Rajat Gupta and Vikram Pandit--Rise and Fall

  1. pramodgokhale profile image45
    pramodgokhaleposted 5 years ago

    These two Indians were in limelight and headed gigantic Institutions in USA successfully , but recently lost their jobs.US corporate culture and practices are different than other nations and in India we are in transition, going to market economy.
    Yesterdays merit and innovation and solutions goes obsolete tomorrow. I think this is applicable to Vikram because he saved Citibank  and worked for $1salary per month till Citibank goes to top.Within five bank was brought on the track, sheer hard work and dedication of Vikram.
    Rajat was diamond once but due to unfair practices ,he was prosecuted and punishment was declared recently.
    No doubt corporate America pay you whatever you want subject to performance but failure is also costs the job.Achievement of yesterday can not be a lifetime achievement. There are equipments in the market under title All Weather working, but  in the corporate world CEO can not be remoulded  to win over any crisis.
    This is a lesson for Indian corporates that they can not imagine lifetime employment  hereafter.
    that is the history