GOLDMAN SACHS

Greed, Deceit And Organisational Culture: Three Cautionary Tales

At an extrinsic level the instances I describe might be viewed as isolated cases of individual unscrupulousness/failure/misplaced ambitions. But dig deeper and these stories are a reflection of an irreparable rot that has infested corporate culture. It's a world where irrational demands and insatiable expectations of abnormally high profits make people do things that are outside the bounds of propriety.
ASSOCIATED PRESS

India to Grow Faster Than China, Says IMF; But Slow Down The Celebrations

The International Monetary Fund (IMF) has projected India's growth to leapfrog that of China by 2016, and the report has gained wide press. But this report, in our opinion, is no reason for India to celebrate. The first and the most obvious argument behind our assertion is that the numbers released by the IMF show little more than China's decline. India's ascent cannot be stated as convincingly.

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