One more article on Lalu's railway
I am feeling guilty on writing third post on Lalu in 2 days. But I have to after reading this in Business Standard today. This article raises questions on railways turnaround and tries to paint a picture that the so called turnaround is a matter of good luck and even goes overboard to suggest that it is not sustainable. And in the process it throws some numbers that confuse you more than convince you. To me this seems like a non-cricketer watching Sachin playing very well and then telling the world that Sachin doesn't know how to play and had he been there in his place he would have smashed every ball over the boundary! Huh... Or is it the over intellectual mindset prevalent in some ivy league graduates who can't help but think 'How can a buffoon from a remote hinterland teach in the same B-school that I attended'. You will have to live with it Mr. Sunil Jain. And here is my two cents question: Will an organization on brink of bankruptcy look for its survival or at improving its operating ratio? Financial gurus who are part of junta will answer this. |
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