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Vikram pandit great guy but
by gakkad on Dec 19, 2007 08:03 AM

My apology for saying this but I have no respect for people who work at wall street. I feel his education/smartness is wasted. I have been working for couple of investment banks in wall street, it is a vicious circle where you need to make money setting aside all morales. Luckily I work on the technology side, i have seen these guys scrap out common person's money while earning million $bonus, hefty severance package. Look at the subprime crisis that these guys created. The .dot com bubble where these investmet bankers pumped and dumped stocks. Since past decade you hear so many investment bankers cooling their heal in jail for defrauding investor. Citi, Merrill, JP Morgan, goldman sachs, lehman brothers pay million $ in fine for illegal trading every year. Their policy if you get caught it is 10 mill$ in fine if not then it is a 100 mill.$ profit.
The true indian heroes are Mittal, he is such a genius that govt. invite him to revive their steel industry. Indra nooyi turned pepsico into an allround beverage and food company thus rewarding investors with great dividend. Narsimha chari who created the mesh wireless network standard...there are many who created something rather than scalping pennis out of trading slippage, mechanical quant system which keeps scrapping money minute by minute by seeking best price execution (how can you call these investing ? I really don't know).
Sorry no offense for the hardworking Vikram pandit.

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