RE:Fascinating..
by Anurag Shrivastava on Jul 23, 2007 04:30 PM Permalink
When the "export oriented" textile manufacturers got affected because of issues with exports - they started unlocking value of their real estate. Infosys , Wipro etc are sitting on huge tracks of real estate they never really needed and the year they have profitability pressure - there goes your cafeteria and huge conference rooms when that real estate gets sold to meet street's profit expectations. In someways Murthy is no different from a Sanjay Lalabhai!
RE:RE:Fascinating..
by Ashish Garg on Jul 23, 2007 04:37 PM | Hide message
I guess you are missing the point. By acquiring valuable land, these big companies have already made sure that they have made good investment in real state.
As for a normal employee, do you need good salary or a cafeteria? If you got money, you can always visit Barista outside your company primises!
RE:Fascinating..
by fun guy on Jul 23, 2007 04:53 PM Permalink
Don't worry. All the IT employees invested their earnings in the real estate by geting loan from banks. Banks also welcome them with red carpets. because of the hype, rental value and interest are not matched for the falt they brought. After a big blow in the service industry, all are going to be NPA to the banks. so they will be forced to work for less salary for their survival. Again these companies will loot.
