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tyler_durden
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Joined: 24/Oct/2006
Location: India
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Posts: 1615
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   Posted: 05/Sep/2007 at 7:42pm |
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one of my friend was with aviva ... he's now with reliance... he told me relaince has given clear instructions to its HR....to absorb all the best talent from market...and they re paying huge premium for it...fat salaries
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If you aren't fired with enthusiasm, you will be fired with enthusiasm.
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catcall
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 1076
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Posted: 05/Sep/2007 at 8:00pm |
That's true, it's like "daam to tum chaho, time jop hum chahe"!! 
Edited by catcall - 05/Sep/2007 at 8:00pm
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There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing!
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tyler_durden
Senior Member
Joined: 24/Oct/2006
Location: India
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Posts: 1615
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Posted: 05/Sep/2007 at 11:57am |
thats wat dhirubbhai had done...
hired the best people from PSUs by giving them huge pay cheques...
rest it is known fact that wat happens in political corridors is known to ambanis first hand
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If you aren't fired with enthusiasm, you will be fired with enthusiasm.
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johnnybravo
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Joined: 17/Jan/2007
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Posts: 533
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Posted: 06/Sep/2007 at 1:47pm |
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I know somebody who is making working models for one of the reliance refinery plants at Jamnagar. That guy was telling me that RIL employees are given incentives (bonus money) if they complete the said project in time or before time.
This money is given in tranches. If the project doesn't complete in time, the paid money is recovered from the Employees with interest!
For Reliance their strong workforce is in a way one of the better consumers(read exploits)
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tyler_durden
Senior Member
Joined: 24/Oct/2006
Location: India
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Posts: 1615
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Posted: 06/Sep/2007 at 2:30pm |
thats why they re masters in executing big projects...here is one incidence from the days of sir DHIRUBHAI:
The experience of putting up projects in the shortest possible time so as to avoid cost and time over-runs served Mukesh in good stead when Dhirubhai purchased the latest polyster filament yarn technology from DuPont, and decided to set up a 10,000 tonnes per annum plant at a 300-acre site in Patalganga, about 65 kilometres from Bombay. DuPont would have taken two years to raise such a complex, but Mukesh, working with a small project team, completed the job in an incredible 18 months.
again when patalganga plant was flooded ... reliance asked some US firm to help them re start the plant...they asked for 18 months or so and reliance had it up in 3-4 months....(i might be wrong with exact figures in this second case but reliance completed the job in 1/4 of time)
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If you aren't fired with enthusiasm, you will be fired with enthusiasm.
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 06/Sep/2007 at 2:50pm |
'It has become fashionable at public companies to describe almost every compensation plan as aligning the interests of management with those of shareholders. In our book, alignment means being a partner in both directions, not just on the upside. Many 'alignment' plans flunk this basic test, being artful forms of 'heads I win, tails you lose.' --- Warren Buffett
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Life can only be understood backwards—but it must be lived forwards
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ramsey123
Groupie
Joined: 16/Sep/2010
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Posts: 62
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Posted: 05/Apr/2011 at 12:24pm |
Basantji,
How do you ascertain if Management compensation is acceptable and displays integrity?
Do you look for a annual salary as a percentage of Net Profit in that fiscal? Do you think that the salary should also vary along with the net profit?
Your thoughts overall?
Thanks,
Ram.
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 05/Apr/2011 at 9:43am |
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No I do not spend too much time doing that. Companies that have high RoE and use theitr cash with a view not to dilute the RoE will generally not have such issues.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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