7 Comments
Aug 26, 2021Liked by Anand Sridharan

Superb read. One of best. Thanks.

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Aug 24, 2021Liked by Anand Sridharan

I think, it is well understood if one understands the difference between a "marriage" and "Live-In". Your outlook is fit for those who have tied a knot for a long term relationship, where the role of a "marriage counselor" is important but limited. Those , who are in "live in "( like the institution holding hundreds of companies) need the counselor more & hence relies on them.

By the way, I feel your article is also useful to young employees in dealing with the differences, they face in the organizations. After all, Investing is just a part of everybody's life.

Thanks for this wonderful writing.

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Aug 24, 2021Liked by Anand Sridharan

i loved reading this article and a good perspective. thanks.

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Aug 24, 2021Liked by Anand Sridharan

Thanks for the insightful and wise commentary :) Great read on a balanced and aligned long-term relationship

This particular episode of Lal's appointment + comp is at an interesting cross road of right to ask (looking at the 10-15Y history of the firm and the strength of the brand/ franchise, clearly top 1% percentile of value creators) + short-term business performance over last 3-4Y (again edging the renters) + pattern of unsuccessful management changes (RLR, Vinod Dasari) which makes the idiosyncratic judgement even more important.

Like this particular quote above: "While we table concerns only where an action falls under a historic pattern with poor odds, we recognize that we could be wrong."

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How would you think about allocation of the compensation itself into short term (cash), medium term ( bonus, milestone based payments, options, convertibles) and long term (bought shares, preferences etc.). Obviously in an ideal world, it should be near 100% on the last but not everyone is WB. Would you leave it to the judgement of the promoter entirely ?

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