Goldman Sachs have a new director in the form of Lakshmi Mittal

The world’s largest investment bank, Goldman Sachs has elected steel tycoon, Mittal as an independent director. He will serve on its Audit, Compensation and Corporate Governance and Nominating committees. This surely is another feather in his cap. As said by Chirag in his post on Goldman Sachs, it is only investment bank to have avoided the subprime muddle. Good to have an Indian on the board of such a reputed firm… [ ] taken from goldman sachs article from My Finance Times

Behind Sam Walton: the founder of the world’s biggest company – Wal-Mart

just read the famous autobiography of Sam Walton – ‘Made in America‘ . Here is a small book review/note that I have made for my readers.

Walton takes the reader from the days when he sold newspapers and magazine subscriptions at the age of 10 to his last days when Wal-Mart was a thousand stores strong. He had always been hard-working and economical: he paid for full college fees on his own, helped on his family farm too, even waiting tables in exchange for a meal and sleeping in sleeping bags against hotel rooms. Gave up the prospects of joining post-graduate college to being a management trainee at J C Penny where he discovered his love for retailing. Subsequently he spent 3 years (1942-45) in the US Army before opting to start a Ben Franklin franchise in 1945. He worked day in and day out, and after learning the tricks of trade, and also his innovative methods, he set up Wal-Mart stores in 1962.

Read the rest of the great post here