Speaking to Vallabh Bhanshali of ENAM Securities at the ENAM 2020 conference, NR Narayana Murthy, Chairman and Chief Mentor of Infosys, said if greed overtakes leaders, it is inevitable to avoid disasters because in the end systems are much more powerful than individuals.
Murthy feels in the end it is always about ethics and personal values. "That is why it is very important for every society to create checks and balances. That is why it is very important for every society not to create incentives for people to become greedier. That is why it is very important for all of us in the corporate world to create incentives for long-term performance rather than short-term performance."
"I believe that India is better placed than any of the leading economies of the world to recover from the mess that the world economy has got into because of a very simple reason. We are primarily a domestic economy focused nation. Our fundamentals are good. Our productivity is improving."
read full interview on Money Control
Tuesday, November 11, 2008
Greed Leading To Disasters: NR Narayana Murthy
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