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Race to the top

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Dan Vasella stepped aside from the CEO role at Novartis yesterday to be succeeded by Joe Jimenez, the head of their pharmaceutical business. Along with this, the other person in contention, Joerg Reinhardt, quit the company to look for options elsewhere.

This reminded me of a course we had, on Managing Teams, taught by Henry Moon, this brilliant guy who somehow made everything sound so simple.

In one of the classes he was explaining why CEO salaries are so high. His contention was that the brilliant people at the level below the CEO are the ones that drive any organization and the position of the CEO is like the reward. And they know only one out of many will reach there. Therefore, in order to incentivize everyone to actually fight for the spot and perform at their best, it was important to keep the reward high, just as you would do in a lottery. If the chance of winning is low the reward has to be high to compensate for it.

One of the drawbacks of such a system is that when some one wins, the others in the race generally leave the company, and that is a concern. However, Prof. Moon said that this is inevitable and was necessary to promote fresh blood. He gave the example of GE – when Jeff Immelt became CEO, the others in contention left to head other organizations. When this played out again yesterday, I couldn’t help wondering if there is no other option.

As they say in hindi, “Ek mayan mein do talwar nahi reh sakti.

Written by Goyal

January 27th, 2010 at 11:37 am

Louis rocks!!

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You know how there are moments in class you would probably never forget about. Well, this was one of them. At first I thought I would post it on the ISB Students’ Blog, but then figured it would be slightly inappropriate for that.

Anyway, we have this absolutely amazing professor, Louis Thomas, who teaches us Economics of Strategy, and was trying to explain how commitment works. It was then when he came up with this example. And after that I haven’t been able to think of a better one. Hats off to you Louis! And Meatloaf makes it even more memorable.

PS: For those who were wondering what baseball was doing in the song, read this. And the song is Paradise by the dashboard lights.

Written by Goyal

January 17th, 2010 at 3:57 am

Sometimes, slow is good!

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What is common to Dravid, Riquelme, and Sergio Leone? A sense of perfect timing.

If you watch Dravid bat you would realize that he plays the ball like he has all the time in the world. Let alone his defensive ones, even his scoring shots are played with elegance that are on a different plane than those around him. His hooks and pulls are not hurried, unlike other Indian batsmen. There is clam and equanimity in his style of playing.

Riquelme played with a charm not seen for almost a decade. In a fast paced modern game, he was a throw back to the times where skill mattered more than speed. He controlled the ball and created opportunities others could not sense. From a post on the Guardian,

In many ways, he is the closest thing football has to a quarterback, the most influential and glamorous position in American sport. The quarterback is the creator, the player who invents the game as he goes along. If it means passing back or sideways, in order to progress, so be it. Because what Riquelme has, above all else, is patience, the very quality Leo Beenhakker, the veteran Dutch coach of Trinidad & Tobago, says England, so hurried and committed to the long ball, palpably lack.

If you watch a Sergio Leone movie, you will understand that long movies are not boring. A 10 minute shoot out scene with only one bullet being fired is as fast and tense as the Matrix II bike chase scene! A long drawn shot of Eastwood staring at Van Cleef can be very interesting. It seems like the entire world has slowed down, and you can now focus on the action in the middle.

Slow is not always boring. Slow can be elegance. Slow can be precision. Slow can be like symphony!

Written by Goyal

November 22nd, 2009 at 9:19 am

Coke Studio

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For the past couple of days, I have been totally hooked on to the performances on Coke Studio, and the concept itself. Go check it out.

One that I really like is Titliyaan by Strings.

दिल था खिलौना, चलो टूट गया
क्या कहें
कोई साथी था, जिसे चाहा था
वोही लूट गया, क्या कहें

Written by Goyal

November 16th, 2009 at 2:43 pm

October was a lazy month. And eventful. …

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October was a lazy month. And eventful.

Sudeep got married. And it was the largest gathering of the STAR-PLUS after Rahul’s wedding. I am guessing this is going to be a regular feature since the next big event is going to be Ankit’s wedding in February. I am hoping that I do get placed by then and am able to attend that one :)

And since the marriage is in Guwahati, I would also be able to make a stopover at home :)

At ISB, I have applied for my first job. Its for a business development role at a biotech startup. I would love to work in such an environment and would be a lovely place to learn almost about every aspect of the business. Keeping the fingers crossed!!

Written by Goyal

November 2nd, 2009 at 10:11 am

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The Delhi Trip

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First up – Congrats Gogo!!

The trip was a load of traveling around, caught a lot of traffic jams. Did a lot of catching up with some old friends. Lots of eating out. Got Bansal to clean up – not an easy task I tell you. Caught a live concert, played cards, ate breakfast at NII (Oh how I miss that!!), and almost missed the return flight.

Even though I am in Hyderabad, I am still mentally stuck in Gurgaon :(

Written by Goyal

October 12th, 2009 at 11:03 am

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Movie marathon

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There was only one choice to be made. To sleep early, or do a movie marathon. Thankfully, I chose the latter :) So here I am. An hour before I start from ISB for the airport, and I have just completed watching three awesome movies, back to back.

The first one was a Japanese animated movie, Spirited Away. Just found out that it was the first anime to win an Oscar. Deserved one if you ask me.

This was followed by Vicky Cristina Barcelona. Scarlett Johansson and Penelope Cruz. ‘Nuff said!!

Finally, after a long wait, I ended up watching Boy A, by far the best movie of the evening. Loosely based on a true story, it track the difficult journey of a child convict trying to lead a normal life after completing his sentence. Immensely touching, and a brilliantly made movie. A must watch if you ask me.

Anyway, I must now complete the packing bit, and get ready to ride to the airport.

Written by Goyal

October 6th, 2009 at 4:36 pm

Good weather and exams! Always. Has to …

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Good weather and exams!

Always. Has to be. Somehow exams have always coincided with good weather here at ISB and it makes studying for the endless number of exams we have that much more difficult. A huge cosmic conspiracy I tell you!

PS: Also coincides with certain people being out of station :P

Written by Goyal

September 30th, 2009 at 6:26 am

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The blog has undergone a change

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The blog has undergone a major change, and it is more functional than cosmetic.

I have realized that I don’t have time or patience to write longer posts given the time, and hence starting on this P2 theme. It feels more like Twitter, and I hope I am able to post more often :)

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September 29th, 2009 at 2:09 pm

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ISB Rocks!!

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The most amazing day @ISB so far!!

Written by Goyal

August 15th, 2009 at 11:50 am