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Showing posts with label Personalities. Show all posts
Showing posts with label Personalities. Show all posts

Monday, February 2, 2015

Ribeiro on Kiran Bedi


An old colleague, Julio Ribeiro, pens down his memories of BJP's Delhi CM nominee, Kiran Bedi.
         
An IPS officer, an old colleague is eying to become the next Chief Minister of Delhi. Kiran Bedi, a darling of the common man, particularly youth and women, has already started on her new role even before she is elected and sworn in. Knowing her I would think that she will have her eyes on the Prime Minister’s chair. Why not? If Theodore Roosevelt, the Police Commissioner of New York, could become President of the US, surely my ex-colleague can aspire for the most powerful job under our Constitution. 

I first met Kiran Bedi in Hyderabad when she joined the Indian Police Service as a probationer. The novelty of seeing a woman probationer had just struck me and other males in the service. Let me confess that I was impressed with her enthusiasm and ebullience. She had been a national level tennis player. The physical part of police training was not a problem with her and even at that stage one could sense a spark and a confidence that spoke of greater things to come.

I had an occasion many years later as Special Secretary in the Ministry of Home Affairs to ask Kiran to accept an assignment in the National Police Academy at Hyderabad. The Director of the Academy, A.A. Ali, wanted a woman officer on his staff since the intake of women IPS probationers was increasing year by year. She would have been a great asset in the shaping of our future police leadership. I was greatly disappointed when she said ‘No’ though eventually I did find a good substitute in the person of Manjari Jaruhar of the Bihar Cadre of the IPS. Manjari wore a sari and sported a ‘bindi’ on her forehead after duty hours, unlike Kiran who preferred masculine attire.
Kiran Bedi was not willing to leave Delhi; the city was her happy stomping ground. One reason could have been her daughter for whom she had managed to secure a medical seat, when she was briefly posted to Mizoram. I had heard some murmurs at that time that she had not played fair in appropriating a seat meant for Mizo tribals. I remember that Kiran put up a very spirited defense for her questionable decision. The ability to justify some wrongs will surely help her to further her career in politics.
My other recollection of her was when she was awarded the Magsaysay Award. I had been approached by a well-known businessman in Mumbai with Philippine contacts, based on his stint in the Asian Institute of Management in Manila, for a résumé of my work in the police for submission to the Magsaysay Award committee. The committee had decided that year to give one prize to a police officer from India and had narrowed the choice to two. I was warned that there was another candidate who had also been recommended.  It was only after her name was published that that I realized that the other candidate was my friend Kiran Bedi. I hastened to congratulate her. In her reply she told me she was going to form a Trust with the prize money and requested me to serve as a Trustee. I consented.
I did not hear further about the Trust till years later a television crew popped up at my door asking me to comment on Kiran’s travelling by air on economy class tickets but claiming business class fare from corporates inviting her for speaking engagements. The money gained thereby had been credited to the Trust. When the T.V. channel learnt that I was a Trustee (a fact that I had by then forgotten) they sought my views on her way of financing her charitable work. My reply was that I would not do what Kiran had done but since she had not diverted money for personal use it was only a technical default, but certainly not a crime.
What did strike me though about this entire episode was that Kiran ran the Trust on her own without involving other Trustees as would be expected. She had included my name as a Trustee as a mere formality. I had not been informed about meetings or decisions taken nor did I receive any reports on the work done by the Trust for years together till this allegation surfaced. This is Kiran all over. She likes being the sole boss.
Nobody can doubt Kiran Bedi’s integrity or capabilities. Her problem was that she attracted the jealousy and unspoken enmity of her seniors and her peers since she always hogged the limelight. Her style of functioning also disturbed the politicians then in power. They were perennially in the popularity business and did not like to be eclipsed by a mere police officer. They overlooked the fact that Kiran’s popularity was based on her proven track record of genuine service to the people.
Kiran is very passionate about whatever she does. But her propensity to become the centre of attraction might lead her into conflict with her new found colleagues in the BJP who will find the ground shifting under their feet. Knowing Kiran I can safely say that she is not going to change. She has already started her work as a Chief Minister though elections are a month away. This is typical Kiran; she has no time to waste. As she herself said she is in the ‘mission mode’ and she will remain in that mode for many more years to come.

Before I end, there is a word of thanks I must convey through this piece to the future Chief Minister of Delhi. When I was sent to the Punjab to fight the separatists, RK Laxman drew a front page cartoon in the Times of India a copy of which my friend Kiran procured from the cartoonist himself and presented to me as a token of her appreciation for “taking on the nation’s battle”.  I will not forget that gesture.

Monday, January 28, 2013

Why Dr Sreedharan should not be given the Bharat Ratna


Dr Elattuvalapil Sreedharan…..

The Bharat Ratna no one talksabout
Dec 31st 2011
India had just lost the boxing day test match, with a day to spare. Star News was deciding who was the ‘Match Ka Mujrim’. Others were wondering when Sachin will finally score that created in the boardroom, 100th hundred. If an alien visited India around that time and switched on the tele, he/she would have thought our world started and ended with cricket.
Pretty sad, considering an event that slipped completely under our radar.

 Dr Elattuvalapil Sreedharan, affectionately called the ‘Metro Man of India', bid adieu to his 56 year long career of creating 21st century monuments. His exit was a reflection of how he lived; simple, elegant and completely inconspicuous.
Just pause for a moment and think.
56 successive years, in a single job, without a break.
56 Years.
In other words, Dr Sreedharan, worked continuously for a duration, in which an average Indian generally goes from the cradle to his/her grave.
And no one in the media was paying a tribute to this great man. They were not even talking about it. All they had was a silly ticker at the bottom of the screen, that said ‘Dr Sreedharan Retires’. No ten thousand word articles, no special Dr Sreedharan shows, nothing. It was like, it didn’t even happen.
Fundamental question is, Why?

Is it simply because, Dr Sreedharan, is not your quintessential Indian Success Story?
I mean, he is not a IITian, nor is he from an IIM. He is not from a minority community. He did not surmount racial and casteist prejudices imposed by the society. He did not fetch water at 4 in the morning and did not study under street lamps. He did not milk cows to pay for his education.He is neither an actor nor a singer. Neither is he a cricketer nor a cricketer who claims to be an actor.
He was just a simple middle class Indian, who went about his job.
In other words, he does not fall under any bracket that our media terms as ‘an Indian Success Story’.

And according to the media, not an ‘Indian Success Story’ meant ‘No tribute’. And this in a day, when even a guy like Chetan Bhagat will get a glowing biography on his life and times, the day he finally decides to stop writing.
OK, sod the the media. They have TRPs and paying news customers to take care of. But what about the government? They don’t have to answer to anybody. And this guy dedicated his entire life to them. At least they can do something.
But No.
When names were being bandied about for the Bharat Ratna, India ’s highest civilian honor, everyone, from politicians to Dhanush, had only one name, ‘I am stuck on 99′ Tendulkar. Infact lobbying for that guy reached such epic proportions, that the government actually changed the award criteria to accommodate that actor.
And Mr Sreedharan, who triple checks all the existing criteria, was not even being mentioned.
The travesty is all the more acute if you consider what Dr Sreedharan has done for our nation.
Like
Date: 22nd of December in 1964,
Location: Rameshwaram town
For most of the non south-Indians, Madras and South India are interchangeable terms. But what you do not know is, South India also happens a favorite holiday spot for various cyclones brewing in the Bay of Bengal . And this South India is not Madras alone, but the entire states of Andhra Pradesh and Tamil Nadu.
This geographical part of India has been hit by so many cyclones that nowadays meteorologists have run out of names.
For most of us, This is THANE station near Mumbai......
One such cyclone, hit the coastal town of Rameshwaram on 22nd of December, 1964. And it was a deadly one.
Not so long ago, south of Rameshwaram, there used be a bustling town called Dhanushkodi. It had its own post office, customs office and even a Railway Station. My bet is most of you wouldn’t have heard about it. Why?
Because on that fateful night, the Indian Ocean swallowed the entire town. More than 2000 Indians were killed. The ocean even ensured that, a passenger train which was beginning its last journey of the day at 11.15 P.M, made its last journey ever. If you still can’t imagine the ferocity of this cyclone, let me help you.....Dhanushkodi,

So where does Dr Sreedharan come in all of this?
As a sideshow, the cyclone destroyed the Pamban Bridge , the only bridge connecting Rameshwaram to mainland India . And this meant Rameshwaram was completely isolated. Considering the above cyclone something had to be done, and fast.
At that time, Dr Sreedharan was a Deputy Engineer in the Southern Railway. And this piece of wreck was in his territory. Indian Railways, gaveDr Sreedharan six months to restore connectivity to Rameshwaram. Which was asking a lot considering
Dr. Sreedharan, had to convert this IN SIX MONTHS
Dr Sreedharan finished the job in ..FORTY SIX 1962 DAYS.
He took one month and 15 days to restore, THAT bridge, back to full operation. The bridge which was India ’s longest sea bridge for 96 years, till the Bandra Worli Sea Link was inaugurated in the year 2008.
Forty six days to restore this 2.3 Km bridge in a state where THIS BRIDGE
took six months to restore after being washed away by a flash flood, in 2006.

There are some achievements that look cool, but once you get an award, you completely forget about them. And then there are some you won’t forget, even if you suffer a total memory loss.
This was one of those things.
For all this trouble, Dr Sreedharan got a Railway award consisting of Rs 100 and an awful looking plaque.
The process of short-changing Dr E Sreedharan, began in 1962.Even If Dr Sreedharan, sat and twiddled his thumbs for the rest of his life, he would have been considered a superhero for his bridge-building awesomeness alone. Fortunately for India though, he did not like twiddling thumbs. Packing his bags for his next assignment, he set off to Calcutta , where he became the chief designer of the Calcutta Metro. And then, getting bored of railways in general, he took charge of India ’s largest Ship building company, Cochin Shipyard. There he designed, built and commissioned India ’s first indigenously built Merchant vessel, the Rani Padmini, in 1981.
After building everything from trains to ships, Dr Sreedharan according to government rules, had to retire in 1990 when he completed 60 years of age.
But, when you are Dr Sreedharan, you don’t have the plebian privilege of retirement.
He was asked to go to Mumbai, to take charge of what was then deemed to be India ’s toughest project since independence. It involved burrowing through basalt mountains, spanning kilometer long marshes and rivers and taking railways to a place where even the Britishers thought it was impossible. This region was the Western Ghats of Maharashtra,

affectionately called, the Konkan.
The railway babus simply called this herculean venture, Konkan Railway. Naming things is not really their forte.
And slapped it with a pathetic logo
This is what Dr E Sreedharan had to do,
Lay 760 Kms of railway track, through a terrain that had and this infested withand perennially at the risk of And to do that, Sreedharan had to
1. Acquire 5000 hectares of land from 42,000 assorted land owners.
2. Build 2000 Bridges, both major and minor, across Marshes, swamps, rivers and backwaters.
3. Blast 92 tunnels, totaling 83 kilometers in length through Basalt, nature’s adamantium and soft soil, nature’s china clay. You need nuclear weapons and Arnold to bore through the former while the latter generally collapsed on itself, if someone as much as farted. And then came the most difficult task in the Indian Index of Difficult tasks.
4. Dealing And Negotiating With The Chief Mini sters, Home Mini sters, Other Mini sters And Their Chelas Of Four Different States.
And to complete all of the above tasks, Dr Sreedharan, was given 8 years.
It would be like Hercules being asked to accomplish his twelve tasks, blinded and with one hand tied to his back, in three days.

Hercules

Needless to say, he would have failed.

Dr Sreedharan, supposedly retired and who qualified for Indian Railway’s senior citizen quota, finished the job in 7 years.
Konkan Railway to me, is the second biggest achievement of Independent India, with the first being India remaining India . New standards will have to be invented, to realistically measure the impact of Konkan Railway on the Indian economy.
For starters
1. For the first time ever, three largest ports on the Indian coast, Mumbai, Karwar and Mangalore have a direct connection.
2. Travel time from the southern states to the north, have been reduced by upto 40 percent. The crummy old Nethravathi Express, used to take 38 hours to travel from Trivandrum to Mumbai.
Now, thanks to Dr E Sreedharan and the
KONKAN RAILWAY
the same train takes 22 Hours. A 16 hour reduction in travel time. And a 16-18 hour reduction in travel times of all trains going from Kerala,Karnataka, Goa to the North.
All the trains.
Try measuring the impact. Don’t bother, you can’t.
And new levels of difficulty need to be established to measure the difficulty of this task. The sheer number ofarchitectural impossibilities overcome by Dr E Sreedharan and his team in making this wild dream a reality, is mind boggling. All I can do is suggest you to go here, here and here.
However, there is one thing that encapsulates what all the above links have to say

THIS IS THE VIADUCT OVER THE PANVEL NADI
Which basically is a Marsh Between two Hills And to traverse it, The train has to travel at a height, which is as tall as
 In other words,
Dr Sreedharan and his team, built a goddamn Qutub Minar, over a marsh, between two hills, just so that, a train could chug over it.
Need I say more?

You will see this wonder of Modern India immediately after Ratnagiri on the Konkan Railway. In the 15 kilometer stretch between Ratnagiri and Nivasar, there are 3 tunnels and 5 viaducts. The third viaduct is the Panval Nadi viaduct, immediately after the first tunnel. The exact sequence will be —-
> Big Tunnel, Massive Gorge, Big tunnel again
Dr Sreedharan though, never had the chance to taste his success. In December 1997, one year before the Konkan Railway was thrown open to traffic, he was shunted to New Delhi to head a new organization. It was created to find a viable solution to the traffic woes of the aam aadmi in the national capital.
This organization was called the Delhi Metro Railway Corporation.
Of all the railway systems in the world, building a metro is the most difficult in the world. Most difficult, becomes impossible, when you have to build that damn thing under and over a megapolis.

Impossible reaches ‘You must be kidding me’ levels, when that megapolis in question is Delhi and the country in question is India .
There are more people in this pic than there are in Canada .
Delhi Metro was not India ’s first metro. Calcutta has that honor. But Calcutta ’s ‘I built my own metro’ story, was one sorry tale

Sample this
1. It took 22 years to build the Calcutta Metro, A metro whose total length was 16.75 kms. In other words, Calcutta Metro construction dudes managed a grand average of 0.76 kms a year.
2. The Calcutta metro suffered from debilitating shortages in almost everything. Shortages of funds, shortages in labour and shortages in everything else. The only they had in plenty was those damn shortages.
3. And it was harried by the parent, the Indian Railways, every step of the way.
If the Calcutta metro was any indicator, the 168 Kms long Delhi Metro would have been beset with shortages, harassed by the Railways and would have been completed in A.D 2083.
If ever there was a movie made about Dr Sreedharan’s job, it would have looked something like this
But this was Dr E Sreedharan.
When he started off, he put in place some things that were never before done in the history of Indian mega construction projects Like
1. His appointed himself as the judge, jury and the executioner as far as the Delhi Metro was concerned. No external influences were tolerated.And he took no prisoners. There have been stories were, people walked in with the traditional M.P recommendation letter, walked out of his office, with the paper in two different hands.
2. After giving himself the power, he changed the tendering process, upside down. In a country, where opening a single tender on an average,tooksix to nine months,Dr Sreedharan got the job done in 19 days. YES,19 Days.
3. When confronted with the standard Government ‘I am short of money’ rigamarole, Dr Sreedharan did what any sensible government servant would do. He simply cut out the Government from the funding.
He single-handedly went and got a loan of USD 5 Billion sanctioned from the Japanese Bank of International Co-operation to fund the Metro. Now, 60 percent of the necessary finance secured, Government shut up and stumped up the remaining cash.

4. He then hired top International consultants from an assortment of countries, to cover for the lack of local talent, to supervise and execute the project.
For the first time in the History of India, the entire Delhi Bureaucratic circle was completely circumvented. That too, by one 74 year old dude from Kerala.
As a result Phase one of the 5 billion dollar metro, was completed three years before schedule, entirely within the initially stipulated budget. And there was not even a single shard of corruption.

In India , that is the closest we can get to walking on water.
If someone had in 1998, said that such a thing would happen in India , He would have been given a priority ticket to Agra/Alibaug/Kilpauk or the nearest mental asylum.

Today, the Delhi Metro is complete and for the first time, Dilliwalas are enjoying the benefits of a full fledged suburban rail system that has a punctuality factor of 99.999 percent. All thanks to this man
Next time, any Dilli boy/girl tries to mock you or anyone with the moniker Madrasi, just mention the words, Metro-Sreedharan-Madrasi in the same sentence. The other side will shut up.
The successful execution of the Delhi Metro, made Dr Sreedharan the Tom Cruise of the Metro Rail universe. Every Indian city worth its salt, now wanted its own metro and Dr Sreedharan as its consultant.
One such city was Hyderabad . And the company executing that metro was a company called, MAYTAS INFRASTRUCTURE.

You know where this is going.
In September 2008, Dr Sreedharan, after observing as a consultant, sent the following report to the Planning Commission, Government of India
Making available 296 acres of prime land to the BOT [build, operate and transfer] developer for commercial exploitation was like selling the family silver. I fear abig political scandal some time later, as it is apparent the BOT operator has a hidden agenda which appears to be to extend the metro network to a large tract of his private land holdings so as to reap a windfall profit of four to five times the land price.

Planning commission, that plans little and develops less, as usual did not pay heed to this report. In fact they chastised Dr Sreedharan, for not backing up his allegation with necessary proof.
This is what happened, three months later
Remember how the scandal started? It started by Satyam Computers, arbitrarily taking over Maytas infrastructure, a company that was neither in IT, nor was a competitor. In fact the only link between Satyam and Matras was that it owned by Ramalinga Raju’s sons. And sensing that Maytas was in big trouble, he ‘bought’ the company to save it. And Dr Sreedharan, predicted that the company was in trouble, three months before the world knew it. So let me just encapsulate, if that can be done, on what Dr Sreedharan has done for the country1. He restored India ’s longest sea bridge which was completely destroyed, in 46 days. 2. He designed India ’s first Metro.3. Supervised the building of India ’s first indigenous Merchant vessel. 4. Executed India ’s most difficult project since Independence.5. Gave Delhi wallahs, something called the Metro. 6. Predicted India ’s biggest corporate fraud, three months before it happened.I don’t know how the Bharat Ratna nomination thing works. But I believe you stand a chance if you have done something good for the country. Now tell me, what has Dr Sreedharan not done for the country? I mean when you can consider a guy who sells a computer anti-virus on prime-time television for India’s highest civilian award, Why is there not a whisper about a guy who has ensured 400,000 people on the western coast of India saw a train for the first time? Or, was responsible for a sharp drop in road-rage killings in Delhi?
Come to think of it though, I really don’t want Dr Sreedharan to get the Bharat Ratna. I mean, he will then join a club that is populated by people like Bismillah Khan, Lata Mangeshkar, Bhimsen Joshi etc. No disrespect to them, but they were at best, paid performers who had negligible impact on the population of India .
(Lata Mangeshkar in fact has had a negative impact. A flyover which will bring respite to thousands, if not lakhs, of Mumbaikars is not being constructed solely due to her ‘privacy’ concerns)
Dr Sreedharan should not be given the Bharat Ratna. Because the Bharat Ratna does not deserve a man like
Dr Sreedharan.

********

Very Good! Not only worth reading but it tells the truth to the nation that has no value for truth. This "mallu" Sreetharan is an Engineer and Government Servant. That does not say much in a Country where  many of the Engineers in Public Works department are corrupt and famous for taking "bribes" and not doing their tasks. He had to rise well above this "brand name" of the Engineers who build our bridges, railway lines and roads and use them productively to accomplish his tasks. Dr Sreetharan was a manager par excellence but he had not gone to IIM to study management. He never had any political support because he kept away from politicians. But he had the courage to tell the truth and do what is right. Yes, Dr Sreedharan does not need  Bharat Ratna because he did not belong to this group of awardees.
Please read story fully even though it is bit long. Thanks, Nanda.


S.Murugan

Received From: nanda cariappa 



Sunday, August 5, 2012

A Must Read for Kejriwal Haters

A write up about Arvind Kejriwal, from another blog...

Quote" I know Arvind since our IIT Days. Since I know the man like the back of my hand, it really pains me in reading all these misinformed opinions of him.

He is one of the most intelligent & knowledgeable persons I have come across in my life & definitely the most selfless & honest. In those IIT Days also, while we all were thinking about our career & thinking of leaving India at the 1st opportunity, he was hell bent on doing something to change the face of India. He was a big fan of V.P. Singh those days & was very inspired with his honesty (Bofors) & efforts to achieve social justice (Mandal Commission). He was almost a non-believer & hated BJP for the Mandir movement. Whoever is accusing him to be a RSS/BJP agent has no idea what he/she is talking about. 

Those doubting his honesty/integrity should be informed that he was Joint Commissioner, Income Tax Dept in Delhi when he resigned from IRS. By conservative estimates, officer of this rank in Delhi/Mumbai makes at least Rs. 1 crore per month from external sources (you can make out what these external sources can be). How many of us can dedicate our life to the nation when such a lucrative career is in front of us? I am making USD 125,000/month here & he was 10 times brighter than me.

I appeal to all Indians (irrespective of caste/religion) to not let go of this chance to reclaim our country from these corrupt politicians. It is because of our *"Chalta Hai" & "Don’t Care" *attitude that things have come to this. Please dedicate 1 week of your life to the nation & visit Jantar Mantar daily. Even if 1% of Delhi goes to Jantar Mantar for 7 days, the government will be on its knees. And lastly, if you can’t do anything for the country, at least please don’t accuse Kejriwal of being communal/arrogant/dishonest without checking the facts.

We all batch mates (belonging to various castes/ religions) believe that if India can elect 100 leaders like Kejriwal to the Parliament, the country will be counted among the best in 10 years time.

** George Lobo NY, USA****" Unquote

Friday, June 29, 2012

A New Stunner in the Bollywood - Tamannaah Bhatia

Will she be the a replacement of .... Guess Who? 
Click to enlarge










These photographs are by the courtesy of Rediff.com

Wednesday, June 27, 2012

5 bitter business lessons Rajat Gupta taught me


by Alok Rodinhood Kejriwal

I heard Rajat Gupta speak as a keynote at the Harvard Business School (HBS) in March 2010. HBS had invited a clutch of Indian entrepreneurs to discuss entrepreneurship in India. And so, why was Rajat Gupta there? Well, he was the most illustrious Indian in the United States!

If you were present at the event, correct me if I am wrong, but I heard Rajat Gupta with a cracked voice. I heard more philosophy than gyaan. I heard the voice of regret ring out loud. On that particular day, I just assumed that he must've had a bad day. But today I am much wiser.

These are the five bitter lessons I have learnt from the punishing saga of Rajat Gupta, ending in his indictment for insider trading in the courts of New York.

1. If you hang out with criminals, you become one

Someone I know was once arrested for economic fraud in India. He spent a couple of days locked up. When I met him, he said, "Alok, in two days in a white collar jail cell, I met the most seasoned criminals. They revealed various business ideas of how to cheat and deceive people. They offered to partner me to execute their plan. My challenge was not dealing with the mental torture of being locked up, but of preventing those criminal ideas from manifesting themselves in my mind."

Rajat Gupta 'hung out' with Rajaratnam. Now, a man like Rajat Gupta, who has probably shaken as many hands as Obama has, knows how to 'read' people and quickly ascertain what they do. Yet he chose to associate with Rajaratnam. And sure enough, Rajaratnam brought him down.

Lesson: do not associate with even borderline crooks. You will be transformed - from an entrepreneur to a fraud-preneur.

2. Some things are taught by the conscience, not mummy & papa

I recently signed up on a couple of websites to offer 'over-the-phone' consultancy to venture funds, investors, etc. who like to talk to professionals and entrepreneurs to understand specific domain issues and insights.

While registering myself, the online form made me take 'tests' to make sure I understood what ethics and code of conduct meant.

A question asked, "If a company you are doing diligence on offers to fly you first class to Las Vegas and back to help you 'relax' from your efforts, will you accept?" Now, when confronted by a question like this, I don't need to scratch my head and wonder, "What did papa teach me?" Isn't it obvious that the answer is a DEAD 'NO'?

So, did Rajat Gupta need special guidance to understand that after a board meeting of a company in which you hear private, confidential information, you DON'T call up strangers and tell them what you heard? Hey! You don't even call up your wife and tell her!

Was Rajat Gupta's conscience eating a pretzel on the streets of New York when he called Rajaratnam minutes after a secret Goldman Sachs' board meeting and spilled all the information to him?

Lesson: be guided by your conscience always. It will never lie to you. Do not believe anyone else.

3. Denial is a demonstration of vanity

The Rajat Gupta case and the Bill Clinton-Monica Lewinsky case bear a strong resemblance. Both defendants were powerful, men of the world, having 'been there, done that, and seen it all'. When they were cornered into a situation that was clearly brought unto themselves, they went into what I call a 'synthetic denial'. Both men used technical, obtuse, clinical language and terms to describe what they had done as being "incorrect, but not illegal". Both insisted on making a public spectacle of themselves despite being so obviously in the wrong. Men like these have Himalayan-sized egos. Their false vanity deceives even themselves!

From what I read, Rajat Gutpa was offered a fine, a rap and no jail term by the SEC if he would have admitted to insider trading. But he chose not to accept and went on to defend his wrong!

Lesson: don't be in denial. Do not let your ego deceive you. We all make mistakes. Once discovered, correct it and redeem yourself as fast as you can!

4. When you are wrong, you are alone

As the Rajat Gupta prosecution shows, none of his best friends, associates or colleagues tried to save him or create a safety net for him. Lloyd Blankfein, the CEO of Goldman Sachs publicly castigated Rajat Gupta about his conduct while serving as a board member of Goldman Sachs. From what I understood, no one supported Rajat Gupta other than his family members. He was all alone.

Lesson: the old adage that 'friends and well wishers will come to my rescue when I am trouble' is bunk. No one will come. Save yourself, by yourself.

5. Greed is good, but it's not God

I am a huge fan of Gordon Gekko (from Wall Street 1). Not for his morals, but for his ambition. Personally, I believe that the motivation to achieve a lot is a great way to create important value for yourself and for society. But I do not believe that greed is God!

Rajat Gupta had everything. He had achieved so much that he could've had statues of himself in Mumbai and New York, but he wanted more. His greed was not good; it became his God.

For some strange reason, the more successful people become, the more insecure they become about proving their capabilities, their self worth and their value! This is a disease of the rich.

Lesson: be greedy, but be good. That's what matters.

(The writer is a digital entrepreneur and blogs at http://therodinhoods.com)