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Leave it to Premji

MARCUS GEE

Globe and Mail Update

Latest comment posted at 12:33 PM EST 21/10/08

A humble multibillionaire believes that setting a middle-class example will help India prosper ...Read the full article

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  1. Andy X from Hamilton, Canada writes: This is a great article - why is it that no one is commenting on it? Why not move it to a prominent section, G&M?
  2. Aspasia of Athens from Canada writes: Wow. Great story. In the current crisis, Premji could teach our corporate leaders a thing or two...
  3. been there from Toronto, Canada writes: I agree with the other posters. Why isn't it more prominent?

    This is the way to build a durable company and durable wealth.

    And these are the sort of businesses that Canada have to compete against.

    How can we do that when our "hi-tech" industry strategy mainly consists of encouraging branch plants (including Wipro consultants in Canada), a bunch of built-to-flip things by our so-called entrepreneurs, or the likes of Nortel and Bombardier exploiting and relying on government connections?
  4. Jeri Ann from The Suburb, Canada writes: Ethics trickles from the top down.

    Bravo for his continuous success.
  5. George BrownIII from Christmas Island writes: Must admit that I admire Mr Premji for his humility and all other human qualities. And I wont ruin the spirit of the article naming the scums.
  6. scamp the from Canada writes:
    That's what happens when you have people build companies from the ground up. People like Premji know what it is like to work, so they understand and their ethics trinkles down.

    Here in North America, we have just become managers and sales people. I should know. I was in the tech industry. I left. We have a bunch of executives and managers who haven't done the work on the ground floor. They have no idea about training, proper staffing, keeping experience people...

    Anyone who thinks India is winning just because they are cheaper is kidding themselves. I've worked with many of them. Their work ethic, knowledge, and honesty is amazing. In the end, it will win. That said, there are plenty of poorly run, greedy organizations in india too :) As I always say, look to the executive to see what kind of company you have.

    Canada has no leaders like Premji. Despite the rhetoric, America still has a few as well.
  7. B. Farcastle from Canada writes: Very interesting. No wonder we in the west are being left behind. We can learn some excellent lessons from this. The sooner we get shocked into moving to this style of corporate practice and behaviour the better.
  8. Sushee Perumal from Kingston, Canada writes: Very admirable. Reminds me of Chuck Feeney, an interesting read - "The Billionaire Who Wasn't: How Chuck Feeney Made and Gave Away a Fortune Without Anyone Knowing" (Conor O'Clery)
  9. M D from Canada writes: Very good. I hope that he can improve the climate both globally in the technology industry, and also socially within India. A strong ethic 'middle class' attitude will be better for India opposed to traditional caste divisions and violence (which fit the British fine enough).
  10. Sucha Mann from Ottawa, Canada writes: Marcus, excellent article. We need better REGULATION for our publicly listed companies compensation. We have seen BODs/executives able to destroy free enterprise and good companies in Canada/USA. We need REGULATION to limit BoDs power to fix compensation of a executives up to five times average compensation of a full time employee of the corporation, but if higher compensation is required then 90% of shareholders approval would be required at eac AGM. We cannot trust mutual fund/banks' wealth management arm as they themselves are also abusing their power to help each in treating corporation as their piggy bank.
  11. Shams Tejani from Toronto, Canada writes: Isn't is amazing that when people in stewardship posiiton act responsibly and in common interest much can be acheived. But then one need to have that mindset, like Warren Buffet, who silimarly despite his wealth, has been living in a modest house and driving a nondescript car for years.

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