American Ethics ..
As a shareholder you should be very happy with American companies. All most all the companies based out of USA and doing business in India have been very good for the shareholders..
Then you hear about their great internal rules and regulations that they get prosecuted for bribing (even abroad). Fine. So you know that Boeing paid bribes, Walmart paid bribes….etc. etc. Citibank of course takes the cake. It must have paid fines in all the 150 countries where it operates, and in all currencies of the world !!
Then you hear about Worldcom or Arthur Anderson or….or…and and ….the list is really endless. Of there is ADHD. And doctors who prescribe medicines for non existing illnesses…the list goes on and on…Then they talk about ethics, standards, American values,..very good
Then you hear about MORE pharma companies. They are the pits. 8/10 pharma companies have been prosecuted / punished / fined sometimes in their life time….and they have paid mammoth fines without torpedoing their balance sheet…read this
http://highline.huffingtonpost.com/miracleindustry/americas-most-admired-lawbreaker/
John Galt
I’m very curious to know – how you Subra resolve this ethical quandary since your portfolio is mnc-centric. You make money out of the mnc shares but at the same time don’t agree with all their practices.
NOTE: I’m not acccusing you Subra – just trying to figure out how to think through these issues from first principles (http://waitbutwhy.com/2015/11/the-cook-and-the-chef-musks-secret-sauce.html)
ajayrajaram
oxymoron : a figure of speech that juxtaposes elements that appear to be contradictory
e.g : American ethics
hypocrisy : the practice of claiming to have higher standards or more noble beliefs than is the case.
e.g: Hoarding ITC shares and donating for cancer research