Wipro Technologies on Monday announced that in June 2007, the World Bank had banned it from contesting for its contracts till 2011 because the company had offered shares to the Bank's employees during its US IPO in 2000.
"We have always prided ourselves for setting the highest standards of business ethics in our dealings with all our stake holders" - Azim Premji .
Well, Well, Well! I guess keeping the World Bank Ban SECRET for 18 months from the self same stakeholders constitutes HIGHEST STANDARDS OF BUSINESS ETHICS in Premji's books.
But then, if you are one of the richest men in India, you can think of getting away with some foot in the mouth disease.
-
"Harisree Ganapathaye Namaha: Avignamastu" Let me begin my blogging career by writing the words written by thousands of small chil...
-
Hugely impressed by ROOTS, Alex Haley's landmark book in 1977, that traced the ancestry of an Afro American to Africa that spanned ov... -
Onam is special to Malayalis not because it is just a harvest festival from a bygone Agrarian era. Those days harvest denoted the end of the...