हम हैं नये, अंदाज़ क्यों हो पुराना
Bharat
Joined November 2022
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Hat Tip - Do a basic ref check on the new CEO.
Hint - Massive banking fraud involving an Auto Comp company
Jindal Steel has been notorious for top executive churn. In an industry where top leaders tend to spend decades with one company, Jindal has gone through six CFOs since 2020.
Two CFOs left within six months of joining!
It is natural investors will raise questions.
On Tuesday, Jindal Steel appointed a new CEO, filling a post that had been empty for over five years. This is his first job in the steel sector.
On Wednesday, the new CEO faced analysts.
One analyst asked - why is there so much churn? How will you manage this?
The CEO replied - "I tend to stick around"
Here's @DipaliBanka and my report in @livemint which highlights this exchange and the details of the executive churn at Jindal Steel.
livemint.com/companies/news/…
Invisible Learning retweeted
You'll find several reports by marquee research analysts explaining the ABFRL demerger and how it might impact the business. My suggestion would be to ignore all of them and rather read this 4-page note by @DamaniAshok garnished with a dash of classic humour.
Invisible Learning retweeted
A lot of good company culture is just paying people well and leaving them alone.
Invisible Learning retweeted
AM Naik completes 20 years as chairman and managing director.
Expansion, takeover battles, sale of the cement division, succession...
"Saving L&T was my biggest achievement."
Most memorable AGM?
Invisible Learning retweeted
🚨“(The Russians are using) 60,000 (shells) a day. The world production in the west can accommodate about 5,000 (shells) a day. I guess the Russians have been building artillery for about 50 years and they have an infinite supply
I was shocked at how good the Russians were at electronic warfare and jamming basically everything you send into this battlefield, they jam everything GPS is jam but also communications is jammed so normal drones don't work.
I hate to say it, but I think this is going to go on for a long time. There's not enough advantage on either side. I don't think Russia will gain much land, if any and I think the going is so slow to get across this danger zone, this killing field, that it will take a year or two.”
— Eric Schmidt, the chair of defense innovation board to the Pentagon and former google CEO
Invisible Learning retweeted
"India is attractive opportunity" is McKinsey PPT BS. True but not helpful. Nor is it the gating factor to profiting from opportunity.
Gating factor is competent, trustworthy investors & promoters. These have been & will be rare, whether in VC/startup world or elsewhere.
Invisible Learning retweeted
I prefer LP (lover and partner) or GP (gorgeous partner). If you're not official yet you can say "my VC friend". It means "very close".
This is pretty brilliant👏
Thank you for sharing, @SridharanAnand sir. Might be too much to ask, but it would be great if both of you could do a podcast series to share some more stories and lessons with us all.
youtu.be/PDum_dx873Q
Invisible Learning retweeted
We found this firm is connected to Adicorp. Read how.
scroll.in/article/1046739/ad…
Congratulations, @ashishgupta2773 sir!! Wish you great success in your new role.
The secret lives of MI6’s top female spies #weekendread ft.com/content/741772c0-ee76…