IN ALL THE NOISE AND FURY of the past two weeks post the Hindenburg bomb I felt it was best to let the froth of opinions – most of them political – subside before we could dispassionately look beyond the multivariate range of emotions which cloud the judgement necessary for an unbiased analysis of what is unarguably a very complex situation.
To my mind there are five central issues to this saga. It would be best not to conflate entrepreneurial zeal and risk taking approach with fraud. I would, thus, group the pertinent issues under five heads: business model risk, capital efficiency, stock manipulation, governance (institutions and corporate) and crony capitalism. I will leave politics out of it though it is juicy enough to have warranted attention. Many of the points raised in the report are with respect to the risk perception of the
This story is from the March 11, 2023 edition of Business World India.
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This story is from the March 11, 2023 edition of Business World India.
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