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 Vikram Pandit...Citi CEO

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Posted on 12-12-07 9:23 PM     Reply [Subscribe]
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Damn, can't believe that the Indians (or dhotis for some here) have reached the pinnacle of the Banking sector now. First it was the ailrine industry and then the IT sector and now they've gone to bag the biggest prize out there. Instead of us Neps blasting dhotis at every step, there are a few I'm proud to take my hat off to. Seems like we're still way behind them in terms of their achievements in the US Corporations:

Vikram Pandit: CEO Citibank

Ramani Ayer: Hartford Financial

Indra Nooyi: CEO Pepsi Co

Vinod Khosla, co-founder of Sun Microsystems

Sabeer Bhatia, founder of HotMail

Professor Amar Bose, founder of Bose sound systems

Rakesh Gangwal: CEO US Airways

Subodh Karnik: CEO ATA Airlines

Raj Gupta: CEO Rohm and Haas

Rajat Gupta: McKinsey and Co aka "The" Firm

 

Lets try and emulate them instead of labeling everyone from India as being stereotyipical dhotis.  I'd love to see a Nepali make it too the list too...Hopefully someday!!

 

 


 
Posted on 12-12-07 9:52 PM     Reply [Subscribe]
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who knows ..may be U ???
 
Posted on 12-12-07 10:36 PM     Reply [Subscribe]
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hahaha  Aalu, trading rumors early this morning mentioned that MSFT is looking for the next CEO and one of the criterias as per the founder, Bill Gates was that the guy had to be working there already and had to be from Nepal (thanks to Gates' recent obsession with the Gurkhas as being the most devoted and loyal).  Also, last words as per CNBC this evening was that MSFT has now found the guy...He just started there a few months ago and had an uncanny resemblance to the mustacheod cartoon face on the "Pringles" potato chips carton.  LOL   Looks like Aalu jasto made the list...The first Nepali to do so!!  Congratulations bro...Let me know if you need a CFO anytime soon!  hahahah

Below is the photo release from CNBC about the mysterious employee at MSFT named Aalu:

 

Last edited: 12-Dec-07 10:37 PM


 
Posted on 12-12-07 11:01 PM     Reply [Subscribe]
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There are few reasons why Indians are getting success in the world arena of Biz, let me point out my observations:

1. Education: no can deny it. I studied in a univ in India, now IIT/R, the admission was/is so tough out there, you can not imagine if you have never been part of it (IITs were numbered 5 in world's top technical institutions, a few years ago). My batchmates (500) came from 100,000 applicants from all over India, some of got Masters in Physics, and Maths to get an Engineering BS degree. Even some Nepalese who went there have completed MSc, some were lecturers .... . The first year "General Engineering studies year", they studied nothing on MATH, PHYS, and CHEM courses except a few general engineering courses. Level of courses "practical or theoretical" taught there is far beyond anywhere in the world. I can imagine the cost of workshops (timber work, brick work, metal work, field works) that we went through in very first year: think of each piece of metal, each iron that we melted or wasted after we used, think of bricks, concrete, wood .... what made them so good, because they did by their own hand as a part of learning process,.... though quality of finished product in India is not that good, but quality of experience you get is wonderful, unimaginable. Who pays it? Indian Tax payers. What does Indian govt. do? It invests, and it wants its graduates go around the world, top 30% of IIT graduates are said to leave for US or UK. Government designs the education that way. Their Vision is for 5 or 10 or 15 of 25 years down the road (thats what King Birendra told us just after the MMB prize award ceremony: he said to us that the result of your work will be seen 25 years later, think that way), and they are consistent in what they are doing to achieve their goal in 25 years later. Note India was on USSR's side, but Indian citizen's craze was to go to America. India flipped the coin so easily after the break of Berlin wall, Indians were getting benefit of pre and post coldwar. Pre-cold war allowed their biz to grow, and post coldwar allowed them to expand their world beyond India. Certainly, post coldwar, post 2046 andolan allowed us to go beyond Nepal, and post 911 allowed Nepalis to get much easier access in US Universities. Look at the numbers in US 's small regional and community colleges. Wow, minnesota to WV to Texas or NY or Boston, you will young hard working Nepali students are every where, in small to Ivy league universities. We just entered very late, but I am very optimistic that we will follow Indian foot steps, and I am sure Indians will help us achieve the success whatever we have difference back in South Asia. We just need critical mass. We are far below critical mass in biz world, to offer something notable. Thanks to 2046 andolan. 2046 andolan's biggest achievement in Nepal is education, that we have to appreciate. That is enough to say that 2046 andolan was worth having, this achievement is far beyond what we lost in different ecnomic and political scandals, but history will tell us. Thanks to Ganesh Man, Girija Babu, KP Bhattarai, Man Mohan, Sahana Pradhan .... for their lead, and their dedication of their life to bring 2046 andolan a great success. They are my Heros.

2. English: Indians certainly suffered during British Empire. But, the English language and the modern education system that British brought to India is simply awesom. The administration, nationalistic view, and "WE --lagaan--" phenomenon among Indian are what British brought to India.

3. Bhai-Bhai-Ek-Hou: An Indian administrator might be corrupt when it comes to issues related to fellow Indian, but when it comes to patriotic issue, they never fail to unite, fight back. That concept continues here, when there is any position open in US industry, and if there is an Indian in hiring committee, he will give first priority to a fellow Indian. I remember my former Japanese Boss telling me, why do you have Syndication of your univ's alumni in Japan after all Japan is a developed country? His answer was amazing: "I help them by doing high quality work, they give me job because public want good quality work from their tax money, and those in govt who do very good work get promoted, and this is how this network works, and continues. We help each other." Dango kyodai (it is like rice-balls-attached-in-series). NHK's dango san kyo dai song was very famous. Indians are not less in this aspect.

4. Critical Mass: Probability: India has 1.2 billion people, i.e. 1/6 of world population. If you use conditional probability, and filter out people without English language proficiency in the whole world, it comes out 50% of the world's English speaking population live right in India. That is why in Computer Programming world, Japanese are far behind the Indians because they were arrogant to accomodate English starting their elementary school (they kept talents in Japan, because lack of English language. They translated everything into Japanese). One of My Professor was joking, "we Japanese learn english also in Japanese, then, how can you learn English. We speak English in Japanese.". That was very striking moment to me. My english education back in Nepal was not different from my Professor's English learning style, and the difference was that he started learning english only in high school at the age of 15, and thanks to Nepal Govt. for its English since Grade 4 in public schools, and thanks to TU for not publishing technical subjects in Nepali.... So, Chinese and Japanese were outmastered by Indians because of English language, even though the human population in these countries is significant in the world.

5. Democracy: Here is a difference why Indians are far ahead of Chinese, Indonesians, Pakistanis, and other MiddleEast countries. Democracy. Because of democracy, public fund was more equally utlized than in any other countries in Asia except, Korea, and Japan. Democracy promoted free competition, and allowed to share Bill Clinton's / Bill Gate's quotes (their quote differ a bit but look similar): It is not intelligence that is not equally distributed, it is opportunities. Pakistan separated at the same time as India, but Pakistan still suffers from Political instability. Unfortunately!!! It has repurcassion in education, and free competition.

Only in democracy (democracy is not an ideal system, it is the best system that we have .... who said that?), you can offer equal opportunities (to best level they can afford). Oops, commies might want to object it. Who cares commies, when it comes to democracy. As they are class less society, there is no competition, and there is difference between a labor, and an intelligent person in compensation point of view.

It is where Japanese fail as well. IF you go to Japan, you will find very interesting phenomenon in elementary schools, every kid gets prize, no one becomes first or last, every one is first, returns home with prize. Thats good, and that is why they could develop, and no one was left behind. But in 21st century they are failing when they have to take a lead in the world where intelligence is necessary, not only production of cars or machines, but to survive in competitive world. Yesterday, world was busy in cold war, and Japanese had monopoly in household equipments / goods. Now, Japanese are asking their kids to compete, when that culture was already crushed to death. It is too late to clone out of the almost dead cell. It will take time.

India offers such a competition. I had a classmate in my univ, who said his family don't have enough food to eat, but after graduation he dreams to offer them good food after he starts getting salary, and was getting free education ..... It was not for everyone. He became IAS officer immediately after he came out of the univ. He was in my lab / technical work group most of the time. Democracy matters. Nepal's public service comission was very good, but recently it is politicalized, after Maoists entered into main stream politics, they want BHAGbanda every where even in Campus Chiefs to Peon. Shame on these Partyless 7 party syndication.

6. Hard-work/dedication: desire plus motivation. Yes, we all work hard, but hard work alone does not help us all the time, when the fellow rival is not much different from you. When hard work is integrated with aforesaid components, the success is innevitible. It is time for us to work with Indians in US to get success, and once we pass through a critical mass, our machine will operate independently, and we will be their rival. Thanks to US Embassy in Nepal for its liberal policy to let Nepalis get admission in US University. I am very optimistic that it will break the ice, open US success market for us as well.

Critical Mass is very difficult tell at this moment, but I am guessing the Bhutani Nepali's (refugee) arrival as planned by US govt. might trigger a critical mass. I guess we will be seeing all this happening 25 years later.

Good Luck my fellow Nepalis. We all in US and Nepal will trigger a critical mass. Just matter of time.

GP

 

 


 
Posted on 12-12-07 11:09 PM     Reply [Subscribe]
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The following piece might be useful to those who want to know the components of success. I got this article from a website with the following URL: http://optionstradingdaybook.blogspot.com/2007/10/do-you-have-6-p.html .

"Do You Have 6 ‘P’?

After trading for about a year I’ve come out with my own 6 ‘P’ which I think a must have for an Options Trader:

  1. Passion
  2. Patience
  3. Persistence
  4. Perseverance
  5. Psychologically right
  6. Preservation of capital

................. "

Read the detailed article at the following URL: http://optionstradingdaybook.blogspot.com/2007/10/do-you-have-6-p.html

Unknown source: " Strategy, Patience, and Persistence leads to success"

GP: Systematic knowledge is a short circuit access to success.

If a systematic knowledge is the engine of the success, Passion (desire and motivation) and Patience are equivalent to two front wheels, and Perseverance/ Hardwork / dedication serve as steering of the vehicle. Persistance can be considered real wheels.

Last edited: 13-Dec-07 12:03 AM

 
Posted on 12-12-07 11:37 PM     Reply [Subscribe]
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GP, you're an Options trader?  What product?  You could send me a personal email here if you like.  BTW, great analysis.  And since you went to IIT, your background is perfect for an Options trading role that is higly suited for engineers/math whizs (along with programming skills).  Man, I'm glad to see others here in the same field.  Ciao.
Last edited: 13-Dec-07 02:03 PM

 
Posted on 12-12-07 11:50 PM     Reply [Subscribe]
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Given that population size of 1 billion plus (i.e. 1 in every 6 of world population is an Indian), Indians should be heading at least 90 Fortune 500 companies....one CEO is not all and everything, and Indians should be pleased when everyone in India will have access to drinking water. Forget about Mukesh Ambani as world’s richest, reduce poverty level first...amassing wealth at the apex is not an answer to poverty-stricken society.

 

And if the Indians will not succeed here who else among Immigrants? The Europeans have stopped...there is no more Jew holocaust these days (Jews came in large no around second world war)...Japanese and Koreans do not have two reasons to be in states (one is English) and if you think Chinese are not on par with Indian in corporate America then your assumption is valid at least for the moment.


 
Posted on 12-13-07 12:04 AM     Reply [Subscribe]
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Krishna, racial integration into society here took place only during the late 60s early 70s (even until the 70s "colored" sections in restauants, bars, public transportation, etc. were still prevalent).  We are just 3-4 decades beyond that and for you to say Indians should be heading at least 90 Fortune 500 companies make no sense in that aspect whatsoever (this will take time as it is still based on skin color until today).  Finally what about China's 1.25 billion out of the world's 6 billion population?  According to your rhetoric these chinamen should be heading at least 105 Fortune 500 companies...C'mon, lets give honor where its due rather than bring up flimsy excuses for others' success.
Last edited: 13-Dec-07 12:04 AM

 
Posted on 12-13-07 12:13 AM     Reply [Subscribe]
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Whatever, dhotis r always cheating dhotis.
 
Posted on 12-13-07 12:17 AM     Reply [Subscribe]
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GP's analysis of the reasons behind "why Indians are leading world nowadys" is very interesting and close to truth. Thanks for this analysis.It will provide inspirations to nepalis also.... as I hope......Aameen......
 
Posted on 12-13-07 12:19 AM     Reply [Subscribe]
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Samsara...

Some more..

Bobby Jindal--Governer of Louisiana

Har Gobind Khorana (Massachusetts Institute of Technology) and late Subrahmanyan Chandrashekhar (University of Chicago) - Nobel Prize, in medicine and physics respectively.
NASA's premier X-ray observatory was named the Chandra X-ray Observatory

Dr. Kalpana Chawla--Astronaut

--How about Kal Penn, an actor (Harold and Kumar, The Namesake, Harold and Kumar Go to White Castle) ?  :)

 

 

 

--By the way Rakesh is no more with US Airways.

 

 

 

 

 


 
Posted on 12-13-07 12:30 AM     Reply [Subscribe]
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Ya surely he deserves an ovation...coming from India at 16 and now heading world’s largest financial institution is remarkable...no doubt. Actually i was following Indian news portals and most of them were glorifying Vikram’s personal triumph as India’s achievement and sajha was no different in the sense he was identified more as Indians...so my point was if Indians are big and with big brains they should have conquered the world by this time but the truth is they have  very long way to go...they have many grey areas to look at...they have not achieved at all.......but again agreeing with you Samsara my point may not be totally relevant to the context here and valid as well...

On Chinaman thing China do not push for personal achievement what matters for them is country’s growth not how many billionaires they got in Forbes list...anyway even if China achieves something suppressing people that too wont make any sense.

 

(edited twice, grew and wee for grey and well)
Last edited: 13-Dec-07 12:39 AM
Last edited: 13-Dec-07 12:54 AM

 
Posted on 12-13-07 12:33 AM     Reply [Subscribe]
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Thanks Nischal (been forever man)...However, was just putting the names of those in corporate America only.  Also, had no idea that US Airways had a new CEO.  Hope he ain't Indian as they've surely made all other Asians look bad now.

BTW, hope you have a great holiday season and look me up if you ever drop by in this part of the US.


 
Posted on 12-13-07 12:53 AM     Reply [Subscribe]
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                                 First off, I really want to thank GP for his awesome insight and vivid information. He has done a marvelous job of posting into this thread. GP, from the bottom of my hearth I really thank you for bringing such a great information in this sajha community and i hope you would continue to do so. I wonder, why these people are digging up the points instead of  appreciating  your effort to bring  new insight in the first place. I guess not everyone is same!

                                I really respect your thoughts and you being in an IIT. I know how hard is it to be in IIT you need such a hard work, determination and intelligence to get into the course in the first place. I did a portion of my schooling in India and i know how desperate Indians are to get into IIT. I use to see folks from IIT  at 2 am in the morning studying and being up in the morning at 6 am to study again. That's what i call a hard work and strong determination. This is the reason why when you call dell costumer service it gets routed to Banglore or any other major credit card companies. They are educated, hardworking and their government is working with them, thats almost as if icing on the cake.

                               Even though you mentioned that Nepalese are flocking US universities and you want Nepalese to work with Indians! I totally disagree with this. Let me ask you this! Who did Indians work with when they were down and out ? By themselves rite? That's what we (us) Nepalese need to do. But we really focus on finishing on our bachelors and getting tangles on HIB's instead of being an entrepreneur  and  starting a company. Perhaps a lack of confidence since we don't have any track records. I believe all humans are born equal and everyone has a shot to the glory and whatever they want in life. So, why are we Nepalese scared of? Failure!!!!!!!!! My Grandpa is professor and says, "You should never quit your study even if you fail and fail and fail every time." He also says "only  the people who have the courage to ride a horse may fall". That doesn't mean that you get scared to ride a horse!!!.... We lack self confidence, we lack a stable government as opposed to Indian government(and you are rite about that).
 
                            Neither do i see any direction in our government nor a stability. I guess it's totally up to NRN'S to do something about it. But thats impossible as you start to look at the big picture. Now i am not going to talk about politics because its a whole another debate. Let me finish this posting up and thank everyone who had their share of input in this thread.

                                                     -------Long live Nepal and Nepalese----------

                              
Last edited: 13-Dec-07 01:04 AM

 
Posted on 12-13-07 1:18 AM     Reply [Subscribe]
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2046 andolan paved the way for america is totally nonsense. Did they stopped before? I never heard before,  Discouraged? probably so.One factor is population rise and unemployment that followed with Mr. Mahat's brutal enforcement of capatilist economic at once so that  not so sure young people were willing to take risk of hard life or even failure because they had no choice. Second, you can buy dollars at same rate , govt. was tired of black market. Third, acceptance of corruptions in society  in every level. Educated and with government job people could somehow able to afford initial cost to send their childrend. Fourth, as time goes people here pulls more people, this is just timely factor nothing else. Fifth, installment payment system adopted by most US colleges after 94/95 ( imagine paying the whole atonce before) and list goes on and on.....

Even forbidden remote country like afganistaan now have 10-15 thousands nepali knowing the danger hardship they have to face. Thanks to hijada govt.  begging for employment all over to the world govt so that future remittances can hide their unsuccessful unvisionary policies.

There is no need to thank embassy for. It's their policy to send more and more so that schools here stays in business. Education is business here and as long as there are people to pay for it (no matter how it comes). The representive of Uni. goes to country begging to join their institution. To get more students in UG level means survival for Uni. and people who pay 3 times(outofstate) are most welcomed. we are being served what we pay (or hard earned) for it..that's all. They didn't stop mexicans until this became a major problem,did they? 

 

By the way, to the topic, we don't see chinese mainly of english language barrier. Indian democracy helps but it's economy seems exaggereted by just looking at agriculture sector and its developement. More and more americans in early schools are learning chinese these days, may be "the boss" knows something about the future ? just thought.


 
Posted on 12-13-07 6:34 AM     Reply [Subscribe]
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Samsara, and other dude who calls Indians "Dhoti". Give them the respect they deserves. These fellow made it to the top. Where the fock are you or any other nepali? Have we made it there. If you can't make it, at least appreciate what others success. These Indians have earned their respect. What have we earned as, "beautiful...but one of the poorest country in the world."

 Our typical Nepali mentality towards Indian and Terai people has what caused this Terai problem. For a long time, we neglected Terai basi. Now we are paying the price. So dont blame Madhesi or Indians. Blame ourselves. If you can't appreciate others success, at least dont blame them..

What a looser(s)..................

 


 
Posted on 12-13-07 7:00 AM     Reply [Subscribe]
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Who is this fuggin retard called 191karma who obviosuly has the comprehending capability of a 10 year old??  Hey dimwit, I started this thread to highlight the achievements of the Indians in the US as peeps in other threads were calling them "dhotis" and so on.  WTF?  Do you even know how to read, shithead??  Where do we get such morons from who just ain't got what it takes to read between the lines and yet still find time to pour in their 2 cents that obviously came outta their azz.  READ MY POST AGAIN before bringing forth any accusations, foolio!!
 
Posted on 12-13-07 7:44 AM     Reply [Subscribe]
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Mr. Truth,

2046 andolan brought education to much wider population. Private investment went sky racketing, and you could see highschools and 10+2s everywhere. Private colleges opened everywhere. Technical schools were everywhere. The foreign embassy based scholarships were the only access for higher education before 2046,  and in post 2046 era these scholarships became peanuts in new Nepal. How? Its open market system after  2046 andolan. Believe it or not. If you don't accept, then you don't know anything in Nepal before 2046.

Let me give you a few examples: just after completion of my undergraduate education, I was leaving for Bangkok for another level of study, I needed a passport. I went to one minister to another for a recommendation just to get a passport, and I had to pass through "reco from a minister = so called security check". Then, I had to go to NRB and fill out a lengthy form, and I had a quota of 150 USD (ceiling). Then, I had to find a minister to get another 150 USD, and it was upper limit for special purpose. 300 USD was upper limit for students going to any Asian country, and it was 1500 USD for those going to America for higher studies (how will you imagine to study in your private money, other than scholarship: one of my brother in law says that you never had DUKHA, because you always studied in other's money, true. How many could get such a chance: life long scholarships.). Imagine the money you bring today when you land here for the first time. If you are in Undergraduate, you need atleast 10,000 for the first year, if you want to join a cheapest university. What would you do with 1500 USD? At the same time, Saradh Chandra Shah to Dhirendra shah were traveling using the NRB's vast foreign courrency resource.

Immediately after 2046, first surge was to go to Russia, because Nepalis were there in Russia before 2046 as well under cultural seats from Russian (then USSR) govt, and fee was very cheap. Hardly any one knew that you can afford your education in US universities: there are 4,000 universities in US, tuition fee ranges from 100 USD per credit to as much 2000 USD. So, it needed sometime to steer the Russia headed mass to US. A large number of Nepalis graduated from Russia between 2046  to 2052, and some of them are here in US, too.

Then, next lot went to Philipines and Thailand. Thired surge started in Japan after 1995, first as Japanese language student, and then as Graduate students. Fourth surge and final surge was to land in US. Nebraska was one of the hot land, minnesota, iowa ....slowly today you can find Nepalis are pride of most of the low cost private universities in US. The fee matters. I keep hearing that they work 60 hours per week + 20 hours offered by university, why they want to pay fee, have cars, and pay the money they brought from Nepal in loan. One of Pokhareli bhai recently told me that he sent 10,000 USD to nepal just in two years to pay back the loans that his father had, who suspended the construction of his new house. When I asked, hey how are doing, are OK, and he tells his story. He does not have spare time. It is making him a strong man, a real American man. He is not an isolated case. In the meantime, many of them switch one university / community college to another in the search of quality education, and cost to their reach. If they can find a loan provider, I bet they won't deserve these community colleges, they would have gone to state universities. And, I am looking for some diaspora who is multimillionaire, and creats a foundation to pay tuition fees on these young energetic kids' higher education. In this case, Indians are helping a lot, though you might call it exploit, and I will call it a win win situation. I worked in Virginia Tech for one year, I was paid only 50% of the promised amount, and I could not make any complain, and everyone I talked denied it an exploitation, but called it win win for both of us. So, we have to work hard, make less complain, keep working. One day, our critical mass will reach here in US, and we will have surprises. I simply don't know my son can have surprises to me, he always surprise me, and is far beyond what I think of him. We are waiting for surprises, and 2046 andolan is gate way to these surprises.

GP

Last edited: 13-Dec-07 08:17 PM

 
Posted on 12-13-07 7:57 AM     Reply [Subscribe]
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Don't forget C. K. Prahalad, the management guru.

 
Posted on 12-13-07 8:16 AM     Reply [Subscribe]
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Arun Sarin - CEO Vodafone
Rajendra Pachauri - Chairman IPCC (Shared Nobel Peace Prize with Al Gore)

There are Nobel laureates like Amartya Sen, and many acclaimed litterateurs (can we claim VS Naipaul as ours like they do?) , directors like Shekhar Kapoor, Gurindhar Chaddha, and lot  many  top  class businessmen like Laxmi Mittal and Karan Bilimoria , who is also the youngest  Chancellor of a UK university ever. More importantly there are thousands of Indians climbing the ladder in many more international/western businesses/ institutions/ politics/media etc, and are ready to scale the summit soon.

Vijay Singh and Mahendra Chaudhary of Fiji. There is one PM of Indian origin in one of the caribbean islands too. Since our Madhesi leaders are treated in the same way as the Indians, we will see one of them being  our PM /President  some day, sooner as events are unfolding back home :)


But where are we? In sajha. Amongst those of us who find time for sajha, I can see Sum Off having  potential for international recognition. And perhaps Sitara. I hope there are more but I don't see the signs yet.  For me, I don't have high hopes. I don't see myself emulating big Indian names (not even Nepalis!) by chit chatting in sajha :)

By the way San is doing very well, isn't he? At least he has done something for Nepalese to be proud of. Good luck San.

 



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