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Apr 302009
 



We think Sanjay Jha, the overpaid co-CEO of Motorola and CEO of the company’s Mobile Devices unit, will join the ranks of the unemployed in the not-too-distant future.

Horrible Disaster
Motorola’s mobile phone business continues to fall off the cliff.

This morning, Motorola announced its first quarter results and the Mobile Devices business headed by Sanjay Jha is a horrible disaster.

Sales at the Mobile Devices unit are down year-over-year by 45% to $1.8 billion in the first quarter while the losses are up 22% to $509 million.


Sanjay Jha
Co-CEO, Motorola

Mobile phone sales at the company are down by over 46% to 14.7 million units in the first quarter from 27.4 million units in Q1 of last year.

Motorola’s share of  the mobile phone business fell to 6% from 9.4% in the first quarter of 2008.

Motorola is hoping that the Google Android-powered smartphones Continue reading »

Apr 302009
 

We are happy.

India’s Mahila SEWA Trust has won the MacArthur Award for Creative and Effective Institutions.

Mahila SEWA Trust (based in Ahmedabad, Gujarat) will receive up to $650,000 that it can use for several purposes including training and research facilities, technology upgrades and purchase of new office space.

Mahila SEWA Trust works for the welfare of members of the Self-Employed Women’s Association, a trade union of poor, self-employed women workers that organizes women for employment and social security including income, food and health security.

Apr 292009
 

A short while ago our President Obama made clear what many Indians have been saying and demonstrating in action for decades even in the face of grave provocation in Kashmir, Mumbai, Delhi  and elsewhere – the biggest threat to Pakistan comes not from India but from within its borders.

Here you have it in Obama’s own words:

On the military side you are starting to see some recognition just in the last few days that the obsession with India as the mortal threat to Pakistan has been misguided Continue reading »

Apr 292009
 

Bet all ye schmucks in the boondocks think Panch Pandavas refers only to Yudhishtira, Arjuna, Bheema, Nakula and Sahadeva.

Ha ha ha.

Shows how little y’all know because there’s little evidence that any of these ‘wife-sharers‘ existed.

Here are the real Panch Pandavas of India:

* P.N.Haksar
* T.N.Kaul
* D.P. Dhar
* P.N.Dhar
* R.N.Kao

Now for a brief history lesson.

The time was the late 1960s. Indira Gandhi had become Prime Minister of India following Lal Bahadur Shastri’s unexpected death in Tashkent.

However, unlike her father Jawaharlal Nehru, who was an extraordinarily well-read man and whose ideas laid the foundation of modern India, there’s little evidence to show that Indira had any intellectual DNA in her body.

Early Days
Those were the early days in Indira’s tenure as Prime Minister and she faced intense threat to her political survival from the old guard of the Congress party. These old foggies were collectively referred to as the Syndicate.

The inexperienced Indira was confronted with a hard choice. She couldn’t rely on the counsel of the Syndicate whose members viewed her as a puppet but at the same she needed some wise counsel to navigate the country through the treacherous shoals of her inexperience.

So Indira developed a team of five smart advisers whose advice she could rely upon in governing an unruly nation.

In time, these advisers came to be known as the Panch Pandavas.

1. Foremost among these advisers was Purshottam Narayan Haksar, the England-educated lawyer who became Indira’s Personal Private Secretary and close adviser. In her biography of Indira Gandhi, Katherine Frank writes that “Indira trusted Haksar’s intelligence and judgement implicitly and completely. From 1967 to 1973, he was probably the most influential and powerful person in the government.” Continue reading »

Apr 292009
 

Good times are a coming, folks.

Yes, good times are on the horizon.

Media reports increasingly suggest that the days of Desi Butcher a.k.a. Vikram Pandit, the CEO of Citigroup, are numbered.

Here are some of the headlines for the greedy Desi Butcher, who massacred tens of thousands of jobs at Citigroup while drawing an obscenely hefty pay package:

* Days could be numbered for Bank of America, Citi CEOs – Economic Times
* Fresh questions on Pandit future – Financial Times
* CEO Stressed Out – NY Post Continue reading »