YOU STEAL A CAR YOU GO TO JAIL, YOU STEAL SOMEBODYS SAVINGS YOU BECOME CEO
There days both print and electronic media is abuzz with stories of mega steals. Internet is digging deep into history of scams. Bofors scam of RS 64 Crores seems to be insignificant as compared to present 2 G scam of Rs 176000 crores. In fact I had to freshen up my math to find out how many zeros are in a lac crore. My twelve digit calculator showed error when I tried to type the amount. Thankfully y most of the offenders are behind the bars.
Manipulating Stocks and stealing someone’s hard earned money is almost everyday occurrence. We have heard of Harsh Mudra Harshad Mehata, Ketan Parekh, and Unit 64 where crores and crores of public money was swindled off. There were cases where retired people invested their entire Provident Fund amount in Unit 64 when the Fund was posting very high returns. And then somewhere in 2003 it went burst. Fortunately on public pressure Government help came to the rescue but not to full extent. In any case Government itself was responsible for the collapse of the Fund.
There are other scams that are played every day in the Stock Exchanges and Corporate head Quarters world over. Companies both Financial and manufacturing reward their CEOS who increases the stake holders’ wealth. He may not necessarily do so by increasing the efficiency of the company, by cutting costs, by improving customer satisfaction. He might have done so by fudging the company accounts to show profits and assets that were not there. Nonetheless he succeeded in holstering the image of the company and by clever manipulation in the share market saw to it that company stocks are rated and traded high. And then one fine morning when the top has been achieved, the owners sell off their stocks, make huge profits and simply vanish.
One thing is common among these steals. Most of the culprits get scot free. On the contrary they get promoted in their respective field of operation. Some become CEOs in Government, some in corporate world and some in Social Sector.
Compare these steals with the petty thieves of cell phones, laptops, ladies purses, bicycles, motor cycles, cars and all such personal effects. Most of these people go to jail. These types of steals are not worth the trouble.
Premier Management Institutes all over the world are churning out thousands of Management Graduates and most of them are recruited at huge pay packets and stock options. It is obvious that these so called management experts will enrich their organizations with equally huge profits. There is nothing wrong in earning profits but do these management institutes teach some ethics and if yes do these management experts follow them? We seem to be living in a mad -mad world where by hook or by crook one has to climb up, no matter how many have been crushed underneath.
Educational Institutes in any field have miserably failed to impart the need for professional ethics and therefore the end result too is foggy. These very pass-outs one day manage business and industry, schools, colleges, hospitals, Governments and other arms and wings of our social structure. IQ (Intelligence Quotient) and EQ (Emotional Quotient or Ethical Quotient) are o be balance in such a way the society at large is benefited.
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