When the 3 auto majors seeking publice money came to washington – they obviously came by their own private jets. It seems true that the senior executives of companies have forgotten to fly commercial. Of course it can also be justified that they travelled with their entourage of secretary, assistant, …etc. and it was cheaper to take their own plane rather than fly commercial.
Indian executives are not very far away when it comes to using shareholder’s money. Funnily share holder’s money is also controlled by a string of executives sitting at HO and being a part of the promoting company. So today if there so much of venture capital in India, it is by the “small” shareholder. He is told he should wait patiently (for 20 years perhaps) when the “new” venture – be it mutual funds, broking, asset management, …etc. are concerned.
How long will the shareholder wait? Looking at the shareholders of Goldman Sachs, Citibank, etc. one thinks the wait is perennial.
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