LIFE LESSONS FROM SATYAM

A Life Driven with blinkers in search of popular defiantion namely money,fame and power begets cancereous Greed that can potentially invade the basic moral values,enslave us to peer pressure and leave us with permanent sence of insecurity .
The dogged pursuit of sucha success largely governed by external paramteres largely governed by happiness.
Much has bee return about the Satyam saga since the day MR Raju pulished the sensational story about the tigers tail.
Does this event raise an alaram much of something much deeper engulfing our socitey given the increasing number of corporate scandals acroos the world? Are We to blame ?The fundamental attibutes that governed his actions involved the desire to maximise wealth and power not only for himself and for his family too with scant regard for other stakeholders not minding the dishonest and unethical means to achieve above purpose.
Although the full extent of financial activities that went behind the scenes are unearthed , it apperas that they constitue one or more of the following :funeeling out cash from parent company ,establishing a shady nexus between with politicians keeping up bogus numbers to keep performance in line with leading peers and gradually reducing personal shareholding .Investing company wealth in personal real estate holdings,patronising the son's firm at the cost of parent.
lets take the atttribute Hoarding of personal wealth and gaining precendence over all else
Aren't most of our lives driven by thios shallow goal .As employees howm many of us really care about the long term goals of the company what we are really intrested is in our salary bonus or stock options and most money for ourselve in matter few time period.
It is these attitudes that led to the collapse of wall street and borught the global finacial market to its Knees.
CEOs and staff in leading investment banks acted ina way that would maximise their year end bonus with little regard fotr how their actions would haunt the company in mere future and now th same guys crying for their jobs and shouting out slogans against the companies .What an Irnoy.
What is Necessary for a strong economy is that the employees and promoter should be driven by passion and not by greed.A passion to love your job and not only your title,networth ,salaries or perks.

ECONOMICS( A-Z)
Terms beginning with A
Absolute advantage | Adaptive expectations | Adverse selection | Advertising | Agency costs | Agricultural policy | Agriculture | Aid | Altruism | Amortisation | Animal spirits | Antitrust | Appreciation | Arbitrage | Arbitrage pricing theory | Asian crisis | Assets | Asymmetric information | Asymmetric shock | Auctions | Austrian economics | Autarky | Average

Terms beginning with B
Backwardation | Balance of payments | Balanced budget | Bank | Bankruptcy | Barriers to entry (or exit) | Barter | Basel 1 and 2 | Basis point | Bear | Behavioural economics | Beta | Big Mac index | Black economy | Black-Scholes | Bonds | Boom and bust | Bounded rationality | Brand | Bretton Woods | Bubble | Budget | Bull | Business confidence | Business cycle | Buyer's market

Terms beginning with C
Cannibalise | Capacity | Capital | Capital adequacy ratio | Capital asset pricing model | Capital controls | Capital flight | Capital gains | Capital intensive | Capital markets | Capital structure | Capitalism | CAPM | Cartel | Catch-up effect | Central bank | Ceteris paribus | Charity | Chicago School | Classical dichotomy | Classical economics | Closed economy | Coase theorem | Collateral | Collusion | Command economy | Commoditisation | Commodity | Common goods | Communism | Comparative advantage | Competition | Competitive advantage | Competitiveness | Complementary goods | Compound interest | Concentration | Conditionality | Consumer confidence | Consumer prices | Consumer surplus | Consumption | Contagion | Contestable market | Convergence | Corruption | Cost of capital | Cost-benefit analysis | Creative destruction | Credit | Credit creation | Credit crunch | Creditor | Crony capitalism | Crowding out | Currency board | Currency peg | Current account

Terms beginning with D
De Soto, Hernando | Deadweight cost/loss | Debt | Debt forgiveness | Debt-equity ratio | Default | Deficit | Deflation | Demand | Demand curve | Demographics | Deposit insurance | Depreciation | Depression | Deregulation | Derivatives | Devaluation | Developing countries | Development economics | Diminishing returns | Direct taxation | Discount rate | Discounted cashflow | Diseconomies of scale | Disequilibrium | Disinflation | Disintermediation | Diversification | Dividend | Division of labour | Dollarisation | Dominant firm | Dumping

Terms beginning with E
ECB | Econometrics | Economic and monetary union | Economic indicator | Economic man | Economic rent | Economic sanctions | Economics | Economies of scale | Effective exchange rate | Efficiency | Efficiency wages | Efficient market hypothesis | Elasticity | Emerging markets | Endogenous | Engel's law | Enron | Enterprise | Entrepreneur | Environmental economics | Equilibrium | Equities | Equity | Equity risk premium | Euro | Euro Zone | Eurodollar | European Central Bank | European Union | Evolutionary economics | Excess returns | Exchange controls | Exchange rate | Exogenous | Expectations | Expected returns | Expenditure tax | Export credit | Exports | Externality
Factor cost | Factors of production | Factory prices | Fair trade | FDI | Federal Reserve System | Financial centre | Financial instrument | Financial intermediary | Financial markets | Financial system | Fine tuning | Firms | First-mover advantage | Fiscal drag | Fiscal neutrality | Fiscal policy | Fixed costs | Flotation | Forecasting | Foreign direct investment | Forward contracts | Free lunch | Free riding | Free trade | Frictional unemployment | Friedman, Milton | Full employment | Fungible | Futures

Terms beginning with G
G7, G8, G10, G21, G22, G26 | Game theory | GATT | GDP | Gearing | General Agreement on Tariffs and Trade | General equilibrium | Generational accounting | Giffen goods | Gilts | Gini coefficient | Global public goods | Globalisation | gni | GNP | Gold | Gold standard | Golden rule | Government | Government bonds | Government debt | Government expenditure | Government revenue | Greenspan, Alan | Gresham's law | Gross domestic product | Gross national product | Growth