Corporate India is in shock after a mob of sacked workers bludgeoned to death the chief executive who had dismissed them from a factory in a suburb of Delhi.
Lalit Kishore Choudhary, 47, the head of the Indian operations of Graziano Transmissioni, an Italian-headquartered manufacturer of car parts, died of severe head wounds on Monday afternoon after being attacked by scores of laid-off employees, police said.
The incident, in Greater Noida, just outside the Indian capital, followed a long-running dispute between the factory’s management and workers who had demanded better pay and permanent contracts.
Not that we are suggesting this sort of thing is really a good idea, but I bet labor likes the idea quite a lot. It’s a bit more brutal than litigating a fallen CEO into a heart attack (or a faked death) but it has a certain… honesty to it. That makes it, if nothing else, damn refreshing. And if anything is going to get murder condoned, it’s a credit crunch and high gas prices in the United States. Ouch.
CEO murdered by mob of sacked Indian workers [Times Online] (Hat tip – Anonymous DealBreaker commenter)
Lovely. Send Vik, Gorilla, etc.
Hilarious!!!!!
Lehman boys arent tough enough to top that.
This is just so unfortunate. I bet this does wonders to India’s economy.
What a bunch of losers.
somewhere I read someone suggesting he Cheney himself in the face.
Too violent, didn’t read.
It was the consultant’s fault.
Where was I when this happened? http://www.clusterstock.com/2008/9/welcome-to-dealbreaker-s-john-carney-
Actually this has happened in India before. Despite the recent business activity, India is a country which describes itself as ‘socialist’ as per its constitution and has a fully functional communist party.
In this specific case, these workers had been fired a few months back for violence in the factory. The wages and benefits part is bullshit added on. Also, the union leaders in this case care mostly local criminals/politicians.
Wow, #8, good working knowledge of India! Just the kind of thing I like to pick up by reading DB.
#7, this happened last week. JC gave a formal farewell to DB on Friday.
Thanks for the Hat tip EP – i posted in one of Bess’ earlier posts.
MAYO
#8..Aren’t we all socialists now..?
oh god equity private is a heinour writer
@8… prepare to be clubbed to death.
@8
“…Also, the union leaders in this case care mostly local criminals/politicians.”
And the United States is any different?
@ 14
Listen son, we’ll have none of your reality here, the voice of reason shall not, I repeat, NOT be heard!
Sigh…
Awesome headline. I literally lol’d for 20 seconds.
Posted by guest, Sep 23, 2008 7:15PM
STOP all this nonsense!! We need to get adeal done. Paulson has proved he knows how to make money. We need to trust soemone and let them take charge as we ask our politicinas to take charge. Let there be oversight but let a proven pro take charge, not congress!
Barclays now says they will lay off 5000 lehman employees after 3 months. Where is the bankcrupty judge who approved a sweet deal for Barclays. Where is bloomberg, obama, mccain. Where is Buffet, Bart Mcbride? Stand up. Barclays wantss all teh lehman employees to work long hours to intergarte the 2 companies nad then let 1/2 go. All Lehman employees should stop working and march on city hall & the federal court building unitl they are guaranteed jobs for atleast 6-12 months from the time Barclays says they don;t need them. How about using all this talent to find new ways to make money. Bart should lead them. All the hundreds of millions made by the few at the top while most of the employees fall in teh obama “95%”!
Bloomberg do not let barclays get away with it. obama mccain this will be your problem soon. Warren find a way to hire all those who want to help you build your business. They are among the brightest people we have. While most will land on their feet why make them suffer while everyone else is being bailed out.
Where is our legal profession. How can barclays get such a sweet deal while saying everyone will be part of the new company when all the time they just said want they had to to get the deal of a lifetime.
Bess we need to start here and put a stop to the nonesense.
does anyone agree? our city is in trouble, our country is in trouble, our way of life is in toruble because of the greed and arrogance of a few.
Posted by guest, Sep 23, 2008 7:15PM
STOP all this nonsense!! We need to get adeal done. Paulson has proved he knows how to make money. We need to trust soemone and let them take charge as we ask our politicinas to take charge. Let there be oversight but let a proven pro take charge, not congress!
Barclays now says they will lay off 5000 lehman employees after 3 months. Where is the bankcrupty judge who approved a sweet deal for Barclays. Where is bloomberg, obama, mccain. Where is Buffet, Bart Mcbride? Stand up. Barclays wantss all teh lehman employees to work long hours to intergarte the 2 companies nad then let 1/2 go. All Lehman employees should stop working and march on city hall & the federal court building unitl they are guaranteed jobs for atleast 6-12 months from the time Barclays says they don;t need them. How about using all this talent to find new ways to make money. Bart should lead them. All the hundreds of millions made by the few at the top while most of the employees fall in teh obama “95%”!
Bloomberg do not let barclays get away with it. obama mccain this will be your problem soon. Warren find a way to hire all those who want to help you build your business. They are among the brightest people we have. While most will land on their feet why make them suffer while everyone else is being bailed out.
Where is our legal profession. How can barclays get such a sweet deal while saying everyone will be part of the new company when all the time they just said want they had to to get the deal of a lifetime.
Bess we need to start here and put a stop to the nonesense.
does anyone agree? our city is in trouble, our country is in trouble, our way of life is in toruble because of the greed and arrogance of a few.
EP, excellent work.
Note the link below for existing thought leadership on the topic:
http://longorshortcapital.com/china-gets-it.htm
Oh, please don’t mention this to CITI Group employees!
This happens in India every now and then but not reported but this time someone picked it up.
pES7mY Looking forward to reading more. Great blog post.Really looking forward to read more. Awesome.