Are the Indian promoters who destroy shareholder wealth the worst in the world? Or are there some who are worse than that?
In the American context there were AIG, Citibank, Goldman Sachs, Lehman, Freddie Mac, Fannie Mae…
or should we talk about the worst environmental disaster by BP?
Well well, the list is long is it not? Just because you and I have benefited as a shareholders of some of these companies (well I have not made an Indian list – but it would be long won’t it?)..are we guilty? For example holding shares of ITC means you are spreading cancer? Then what about holding Unilever India preying on the Indian ‘fair and lovely weakness’ of Icici bank giving a loan to ITC or a SBI giving a loan to ITC ….difficult call on morality.
Most importantly morality and money are not necessarily connected. I know employees who buy competitor products (L O L) …so let us say what fool has to say…read on…this is about the most rascal of the companies. It is a tough toss up between GS and BP.
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