Near routine exercise of Owner-Managers to take money for themselves at the expense of minority shareholders is urgently need to be controlled. They might have taken clue from our elected representatives who got rich Experiences of Such criminal connivance with direct help from our 'steel framed' bureaucracy. Public funds are unashamedly misused & mis appropriated for their mutual benefits. For corporates these games are played in the name of highly bloated extraordinary performances in the so called adverse circumstances. Talent retention is also one of the main excuse used in distributing free bies to own cronies. In return,owners get monetary self applauds from their top brass acting perfectly as professional singers hired specifically to manage their shows. Economically-important topic of tunneling will need to be significantly questioned. This is definitely a deficient corporate governance. Large amount of public funds, Investers' money ,profits earned through public participation or via public projects are being diverted in the forms of bonuses,non-monetary like luxury cars and premium gifts to overseas holiday packages for the chosen few & their families. In some case,Esops are part of special bonus schemes. These are the offering stock options to selected groups of employees in the name of ensuring higher retention. Schemes are also available wherein company gifts high end appliances costing upwards of very high denominations to so called achievers. There are companies who has been giving its senior employees a retention bonus for several years & did not cut back on it during slow down as it is linked to company ,team and individual connections or projections. It is a hand in glove partnerships between Owner-Managers to drain the capital to further their vested interests. Since governments are always looking towards various corporate direct & indirect helps in The form of election fundings,Kins settlements,amassed assets' use & post retirement plans of Bureaucrats. These are the worst corporate practices to be taken care of urgently or will lead us to permanent recession much deeper then of 1929. Most astonishing fact is that while most companies paid bonuses during the slowdown,they just did away with special bonuses in an attempt to cut corners. The last decade of corporate governance research has been focused in large part of identifying what leads to this deficient corporate governance now spreading fast in emerging economies. To access the quality of a firm's Governance we should conduct simultaneous economic analysis of corporate governance & firm's strategic business activities within the industry. There must be an urgent & fresh look at one of the most rigorous extant methodologies for detecting 'Tunneling' or serious efforts by firms' controlling owner-Managers to take money for themselves at the expense of shareholders & public funds. Our public watch dogs are either sleeping or simply inefficient to take cognizance of any fact. Acceptability of corruption as a winning strategy & integral part of living standards is most dangerous signal for a total collapse of our corporate structure in a very near future. Rather We are winning expertise in crisis management. Till then# whoisreadytolisten.
Popular Ideology to impress consumers was always related to some kind of innovation or improvement in the performance level of a product or service. But over the years of new inventions to the era of arrival of Japanese kind of re engineering it is now further diluted to presentation gimmicks only. We are talking about majority of companies leaving aside those exceptions who eventually create uncharted path for themselves & their consumers. In fact it will be very easy to see the rationale behind the entry & existence of new entrants in otherwise fiercely competitive consumers' world. Corporates always aspire for sole target of profit maximization which also has varied implications. It is next to impossible to define cost cutting or profit maximization by placing any final value to the targets fixed periodically. It is this insatiable greed to grab & fear to loose the turf that corporates start misleading public including their retail investors & consumers. Year after year hefty packages are offered to do manipulations & series of non deserving bonuses poured to hide owners' Secrets. Thus inadvertently owners-Managers start robbing their biggest supporters i.e. retail investors & consumers. Fudging datas,concealment of facts & tempering standards come handy as weapons in the name of implementing corporate War strategies & rigid policies so as to make matter worse. Fancy names,multiple models & media management are some of the tools often used to cover deficiencies in the products. New models are speedily offered to debilitate consumers. Instead of developing new products companies concentrate on securing same parts for almost all models. This conspiracy against Media centeric & brand eccentric innocent consumers serve initial purpose of profit escalation. But incessantly befooling consumers & misleading retail investors companies also start believing their own lies. It turns into fools' paradise. Every now & then new features are added without any substantial gain in terms of quality. Moving train of new models always travel purposefully to further confuse consumers. It ultimately starts eroding permanent confidence of consumers in the capacity of all such companies to offer any new products or any significant improvement in service level. All deafs & dumbs cream la de cream over expensive campus recruits refuse to listen to their own voices even as individual consumers. Blind by glares of painted progresses & glamours of false future projections these professionals commit some serious frauds. Investigations if at all ordered are promptly blocked by the able administrators & elected representatives of those very consumers. Who is fooling whom ? Why anyone is not ready to read writing on the wall ? It is not required at all to go through any of A listed B school to get answers to these simple questions. Instead, Questions are very well stating the truth in a clear & loud voice But# whoisreadytolisten ?
