Sunday Posts

This death was like no other. It was not to be mourned, for a start. Instead, it was to be celebrated. Each death is different. How silly it was for us to imagine it like a black curtain, beyond which our eyes can't see, but what must come at the end. But always black, always pulled with a string by an invisible hand, and it is always the end. But, as I say, all deaths are different. Some in certainty, some in suddeness. Some distinguished by its ease, some tortured by its pain. Some of these mark a definite end, but some begins the trail. Trail? Of death, or of celebration? Well, a trail, let's say at this time - a journey - as in Dante's Inferno, some deaths are the beginning of love. Yes, love - because love begins in separateness, to end in oneness. Death is the final separateness, to be matched only by another death to oneness. Why am I so down tonight? Or am I drunk? Do I see the end of the road to think about death? But I am saying death isn't the end of the road...

Britain's curry houses are facing a crisis. They can't any longer bring chefs and cooks from Bangladesh to work there. The Home Office has banned all semi-skilled worker visas from non-EU countries, and hence the crisis. One must note that curry is Britain's favourite food and there are 9000 curry houses in the UK. Welcome to the world of Polish Pulao and Bulgarian Biriyani! Well, I have no knowledge, and therefore, no aversion, to East European culinary. Just that it makes no sense to have a polish cook a food which he is not accustomed to or would never enjoy eating. And, if cooking isn't a skill, what is? This is indeed the problem of Home Office. They have so much to learn from private enterprise. But, above everything, they need to learn Talent Management. They are nation's talent managers. The problem is that they don't know that. All governments either over-legislate or under-legislate. The New Labour under-legislated immigration first, and then over-legi...

It is indeed Barack Obama's moment. He won another three primaries today. As he would say - change is coming to America - it suddenly looks very possible, an Obama presidency. Hilary Clinton apparently does not seem to mind the losses. Though she has fired her campaign manager, but she is pinning her hopes on big states and kicked off her campaign in Texas. So, she wants to do Texas, Ohio and Pennsylvania, which can get her back to the race because they have big delegate numbers, and then get a majority among super-delegates, the democratic party leaders and officials, to seal her nomination. But this strategy looks like a mistake now. This is a dangerous time, where political calculations of the old may not hold true. This is the mistake which undid Guiliani, the erstwhile Republican front-runner. This seemed to be undoing Hilary too. Because, well, let us say - because change is coming to America. A new 1968 is dawning. Young people, black people, professional people, suddenly un...

My second day in Manila was surely memorable. I always loved this part of my job - going to new countries and trying to set up a business there. It is very unlike a tourist visit, it does not have the trappings of coming to stay [as I did in Britain some time back] - but it needs all the involvement and sincerity that someone trying to settle in a country will need. So, it was not enough for me to know that the Philippines is the only Christian country in Asia. I had to find it from my visits to bookshops - obviously I got into some of them in course my visits to the huge shopping malls that mark the landscape - that the section on bibles is huge, with many interested readers! Also, I had a great time reading the newspapers. Filipino newspapers assume that every reader already knows a bit about the country, so in many cases, use initials for people's names. I have been noticing quite a bit of news on anti-GMA rallies happening since yesterday. Well, I must admit that I initially as...

I also watched with fascination Kevin Rudd, the Australian Prime Minister, apologise for past abuses of aborigins. I was not aware, but I am now, that the Australian government forcibly snatched children from aborigin families in name of assimilation till 1960s. What travesty, I shudder to think, to take children away from their parents and families, forcibly, to integrate them into civilization. I am sure all of it was done in the name of progress, freedom and civilization. And, I am sure this invited less attention from Western media than Mugabe's slum clearance. No apologies for Mugabe - he is a monster anyway - but some compensation to match the sincere apologies from the Prime Minster will surely help.

I was listening to some of the major Microsoft shareholders talking on Bloomberg. They are asserting that Microsoft should not - and would not - up their offer for Yahoo!. They say they have already transferred some value to Yahoo!, as MS shares are slightly down and Yahoo! shares are significantly up. So, Microsoft should walk out of the deal, and let the Yahoo! shares fall and buy shares out of the open market at about $25 [Microsoft's offer was $31, which Yahoo! says too low]. Of course, I have also heard Yahoo! shareholders - including the second largest shareholder in Yahoo! asserting that the offer was indeed too low. But, funnily, almost everyone saying no has assumed that this is inevitable. That's what struck me - I am sure that with $20 billion in cash, Microsoft will almostly surely take over Yahoo!. I shall keep watching this with interest.

Yahoo! board actually rejected the Microsoft offer, saying it is 'too low'. They are 'not saying no at any price', but they feel this offer undervalues their investment. The current offer was at an approximate 60% premium on their share price. Wall Street Journal reports that they are looking at $40 per share price, about 109% premium. Microsoft, since they are in this, is likely to come back with an improved offer. Businessweek quotes an analyst saying that Google will have a field day under the circumstances, taking their pick on Yahoo!'s top talent. It is an interesting comment, as this shows where modern-day technology acquisitions may actually go wrong. The M&A model is industrial-age, based on per share or Asset based valuation, rather than talent-based valuation, that it almost guarantees failure. Tom Peters made his point on talent management - why can't a business run the way a football club is run - and I guess the same should hold true for M&A...