky and in his mid-forty’s, he belonged to the Mogia tribe, a tribe of poachers, partly responsible for the dwindling number of tigers in Ranthambore. Mogias are traditional hunters, especially of tigers. For generations, the tribe has been thriving in dense forests and are meat eaters.What initially was a practice to fill their stomachs later started fetching them big bucks. With animal trade becoming rampant around Rajasthan and Madhya Pradesh, the Mogias turned towards poaching and smuggling of the skin and bones of tigers, wild boars, chinkaras etc. “I had learnt to hunt when I was a kid. And when I grew up, I became a part of a group that killed animals for money,” explained Lakhan. In 2002, when the tiger count in Ranthambore reached an alarming figure, for the first time, the forest department set up a dedicated squad and increased their vigil to nab the poachers.


Source : IIPM Editorial, 2012.An Initiative of IIPMMalay Chaudhuri

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Saturday, December 01, 2012

Ma! I lost my billion dollar smile

With billions of personal dollars eroded, the foul market has gatecrashed into many a billionaire party...

November 11, 2008: [10:25am, IST: As final few pages of this issue of B&E get finalised, the BSE continues to tumble. In the past 90 trading minutes, the Sensex has already lost another conscience-striken 452.92 points!] All listed companies today are suffering from global recessionary fears. And how much loss are we really lamenting here? Well, the Sensex has tanked from where it had reached (on one glorified Tuesday - January 8, 2008), when it gonged the bell of 20,873 points, with the blue-chip giants valued at a gargantuan Rs.75.30 trillion! That indeed was history for the 133-year-old Bombay Stock Exchange.

But many history-defining action sequels followed… week after week after the Sensex breached the 20,000 mark and the overwhelming dependence of Indian stock markets on First-World economies became increasingly visible! The total Mcap lost by the Sensex has touched a heart-rending Rs.68.09 trillion as on November 11, 2008. That marks a shaving off of 90.4% of its total value on January 8! And while it becomes obvious that this typical summer has been a rather cold one for India Inc., there are the Indian billionaires whose herd has actually been the one fighting the snow with their jackets ripped off by the trading jackals!

This billionaire community is also the one which has suffered the maximum individual wealth loss; and not surprisingly the biggest of them includes names from the promoter community as Prof. Garland Durham, Asst. Professor of Finance, University of Kentucky confirms, “If you talk about largest individual shareholders who lose wealth when the market falls, it is usually the promoters; who own the largest blocks of equity…” Heading the list is of course the richest residential Indian – Mukesh Ambani, who is renowned for more than just his $2 billion new home. As per market reports, between January 8, 2008 and October 24, 2008, Mukesh lost a brain-tingling Rs.2,054 billion to see his total worth touch a lowly Rs.684.8 billion. What’s obvious here is the fact that it’s the stock market which deserves blame for Mukesh’s plight. B&E analysis proves that for a 66.9% movement in RIL’s adjusted stock price, Mukesh lost an almost equivalent 66.7% of his personal wealth (due to his stock ownership)! Going by the same statistical logic, the senior Ambani would be worth just Rs.825.95 billion today – a fall of almost 60% from the value he commanded during January 2008!


Source : IIPM Editorial, 2012.

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Friday, November 30, 2012

Internet & India begin with an ‘I’...

... and that’s where it will end – ‘I’. Will policy makers ever take technology to the ‘We’? Good question!

What’s the buzz word amongst the tech-savy in India (beside the internet and the iPhone) – it’s mobiles, and not to forget the long awaited 3G technology. Ten years ago, and not in the ice age (mind you), getting a black ugly monster landline dialer would have called for a wait of several years! But who could have imagined that just a decade later, one could surf the internet on high-speed broad band from inside a running train, or use a PDA, carrying all the informations relating to your business in one smalle hand-held device. Stranger thought, India becoming one of the IT hubs was unimaginable. But, it happened! In this era of information, India’s sustained growth depends on its ability to integrate skills into the production processes and everyday lives. Information and Communication Technology (ICT) is more than an essential tool to make sure that the continued level of opulence is present across societies.

But the sad fact is that this progress has been highly lop-sided. As per the 2008 World Economic Forum report, and also well accepted by India’s intellect, the concept of digital divide today is one of the biggest impediments to development of India. This is reflected in the fact that India’s ICT environment and readiness rank has slipped by 4 positions during 2008 (we ranked 50th amongst 127 countries this year compared to 44th out of 122 countries last year). Really, the deteriorating quality amongst the regulatory milieu and the low level of India’s readiness to change in this regard is widely visible. Even in 2008, when the world is going from the Wi-Fi to WiMax, India is still fighting with its rural-urban divide. Imagine, even with numerous broadband service providers at one’s door-step, just a mere 4 million users gain access to it, out of which, the majority live in urban areas. To make matters worse, Computer Industry Almanac Inc.’s report revealed that Internet usage has actually dropped down by 1% since 2005. We repeatedly fail to understand, why the Information & Broadcasting Ministry is not focussing on pan-India technology development and is only perennially focussed on urban parts.


Source : IIPM Editorial, 2012.

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Tuesday, November 27, 2012

How to improve the lives of the poorest people on the planet?

“The biggest change for me – and it’s a major change – will be to think about how to improve the lives of the poorest people on the planet, whether they need education, to increase their harvest, or to find better medical treatment...”

Q: And you don’t regret anything?
A:
Of course I can look back and think about some people I recruited, about certain times I acted naive, about acquisitions we made, or about things we could have launched sooner. But I wouldn’t change anything, because it’s a dream come true to have been able to play such an important role. We learned as we went along, including from our mistakes, because we were the first company to believe in the personal computer. The entire industry has expanded around our Basic operating system, then MS-DOS and, finally, Windows.

Q: But the PC isn’t the centre of everything now.
A:
I’m talking about software, not the PC, that incredible object, thanks to which the Internet emerged. We shouldn’t downplay the role of the PC, but here it’s a software question. Thanks to software, we are revolutionising TV, the way you drive your car, the way you use your cell phone. We stayed away from hardware on purpose, but when you see those new ultra-portable computers replacing school notebooks and many PCs in business, you can’t underestimate their importance.

Q: But the distribution of this software has evolved, upsetting your business model.
A:
Major breakthroughs have been made in graphic interfaces and the power of personal applications that allow you, for example, to exchange business plans remotely. A new language has been created that allows us to do things. Everything goes through fibre optics. That’s how Microsoft was created, on the idea that advances in hardware and software would allow us to be more ambitious. That’s why when we founded this company we said, “A computer in every home and on every desk.”


Source : IIPM Editorial, 2012.

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Monday, November 26, 2012

My last editorial for this lovely venture with which I started my media initiatives…

It was a dream to start a business magazine through which we (me personally and our entire group which includes the IIPM think tank) could take to the masses our thoughts honestly and fiercely to the world. When it began three years back it thus was a huge dream come true. With time however the vision changes. When we did covers like 'Paralysed Democracy' or on the 'Dysfunctional Judiciary' – things we have always been most passionate about – we felt that though our readers were enjoying it, yet there were far more people who deserved to read it, but were being left out by us purely because a magazine focusing only on business and economy was not something a common man would easily pick up. One dream leads to the other and we started nurturing the dream of a news weekly- that too in many regional languages as well – to take our vision that we passionately believed in to a larger audience to whom the thoughts mattered as much and those who made India. Thus the Sunday Indian was born. As most of our readers would be aware that it is already the only news weekly globally that comes out in fourteen different languages every week! And it is only fair to say that it is doing extremely well. I still don’t have figures to prove so, but I know that in at least half of the languages it is the leader already and in the other half of the languages a very promising challenge to the leaders.

Over the last few months I've been repeating the Sunday Indian editorials for my Business & Economy readers as well. The reasons are two fold. The first of course is that truthfully speaking I tried for quite long to keep writing two different editorials but I can't write when I don’t feel strongly enough on certain things. And feelings strongly every alternate week on two different issues is not always possible. The second reason is also most of the times I thought I was writing something that I would love if both my magazine readers read. However, on further thought I now feel Business & Economy deserves individual attention and respect. So its only fair that I concentrate more on writing better for the Sunday Indian and allow a specialist to write here in Business & Economy. Those who still want to read my editorials can always additionally buy the Sunday Indian as well – and the throwaway price that it comes at, I strongly believe every Indian should soon do so ? of course whenever I feel there is something strong enough to share I will continue writing in B&E, but in the inside pages as I think edit should have its distinct identity.


Source : IIPM Editorial, 2012.

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Saturday, November 24, 2012

KERALA: IPR POLICY, 2008

Kerala government envisages policy to give IPR to traditional knowledge

For the second category, the state will have the rights. The knowledge will be available to all for non-commercial use, but commercial use will be restricted to the existing right-holder.

But as per experts, all is not as well in the policy as it sounds. There are apprehensions that the policy is certain to open a confrontation with the Centre. Shamnad Basheer, Associate, Oxford Intellectual Property Research Centre, says, “Intellectual Property is specifically listed in the ‘Union List’ as Entry 49. The state cannot legislate on these.’’ The chief architect of the policy, Kerala Planning Board Vice-Chairman Prabhat Patnaik said, “Within any IPR regime, a range of specific problems arise for any state, which it has to resolve without infringing upon the domain of the Centre.’’ The policy reads more like an ideological statement than a coherent policy that is sensitive to the complex nature of the TK issues. State appropriation of TK is not a solution to misappropriation by others. In fact, it is a solution that is worse than the problem, as the holders of TK are deprived by the State in this policy.


Source : IIPM Editorial, 2012.

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Friday, November 23, 2012

He was good!

Mugabe actually did nice once...

Ok, Mugabe is bad! No issues about it! But the fact is, he wasn’t like this always. In the mid-80s, African states were integrated under Southern African Development Community (SADC) to wipe out the prevalent racism of whites throughout Africa. The man most pro-actively involved was a person called Robert Mugable. Sadly, the same movement took a violent turn with land reclamation from whites becoming a standard rule of both law and gun. Later, though SADC widened, it still remained a good platform to resolve complicated African problems.

Today, Mugabe’s protege has grown to oppose him. When former South African President Nelson Mandela criticised Mugabe, Zambia, Botswana, Tanzania and even Angola, in the recent SADC meeting, openly demanded a transitional government to replace the present Mugabe regime. Is this a start to a revolution? Oh please, let’s not kid ourselves. The reason is not far to find. Despite South Africa being a different country from what it was earlier, unfortunately, the present South African President Mbeki is a die hard Mugabe supporter and would help him and many who are joining them.


Source : IIPM Editorial, 2012.

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Thursday, November 22, 2012

India has gained in the past 15 years of growth

The current economic crisis threatens to destroy all that India has gained in the past 15 years of growth. Who is to blame?

This year alone, backdoor subsidies for the oil sector will amount to about a tantalising Rs.3 trillion! And there is virtual consensus that even if oil prices come down to about $100 a barrel, the huge subsidy bills for the oil sector will remain high. Fertiliser subsidies are slated to cross another Rs.1 trillion! Even despite the massive increase in the fertiliser subsidy bill, farmers across India face a shortage crisis during the sowing season. Add food subsidy to this cocktail and suddenly you realise that just these three items could account for almost a mind-numbing and a spine-chilling 10% of the country’s GDP – clearly an unsustainable position by any yardstick! Add the massive increase in expenditure on social welfare schemes like NREGA and Sarva Shikhsa Abhiyan and you start realising that fiscal discipline has been thrown out of the window. Such scenarios in the past have always led to an economic slowdown, hurting both the poor and the middle-class. Says Bidisha Ganguly, Head, Economic Policy, CII, “We are already facing an economic slowdown and the way things are moving this slowdown is expected to continue in near future too. This is also quite evident from the fact that the industrial production has gone down from 11.5% to 8.3%. Trade deficit has already increased and in the wake of current situation this too is only expected to simply widen.” There is yet another disturbing indicator that is an ominous sign for the economy: the rate of growth of the infrastructure sector has crashed to just about 3.6% in April and May 2008.

Many have started drawing disturbing parallels with the late 1980s era when huge rises in trade and current account deficits, unsustainable fiscal deficits, high inflation rates, signs of political instability and ad hoc measures had eventually led to the crash of the Indian economy in 1990. After Rajiv Gandhi became Prime Minister in 1984, the Indian economy suddenly abandoned its historic ‘Hindu’ rate of growth of about 3% and started growing at about 6%. This was unexpected and unheard of. After his widow Sonia Gandhi renounced the post of the Prime Minister in 2004, the Indian economy astonished the world by growing at 8% to 9% every year.


Source : IIPM Editorial, 2012.

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Wednesday, November 21, 2012

PROFILE: G. KENNEDY THOMPSON, FORMER CEO, WACHOVIA CORPORATION

How does it feel to be proudly called the ‘Man Friday’ of the company, then terribly blamed to be a gambler in a CEO’s disguise and finally dethroned being accused of gifting credit crisis to the bank…this man has taken it all!
 

Back in the late 1990s when Thompson took control of First Union (FU), the bank was pleading for a financial cure, and in 1997 the situation was aggravated by the merger with CoreStates Financial Corporation as FU paid $20 billion, a sum that was six times the then book value. Right before beginning his tenure as president and CEO, he proved his worth to FU through the significant purchase of Money Store, a subprime lender and produced sufficient revenue to maintain the bank’s profits at a reputable level, extenuating a crisis that could have been devastating. He is also credited to have acquired its North Carolina rival Wachovia Corp. in 2001 and we know the story of this rare merger’s reverberating success.

Furthermore, Thompson learnt from his predecessor Crutchfield’s mistakes and created a style and substance of his own differentiating it from Crutchfield’s. He made it very clear that he wouldn’t follow belligerent acquisition policies that had made Edward Crutchfield unpopular and led a conservative strategy emphasising on teamwork, cooperation and flexibility committing to develop FU by focusing on consumer service and retention. In 2002, another so-called bold and unorthodox acquisition was carried out by him in the form of Prudential Financial that made Wachovia Securities, the fourth largest brokerage firm on Wall Street. Even Business Week honoured him declaring him as one of the best managers for the year 2003.

Golden West may have ended his career at Wachovia, but Wachovia can’t thank him enough for his contributions. Can it? And just as Robbie ends, Thompson too wants to be known as a “better man”. He does, doesn’t he?! Do ask him when you meet him next...


Source : IIPM Editorial, 2012.

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