Tuesday, December 20, 2011

IIM Placements are like cattle fairs?

While the country debates the moral hazard of politicians in making a strong Lokpal, I would like to draw your attention to another instance where a similar moral hazard is always ignored. If you are a young graduate, or any one else looking for a job your would know what I am talking about.  You guessed it right, this is HR professionals telling them to not focus too much on the money part, or to sticking around for a long term and career vs job BS. Another personal anecdote is a recent rant by a the HR head of a certain reputed group, frustrated because he found not takers for job offers from his group companies at India's premier B School, comparing placements to cattle fairs.

One would do well to try to identify agency costs to what one reads or hears in the media these days. 

Thursday, December 08, 2011

Jubilant Foodworks - Dominos India

Feel cheated by Dominos India. Had recently ordered Pizza Mania (which a a set of 4 pizzas). To our surprise there was not cheese on the pizzas but was loaded with mayonnaise. When we called up the store, the store person at first refused to agree but when we pressed him he agreed that the cheese had been replaced with Mayonnaise. 

Their reason for using it is that it is cheaper than cheese. However it is taking unsuspecting customers for a ride.  Mayonnaise is 50% Oil and 50% Egg, so they are not only feeding you more fat but even god won't help you if you are a vegetarian. Nowhere on their menu or website is this fact disclosed. Had they done this is the US, they would be facing huge class actions and criminal suite. Now I am okay with mayonnaise, however if this is their standard of disclosure than I am not sure what kind of chemicals they are putting in their products. 

While the stock of Jubilant Foodworks has been shooting for the sky (Its market cap which is over $1 billion, is interestingly 50% of the market cap of the parent company - remember Jubilant Foodworks is India franchisee of Dominos, as it gets a high PE multiple) I am not going to order any more pizzas from Dominos.
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