Smoking could kill your job prospects too!

IIPM PUBLICATION
Smokers, beware. If you thought that cigarettes were killing you, here’s more: there may be a chance that you won’t get a job! The European Commission (EC) has said that companies in the European Union (EU) may “legally refuse to hire smokers” because EU anti-discrimination laws do not protect them. Recently, an Irish call centre’s job advertisement read that “smokers need not apply” (Ireland enacted a smoking ban in enclosed workplaces in 2004). In response to questions raised about the validity of this kind of a “bias”, an EC spokesperson said that the commission’s anti-discrimination legislation for the workplace covers four areas: age, disability, religion belief and sexual orientation, and, in general, the rules cover gender and race – nothing more. So alcoholism or smoking could well become bones of contention when it comes to looking for a job in Europe.

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Source : IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG)
• Rashmi Bansal (Publisher of JAMMAG)

SEC is correct in castigating audit firms; strict action required hereon

IIPM BUSINESS & ECONOMY
When was the last time you heard of a farm watchdog arguing with its farm owner why it aided in allowing the farmer’s sheep to escape? Well, just stop by SEC’s office in F Street, Washington D.C., and you’ll hear a lot of barking all around by umpteen ‘ostensibly intelligent’ accused auditors. Ever since big ticket corporate scandals like Enron and Worldcom have surfaced, those are the corporate leaders who have been the sufferers and (leaving Arthur Andersen) not the auditors. On top of it all, these independent auditors, as the SEC has openly accused them, have simply shirked their responsibility, commenting in general, “It wasn’t in the scope of our work to find out these things...”

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Source : IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG)
• Rashmi Bansal (Publisher of JAMMAG)

Connecting for good, but whose...

IIPM MANAGEMENT INSTITUTE
While this infrastructural setup undoubtedly proves its importance by bringing forward new avenues to be tapped, pushing the trade numbers up for the three Asian countries, what significantly would improve if the plan fructifies is a win-win situation for the countries in diplomatic and foreign relationships. While Afghanistan does not share very cordial relationships with either of the two countries, it now urgently needs some support in Asia to be able to come out of its cocooned state after the Taliban rule. China, for that matter, will get the much needed support essential for it to quench its fuel thirst. And Pakistan’s strained relations with Afghanistan (due to Pakistan’s support to Taliban) could be well a thing of the past as this new venture could help it to come out of its negative image and make its presence felt in the Central Asia. It would be some time before the real work starts, but the signal is clear – the rail track can surely give each of them what they desire; a new bloc is developing in Asia.

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Source : IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG)
• Rashmi Bansal (Publisher of JAMMAG)

Citigroup, at # 14....

IIPM PUBLICATION
Citigroup, at #14, has many discredits to its credit. It has earned brickbats for predatory lending practices, secret illegal liaisons with the investment bankers, as well as failure to observe anti-money laundering practices in Japan. It had to pay $2.65 billion to settle a class action suit brought on behalf of the defrauded purchasers of WorldCom securities in the year 2004.

And the last, AIG, ranked 20th, was none the less. It was under investigation in 2005 for accounting fraud after a scandal in insurance and mutual funds. The settlement with the SEC was to the tune of $126 million. The collective revenues of the aforesaid Corporations for the year 2005 were almost $2 trillion. Even a fraction of this is enough to change the face of this world where millions are starved of social basics and justice.

In such a scenario, the skewed ambitions of these firms, their unmitigated and unflinching greed for enriching just their top-lines, is nothing but repulsively obscene.

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Source : IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG)
• Rashmi Bansal (Publisher of JAMMAG)