Is fraud everywhere? SAY company in India-CEO stole a billion, stock plummeted. Can you trust no one?
Wednesday, June 24th, 2009 at
1:58 am
http://seekingalpha.com/article/116747-improving-corporate-governance-a-blueprint-to-prevent-scams-like-satyam-s?source=yahoo
Tagged with: blueprint • corporate governance • scams • yahoo
Filed under: Financial Fraud
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Right! You can trust no-one.
You got it !!
Trust no one !!
Indians should not TRUST each other because there are no CITIZENS in India. There are only PEOPLE living in India.
Here it is why.
DESPERATION
85% of Indians are languishing in an informal economy to earn $2 a day so that they can feed a MEAL for their family.
Hence their lives oscillate between DESPERATION and FRUSTRATION.
They will SUCCUMB easily to CORRUPTION and vote for a CANDIDATE in ELECTIONS for 100 rupees.
COLLUSION
Remaining Indians are even more DESPERATE because they prefer to evade TAXES.
And without TAXES there is no CIVILIZATION.
And one Indian does not want fellow Indian to SUCCEED.
BRIBE or CASTE is the REAL relation between any two individuals in politics, business, police and judiciary.
Source of REVENUE for Govt is Corporate TAXES.
And only source of FUNDS for Political Parties is Corporate BRIBES.
SOLUTION
I suppose everybody in India should OWN a hand gun.
And arms LICENSE costs just 100 rupees in India.
An armed society is a POLITE society.
And it is not FEAR that keeps us polite — it is RESPONSIBILITY.