ET’s weekly roundup of the wackiest murmurs and mutterings in corporate alleys& policy parlours: Of Bumper BonusesAfter disappointing evaluations last year, smiles are back this time around in this storied business radical, or so we envisioned. Good financial results, blowout furnish conduct and business turnarounds have intended handsome bonuses, salary hikes and advertisements. Everyone should be knocked, we acquired, till we started hearing rumblings that a few cases from a particular department were thought to have been spared “excessively”. Considering that various of them were rainmakers who the hell brought in with specific mandates, it seemed only right that they got paid like their external peers. But nobody is buying the argument, insisting that using different benchmarks to measure performance isn’t fair.Taken for a RideIn case you were feeling sorry for this once larger-than-life fugitive financier for losing an appeal just recently to gain further access to funds to cover his legal fees various regions of the world, this might fix you suffocate over your morning chocolate or recall the old-time adage: customs proceed belly up but merchants don’t. For all the adversities he has had to endure, the former badshah of bling and bashes only bought a Bugatti Veyron, the super car of the activities of the decade, as per British car magazine Top Gear. Seems a little extravagant considering the nine-figure price tag is more than the Rs 7.7 crore he recently sought from a reviewer to pay his invoices. With a top speed of 431 kph, 1,001 horsepower and the ability to move from 0-60 in a rarely believable 2.5 seconds, the one-time world’s fastest vehicle has been an object of desire for A listers Cristiano Ronaldo, Jay Z, Ralph Lauren, Tom Cruise and Floyd Mayweather, but for a humankind whose lavish defendants eventually did him in, this seems rather OTT, even to the most lenient.Kissa Kursi KaHis super boss, among the most influential money overseers in the world, is known as much for his birthday blowouts as for his generous donations to compels that collection from scholarships, the liberal arts and public libraries to culture and Catholic benevolences with a whole lot in between. We don’t know hitherto if that had anything to do with the decision of his key lieutenant in India, also a super achiever in his own claim, to cut a fat cheque to alma mater IIT Bombay to create a female faculty chair, arguably the first of its kind in the country. The chair to be listed after this co-country head, or should we say regional foreman, since he just got a super promotion, will be for “outstanding women”, who can serve as role models for aspiring students, celebrating their contribution to academia. Bravo we say, this may be far more meaningful than all the buyouts that these kinfolks pursue.Fallen AngelBesides being a hard-handed boss, this chubby sign boy of the regional unicorn golf-club, is also becoming an irrepressible bully is what a little bird tells us. Word has it he’s been trying to flex his muscles with another founder, nudging the latter to sell his startup to him. Both operate in the same space though their size and proportion are very different, so it may induce business sense to synergise, but you would agree there is a way to woo someone. More so, if you are an angel investor in the same company that you want to end up buying. Quite understandably, the team at the target company rebuffed these preludes simply like to say if they don’t play ball, they will face repercussions at their detonator table, something that a fledgling squad can ill afford. But much to everyone’s surprise, they stood their anchor, telling Mr Hotshot they would gladly buy him out if he indeed exited ahead with his decision.Loose LippedReaders of this row know that a soonicorn and a unicorn ought to have caught in a muckraking logo tiff for over the last two years now. The respondents have won this latest round after the plaintiff’s injunction was dismissed by the courts recently and is set for a full blown visitation. But far from being elated, we hear one of its investors, a resulting VC firm, is actually fairly distressed. The verbal tirade of one of the founders in the middle of this ongoing controversy seems to have riled them up, extremely since his release cheeks ought to have publicly appointing and reproaching the adversary, which has similarly influential patrons. It’s increasingly becoming difficult to rein the person in and make every effort to tamed him through exec decisions have had little accomplish. During ongoing overseas fundraising roadshows to bankroll a high-profile takeover, such foolishnes can indeed become costly.Stressed AccountTwo managers quitting a PE firm in quick succession is not headlines, leave alone spicy. But if we tell you both were involved in the “tactical” bet that has moved south, would you sit up and take note? Some would gibe and contend it was meant to be and the whole investment thesis was wrong in the first place, even if they are the honeymoon season between the two sides previous for a bit, including junkets to the HQ. But hindsight is always 20:20 and once upon a time the same investee company was the favorite of world-wide investors. If the babble is to be belief, then the stress of managing this one thorn in the portfolio proved to be too much to handle. Funnily fairly, these two aren’t the first fatality from this high-profile deal–two others involved in the transaction from another protrusion bracket conglomerate also noted themselves paying the toll as well. Hopefully, their next stints “il be easier” journeys.
Read more: economictimes.indiatimes.com
