Indians ... Your Guys Are Just Rocking! (20)
Yesterday, Larry Page handed off pretty much all of his CEO responsibilities at Google to Sundar Pichai. With Satya Nadella at the helm of Microsoft, this means that Indians are now running THE two dominant search PPC companies in the world.
This is just amazing.
Sundar Pichai has an amazing track record: Indian Institute of Technology, Stanford, Wharton, several years at McKinsey and now responsible for
- Google search
- Google ads
- Google commerce
- Google apps
- Android
- Google maps
- Google research
- Google+
- Google Chrome
- Google infrastructure
Respect.
Of course, Pinchai is not the only Indian success story. Arcelor Mittal (Lakshmi Mittal), Deutsche Bank (Anshu Jain), PepsiCo (Indra Nooyi), Citicorp (Vikram Pandit), Mastercard (Ajay Banga), Unilever (Harish Manwani), Vodafone (Arun Sarin) have all been examples of Indians who have become CEOs -- not of Indian companies -- but global Fortune 500 companies.
It is hard to believe that just a generation ago, South Asians were nowhere to be found in the executive ranks, and (if I am being completely honest) discriminated against and looked down upon by most business people in America and Europe.
There is an insightful article here http://firstbiz.firstpost.com/corpor...age-22267.html which is definitely worth a read
5 reasons why Indian CEOs are making it big on global stage
Last August, Time magazine did a cover story on India's biggest export: it wasn't about IT, or textiles or even illegally mined iron ore. It was CEOs.
The roll-call of India-minted CEOs (or COOs) is the best for any emerging market: from Vikram Pandit at Citicorp to Anshu Jain at Deutsche Bank to Indra Nooyi at PepsiCo, Ajay Banga at Mastercard and Harish Manwani at Unilever, the management story of the last decade can, arguably, be labelled as the story of the Indian manager breaking through the glass ceiling at global companies. An Indian, Ajit Jain, may yet end up as successor to the legendary investor Warren Buffett at Berkshire Hathaway. Jain is already CEO of Berkshire's reinsurance business.
Wrote Time, quoting executive search firm Egon Zehnder: "The data suggest Indians are scaling corporate heights. In a study of S&P 500 companies, Egon Zehnder found more Indian CEOs than any other nationality except American. Indians lead seven companies; Canadians, four. Among the C-suite executives in the 2009 Fortune 500 were two mainland Chinese, two North American Chinese and 13 Indians, according to a study by two professors from Wharton and China Europe International Business School."
Can the rise and rise of the India CEO in global corporations be taken for granted in the future? The answer is largely "'yes", but with a few caveats, if one were to go by the consensus at a debate organised at the World Economic Forum (WEF) on Monday at Mumbai's Grand Hyatt.
The participants included Vineet Agarwal, Joint Managing Director, Transport Corporation of India TCI), Alok Kshirsagar, Director, McKinsey & Co, India, Joseph Massey, Managing Director and CEO, MCX Stock Exchange, Phanindra Sama, CEO, Pilani Soft Labs, Venkatesh Valluri, Chairman and President, Ingersoll Rand India, and Harpreet Duggal, Senior Vice-President, Genpact.
The discussions, moderated by Shaili Chopra of ET Now, threw up at least five critical reasons why Indian CEOs are doing so well in global companies. Here they are:
# 1. Indian CEOs are comfortable with diversity and difference. Indians grow up in an atmosphere where cultural diversity - of language, faith, and caste, among other things - is a given. Global companies, which operate in a multi-cultural environment in their quest for talent, markets and resources, find Indian managers more willing to adapt and lead.
Handling diversity needs high EQ - emotional quotient - and an understanding of cultural differences in various work environments. Quips Agarwal of TCI: "After Catholic nuns and monks, Indian CEOs have the best EQ. We are more sensitive to cultural differences. We are brought up that way."
Sama of Pilani Soft Labs agrees that diversity is part of the Indian DNA. For example, when "we built a website for our company, we knew it had to be in many languages." In south-east Asia, they often build websites in one language, thanks to their monoculturalism.
Talking about his experience of working with Texas Instruments, Sama says the company wanted uniformity: the same designs for tables in all offices, and even parking lots. At Pilani, which is in 14 states, each office operates quite differently - with its own style.
# 2. Indian CEOs are hard-boiled in the harsh crucible of the Indian environment. "The government is no help", says Agarwal. What is achieved is "inspite" of government, agrees Sama. As Indian CEOs operate in a negative business environment with lots of red tape at home, when they move to a global environment they find it a breeze.
Harpreet Duggal of Genpact recounts his company's experience in the IT-enabled services sector. The sole driver of the business initially was cost arbitrage - Indian call centre workers were much, much cheaper than those in the west.
But converting this into a business model took a lot of doing - there was simply no environment to encourage it. Says Duggal: "There was no infrastructure, or policies in place. There was no ready market (for talent) or a supply chain. In the first seven years, business schools would not give us time on the first two days of placements." The department of telecom had to be convinced that call centres should have the right to terminate calls at their end.
In short, Indian CEOs have to build almost everything from scratch in a semi-hostile environment. Joseph Massey, CEO of MCX Stock Exchange, which is fighting to be allowed in as a new stock exchange, says Indian CEO's time is spent 80 percent in managing the environment, and only 20 percent doing his real job. Little wonder, when this 80 percent is freed up substantially, they take off like a rocket globally.
According to Venkatesh Valluri of Ingersoll Rand, Indian CEOs handle companies where the internal processes are far less stable that in the west. This means running a global company is far easier. "If a leader in India can successfully run a $100 million business, it means he can run a $2 billion global business as well," says Valluri.
# 3. Indian CEOs try and make do with less. Apart from the famous Indian jugaad approach, which is frugal on resources and capital, most Indian companies are run as family businesses where capital and resources are sparingly given to the professional CEO.
According to Alok Kshirsagar of McKinsey, Indian managers have a "bifocal approach" - they can manage both daily cash balances and long-term vision." To which Valluri adds the kicker: If China, with the best infrastructure, can grow at 9 percent, and India, with its bad infrastructure, can grow at 8 percent, Indian CEOs are managing very well, thank you.
# 4. Indian CEOs are more focused on returns and execution. According to Kshirsagar, the big differentiator for Indian managers is their focus on RoE - return on equity. "They have a value-orientation and (focus on) on return on equity", which is obviously learnt in family-run businesses, which are niggardly in the allocation of capital.
# 5. Indian managers have a better overview of the whole business than their western counterparts. According to Massey, Indian CEOs have to ensure delivery of business results to their owners, and hence work towards execution. They thus learn about all sides of the business. In some global companies, "there is no organisational view even at the HOD (heads of department) level," says Massey.
"The Indian CEO is groomed to work till the job is done. They have good talent, and a good view of the whole company."
Duggal of Genpact would put innovativeness and creativity as a key factor in the success of the Indian manager. He says if he were to throw up a challenge to business colleagues in India, the chances are they would "deconstruct" it and raise a lot of questions. In China, they wouldn't question it much, but would be extremely productive.
So is the sky the limit for Indian CEOs?
Not so fast, says Kshirsagar. He says Indian CEOs have a lot to learn. Among other things, they should not make the same errors expat CEOs made in India - assuming that what works at home should work well abroad, too.
The caveats must be noted. But for now, Indian CEOs are basking in the sun for success.
Damn straight 
Well, being Indian myself, I've gone to India a couple of times this year alone.
I remember when I was young my 8 year old cousins had memorized their 20x timetables! They do crazy amounts of studying/homework due to the competition to find jobs. A lot of them have families and responsibilities and the nature of working hard is built into them due to their environment. Of course, I'm generalizing here but they're hard workers no doubt!
Probably the same in China, Philippines and other high competition countries I would assume.
Originally Posted by mateen
Well, being Indian myself, I've gone to India a couple of times this year alone.
I remember when I was young my 8 year old cousins had memorized their 20x timetables! They do crazy amounts of studying/homework due to the competition to find jobs. A lot of them have families and responsibilities and the nature of working hard is built into them due to their environment. Of course, I'm generalizing here but they're hard workers no doubt!
Probably the same in China, Philippines and other high competition countries I would assume.
There are plenty of Indians ruling the roost at Google - so much so that Google mountain view celebrates each and every festival of India in the same way that they would would do when in India. A couple of days back there was huge Diwali celebrations.
Another Indian veteran that Google paid one time retention bonus of $100 million USD to hold him just when he was about to jump ship to join twitter. He has entire display ad portfolio under him - Neal Mohan - He controls something that we all have interest in - Google Display Network, AdSense, AdMob, Ad Exchange, Invite Media, AdMeld etc., etc.,
http://www.businessinsider.in/Google...w/21196584.cms
Huge respect!
Of course, there are many other Indians that work behind the scene holding crucial positions in Google!
Well India has soon maybee an American president. Bobby Jindal going to be in next president race. he is governor of Luisiana really popular conservative republican governor. Nikki Haley in South Carolina is also an Indian governor.
Originally Posted by globejohan
Pretty good to become one of the youngest governor in USA , also got re elected. As non white in USA its not easy to archive that..I think its pretty good archivement.
MidPoint | Christian Whiton to discuss Bobby Jindal for President.
http://www.youtube.com/watch?v=biVnbdDAQTc
Originally Posted by mobxpert
Originally Posted by globejohan
From Wikipedia http://en.wikipedia.org/wiki/Bobby_Jindal:
- Jindal was born in Baton Rouge, Louisiana, to Amar and Raj Jindal, immigrants from Punjab, India, who came to the U.S. six months before he was born.
- Jindal attended Baton Rouge Magnet High School, graduating in 1988. While in high school, he competed in tennis tournaments, and started a computer newsletter, a retail candy business, and a mail-order software company.
- Jindal was one of 50 students nationwide admitted to the Program in Liberal Medical Education (PLME) at Brown University, guaranteeing him a place in medical school. Jindal completed majors in biology and public policy. He graduated in 1991 at the age of 20, with honors in both majors.
- Jindal was named to the 1992 USA Today All-USA Academic Team.
- He applied to and was accepted by both Harvard Medical School and Yale Law School, but studied at New College, Oxford, as a Rhodes Scholar.
- He turned down an offer to study for a doctorate at Oxford in politics, instead joining the consulting firm McKinsey & Company.
- When Jindal was 24 years old, U.S. congressman Jim McCrery poached him away from McKinsey and appointed him as Secretary of the Louisiana Department of Health and Hospitals, an agency that represented about 40 percent of the state budget and employed over 12,000 people. Foster called Jindal a genius, a remark that was fully validated during Jindal's tenure, when Louisiana's Medicaid program went from bankruptcy with a $400 million deficit into three years of surpluses totaling $220 million. Under Jindal's term, Louisiana nationally rose to third place in child healthcare screenings, with child immunizations rising, and introduced new and expanded services for the elderly and the disabled.
- In 1998, Jindal received the Samuel S. Beard Award for Greatest Public Service by an Individual 35 Years or Under, an award given out annually by Jefferson Awards.
- At 28 years of age in 1999, Jindal was appointed to become the youngest-ever president of the University of Louisiana System, the nation's 16th largest system of higher education with over 80,000 students per year.
- In March 2001 he was nominated by President George W. Bush to be Assistant Secretary of Health and Human Services for Planning and Evaluation. He was later unanimously confirmed by a vote of the United States Senate and began serving on July 9, 2001.
- In 2004, he won a seat to congress with 78 percent of the vote, and in 2006, Jindal won re-election to a second term with 88% of the vote.
- On January 22, 2007, Jindal announced his candidacy for governor. Jindal finished with 699,672 votes (54 percent). Jindal became the first Indian American to be elected governor of any state in the United States. In 2008, Jindal was ranked one of the nation's most popular governors with an approval rating of 77%. In 2011, he was easily reelected with 66% of the vote.
I may not agree with all of his political positions, but there is no question, this is one impressive dude.
OK Sir . Feel usless to arguing if he is good or not. Jindal He is a loser. Still facts are he are governor of one of the USA poorest states and re-elected two times, and he would have been reelected 3rd time. Still people talking about to make him Vice President or even contest in the president election. And you call him a slacker. I would like to see a forigner succeed in Asia and become president? closest was Raul Ghandi half italian.
And let me know what is success in your eyes ?. would be intrested to know.
@globejohan I believe you didn't pick up on cmdeal's sarcasm:
"I may not agree with all of his political positions, but there is no question, this is one impressive dude."
Ah sorry for that, i saw it now . Thanks for pointing it . My misstake Snacks and Cmdeal
My favorit Nikki Haley, Governor of South Carolina pretty good looking to be in politics . http://www.youtube.com/watch?v=NtyUK6mTzQM
Asians ... Your Guys Are Just Rocking!
ALL OF YOU ARE ON THE STM THOUGHT COUNCIL.
Asians are now running affiliate marketing all over the world.
Respect.
Originally Posted by adsurfer
Worth sharing in this thread :
http://www.ibtimes.co.uk/indian-boy-...ampion-1470331
Originally Posted by globejohan
I thought you were trolling!
Nicki Haley indian born to sikh parents in America ...re-elected as governor in South carolina just a few days ago
She have allready done 4 years , another 4 years ..It seams only the asian governors get reelected this much.
Its significant cos most of the southern state has a pretty bad history with racism and slavery and now two indian governor is re-elected two times in Luisiana bobby jindal , and South Carolina Nikki
http://www.youtube.com/watch?v=LHSlONq5Pnw
Originally Posted by mateen
Well, being Indian myself, I've gone to India a couple of times this year alone.
I remember when I was young my 8 year old cousins had memorized their 20x timetables! They do crazy amounts of studying/homework due to the competition to find jobs. A lot of them have families and responsibilities and the nature of working hard is built into them due to their environment. Of course, I'm generalizing here but they're hard workers no doubt!
Probably the same in China, Philippines and other high competition countries I would assume.
The definition of hard work is completely different based on each country and environment.
When I see some people in the UK complain about "how hard they work" or some university graduates who still can't spell or do basic math, I just have to shake my head. We have team members from India who learned English as their 4th language who can write flawlessly and who could solve differential equations when they were 13.
Wow that was fast.
Sundar Pichai is now CEO of Google.
This guy is just awesome. He is probably the best CEO in tech right now ... of any company in the world. I have NEVER heard ANY negative word about him from any of his employees or colleagues whether at Google or at his previous job at McKinsey. If you have ever worked at either of these two places, you will know how rare that is.
Larry Page Letter Announcing Sundar Pichai as CEO of Google
http://googleblog.blogspot.com.tr/20...-alphabet.html
It is clear to us and our board that it is time for Sundar to be CEO of Google. I feel very fortunate to have someone as talented as he is to run the slightly slimmed down Google and this frees up time for me to continue to scale our aspirations. I have been spending quite a bit of time with Sundar, helping him and the company in any way I can, and I will of course continue to do that. Google itself is also making all sorts of new products, and I know Sundar will always be focused on innovation -- continuing to stretch boundaries. I know he deeply cares that we can continue to make big strides on our core mission to organize the world's information. Recent launches like Google Photos and Google Now using machine learning are amazing progress.
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