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Showing posts with the label Business Legends

The incomparable Bill Gates

I remain confounded as to why Bill Gates is not universally loved in this world. Ask people at random to name the greatest living person  and you'll get a wide variety of names. But I bet, you won't see the name of Bill Gates very much. And yet , to me, he would rank right up alongside with Nelson Mandela for that honour. Why ?;  do you ask ? here's why. There have been many incredibly successful businessmen in the world. Few can deny that Bill Gates is one of them. But he is only one of many; many preceded him, and no doubt many will succeed him. But even in the success, you should laud his lifestyle - never ostentatious, low key, with class and style and the very epitome of what a successful businessman should be. And then he gave virtually all his money to charity. In this, he is rare, but not unique. Others have donated large sums before too. The list of business tycoons, who have been major givers for social causes is an illustrious list. But he is absolutely unique, i...

A consultant worth the money

Consultants are renowned for being expensive and useless. Every company has horror stories of incredibly expensive consulting which has proved to be utterly worthless. That doesn’t stop companies from continuing to splurge untold millions on consultants though. The consulting industry is alive , well and thriving. But this is a story of a consultant who delivered a zillion times more value than what he was paid. In 1982, a management consultant was employed by a group of banks to advise them on the sale of Switzerland’s last watchmaking giant, which they had bailed out earlier. This was the early 80s, when Japan was sweeping the world. It looked like the famous Swiss watch industry was on its last death throes and that the centre of the industry must inevitably shift eastwards to Asia. Switzerland with its high costs and outdated notions of making mechanical watches by hand and charging the moon for them looked obsolete. The consultant who walked in was Nicolas Hayek. But instead of se...