Weekend Reads:June 02, 2012

Some interesting reading for the weekend:

India’s economy hits the wall (Economist)

Worst week ever for US Economic Indicators (Bespoke)

Why Disney bought Ronnie Screwvala (Caravan)

The absurdly low valuations of Shree Ganesh Jewellery (GauravBlog)

Are Sikhs being led by dunces? (Open)

The other world of professional chess players (ForbesIndia)

The 10 things economics can tell us about happiness (Atlantic)


Saas Bahu Saga playing out at Dhanbank

In an earlier post, I had mentioned how Bank MD’s show poor results immediately after taking over.This serves the dual purpose of starting with a clean slate and showing the predecessor in a poor light.

The same saga is repeating at Dhanlaxmi Bank where P G Jayakumar has taken over after the resignation of Amitabh Chaturvedi.

The latest results for FY2012 indicate a loss of 115 Crores as opposed to a profit of 26 Crores last year.

Ah well…