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Rin
2015 Mar 28, 5:17pm
The Indian Constitution does not recognize property right as a fundamental right. In the year 1977, the 44th amendment eliminated the right to acquire, hold and dispose of property as a fundamental right.
I would argue that this is the core problem. In the graph below there appears to be a correlation.
I believe a number of nations, including China, use a leasing strategy instead of pure ownership. And thus, when Asians or Russians acquire a lot of money, they tend to park it in London or NYC real estate, as well as our own stock markets. Any why not? As long as they pay their prop taxes, that's an asset which can't be confiscated by the the PRC or Putin.
But still, outsourcing to China is not a low end quality shop as in India, so I don't know where India went so wrong.
indigenous
2015 Mar 28, 5:21pm
Property rights are fundamental to growth in an economy. After all, is it stealing if no one owns anything?
Rin
2015 Mar 28, 5:24pm
Property rights are fundamental to growth in an economy. After all, is it stealing if no one owns anything?
Read through that list, all of our outsourcing partners are ranked below 20.
But as far as money goes, one can make money, and send it to the City of London for laundering.
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Google just found out that luring a top executive from Wall Street to Silicon Valley is expensive.
The Californian company is paying its new chief financial officer, Ruth Porat, more than $70m to defect from the same job at New York investment bank Morgan Stanley.
The lucrative pay package, disclosed in a Thursday regulatory filing, underscored how much Google prized Ms Porat, who is considered to be among Wall Street's most powerful women.
Ms Porat, Morgan Stanley's CFO since 2010, will start her new job on May 26. Shortly after her arrival, Google will award her stock valued at $25m and then dole out another bundle of stock worth $40m next year. The stock awards will vest in stages through 2019.
Google, the internet's most profitable company, is giving Ms Porat a $5m signing bonus to supplement her initial salary of $650,000. Ms Porat, who grew up in California and graduated from Stanford University, will be reimbursed for moving to Silicon Valley, too.
Morgan Stanley paid Porat a $1m salary as part of a $10.1m compensation package in 2013. The bank hasn't yet revealed how much it paid Ms Porat last year.
Google's current CFO, Patrick Pichette, received a $650,000 salary as part of compensation totaling $5.2m in 2013.
Mr Pichette, who is retiring, started out with a $450,000 salary when he became Google's CFO in 2008 and received $1m in bonuses. Google gave Mr Pichette less stock than the company is giving Ms Porat, though the company didn't specify the value of Mr Pichette's award at the time of his hiring.
Ms Porat is highly regarded for steering Morgan Stanley through the aftermath of the financial meltdown that triggered the Great Recession.
Analysts have applauded Google for landing Ms Porat as its CFO, partly because they are hoping she will bring more financial discipline to a company that has a penchant of spending heavily on projects, such as driverless cars and medical research, that have little to with its main business of search and advertising.
Investors also think that with Ms Porat overseeing the company's finances, there is a better chance that Google might dip into its $64bn cash pile to pay a dividend or buy back shares to boost its stock price.
http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/digital-media/11498489/Google-just-revealed-its-paying-its-new-CFO-70m.html