Sanjay Mehrotra is a co-founder of Silicon Valley-based SanDisk, manufacturer of removable storage cards, flash drives and MP3 players. SanDisk’s products are used in digital cameras, multi-function mobile phones, USB flash drives, digital audio/video players and other digital consumer devices Before becoming President and COO of SanDisk in April 2006, Sanjay worked as Director of memory […]
This is a story that could happen only in India. Apparently, 500 poor people in the North Indian city of Gurgaon have lost their kidneys to an unscrupulous gang of greedy doctors who removed the kidneys and sold them to rich Indians and foreigners. Describing the literal theft of the kidneys of poor folks, the […]
Citigroup CEO Vikram Pandit, who just butchered 4,200 jobs the other day for so-called expense management reasons, got about $26.7 million in stock (1.094 million shares) on January 22, 2008, according to the bank’s regulatory filings with the Securities and Exchange Commission. Vikram Pandit also received options on three million Citigroup shares, with strike prices ranging from […]
U.S. Presidential candidate Barack Obama trounced rivals Hillary Clinton and John Edwards in the Democratic primaries in South Carolina. Obama got 55% of the votes while Hillary secured 27% and Edwards 18%. Following his decisive victory in South Carolina, Obama said: Tonight, the cynics that said what began in the snows of Iowa was just an […]
Microsoft chairman Bill Gates and his wife Melinda Gates are giving $27 million through their charitable foundation to assist Indian farmers in developing micro-irrigation techniques. The grant is being routed through International Development Enterprises. The goal of the project is to assist up to 250,000 smallholder farm families—1.75 million people—in 14 states of India and boost […]
Infosys Technologies Limited is considered a paragon of virtue among Indian businesses. That of course is fiction. You don’t believe us? Go look at Infosys’ IPO documents dating back to the early 1990s. What did Infosys tell you they were raising money for in the IPO prospectus? Did the company do as promised in the […]