In the last issue we had covered the speech of Akio Morita, on how American CEO's spend a lot on personal richness, and how it is affecting the competitiveness of corporate America.

But perhaps all CEO's are not so. Here is an example of Sam Walton whose company Wal-Mart is one of the most respected company in USA.

"Now, when it comes to Wal-Mart, there's no two ways about it: I'm cheap. I think it's a real statement that Wal-Mart never bought a jet until after we were approaching $40 billion in sales and expanded as far away as California and Maine, and even then they had to practically tie me up and hold me down to do it. On the road, we sleep two to a room, although as I've gotten older I have finally started staying in my own room. We stay in Holiday Inns and Days Inns, and we eat a lot at family restaurants - when we have time to eat. A lot of what goes on these days with high-flying companies and these overpaid CEO's, who're really just looting from the top and aren't watching out for anybody but themselves, really upsets me. It's one of the main things wrong with American business today."
Sam Walton
In "Made in America"

What about India CEO's richness and India's competitiveness.

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