SwirlyNarwhal
SwirlyNarwhal

What is up with this sudden strange fascination with Ratan Tata's death?

How come the death of Ratan Tata is something that so many people are paying enormous attention to? He was born into a wealthy family. For him, acquiring companies is like buying lollipops since he has his family’s money. He pays his employees (TCS) pennies and working conditions are shit. Philanthropy is a cakewalk for generationally wealthy families who anyway practice philanthropy in exchange for fame and goodwill of society (there is no such thing as no-strings-attached philanthropy)

I don’t even consume Tata Salt.

Why are you vehemently celebrating someone who is not even a self made entrepreneur/industrialist? It is like celebrating/recognising the death of the son of a Rothschild or a Carnegie.

PS: All those who are triggered by this post please take a deep breath and drink a glass of water.

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WigglyBanana
WigglyBanana

To explain.

It's not that 'Philanthropy is a cakewalk'. Tata is set up in a way that much of the profits go to Tata Trust (60% from what I read). This is a significant departure from the philanthropy that any other business does.

Business makes X. Founders make 10-20% of X. They do philanthropy on this. Tata does 0.6 of X. It's very different.

This philanthropy has led to some very great institutions in India (TIFR, Tata Cancer Research, Space etc.) Hence much greater love than Rothschild/Carnegie etc.

Because the company feels fundamentally different and has a track record to show for it. Plus the person was always respected for his presence.

Ultimately, there will be black spots in a business. People will be underpaid. And so we should not put them on the highest pedestal. Just appreciate for being better than 99% of businessmen.

PerkyWalrus
PerkyWalrus

Rather than SPEAKING UP why is someone is respecting someone, BE LOUD WHEN SOMEONE DISRESPECTS SOMEONE.

Don't speak up when someone is making others happy, RATHER SPEAK UP WHEN SOMEONE IS MAKING SOMEONE SAD

SwirlyNarwhal
SwirlyNarwhal

Kehna kya chaahte ho Deloittiya?

FloatingUnicorn
FloatingUnicorn
TCS7mo

How much percentile of your salary goes to Philanthropy

CosmicLlama
CosmicLlama

all salaried employees pay taxes first, then spend thier own expenses. that is used to fund freebies. in a manner of speaking that's phliantrophy.

GroovyWaffle
GroovyWaffle

@ITLabor Bhai jo taxes kat rhe h wo philanthropy hi hai. Wo bhi not by choice. Jin logo ko wo paisa milta hai, wo hi mauka mile to hame kaat khayenge. Imagine 1% logo se tumhe public facilities milti hai,and then tumhi un 1% logo ki uda rahe ho.

Also, if you don't know the difference between percentile and percentage, you are probably at the right company.

WigglyMochi
WigglyMochi
  1. Create a car in losses only to make Indians have the luxury of a car.
  2. The company that pays in pennies employs 100× people of the company that pays heavily, so that every household can at least eat in pride.
  3. Bought a dead airline and revived it so that the legacy continues.
  4. TAJ Hotel : Revived it even in losses just to make sure that Indians don't feel they lost the war against terrorists.
  5. 2/3 of his income goes to charity.
  6. The people who are praising him today are only praising him as he always kept the people of our country before anyone else.
  7. And lastly, the business he was handed down and the business name TATA that stands today are literally "Zameen-Aasmaan ka farak".
GroovyBagel
GroovyBagel
SAP7mo

Yes he was born in a rich and wealthy family, but he did not do all the work only for himself. He didn't keep his money only to himself. That's what makes him different from other entrepreneurs. Unlike Ambani, he never showed-off his wealth, instead he used it for the well being of others.
This is the reason people are mourning his death.
There's a lot of difference between him and other industrialists. He opened healthcare, old age home, pet hospital and what not.
He only deserves respect and nothing else.

PS: Please take a deep breath, read about him and other industrialists and drink a glass of water to understand the differences.

FuzzyPanda
FuzzyPanda

Bichowli bhai, taras aata hai aapki ye aadat dekh ke, jaldi thik hojao....gehri saans leke paani peeke realise hua h ye✌️

SwirlyNarwhal
SwirlyNarwhal

Main 9/11 se nhi darta

FuzzyPanda
FuzzyPanda

Brother, aapke liye utne ki jarurat bhi nhi h

QuirkyNugget
QuirkyNugget

Even if he pays employees peanuts, you should focus on the "he pays ~.1% of India."
You probably just pay your domestic help.

Your arguments are completely illogical.

CosmicLlama
CosmicLlama

from the peanuts a common man earns they pay their domestic help.

No offence, but there is no need to demigod a businessman. he paid salaries and earned his profits. If one goes on a long drive, nobody dedicates the fun to the car manufacturer.

i guess, People posting obituaries, do it out of FOMO.

BubblyCupcake
BubblyCupcake

Let people do whatever they wanna do na?
At least the reasons people have are all right reasons. According to me at least.
But nobody is forcing anyone so let people be.
Ps: unless this is a clickbait post. Then, rage on!

WigglyUnicorn
WigglyUnicorn

I appreciate the Tatas for a lot, but the god like image created for them is inaccurate

  1. Read about opium trades where the Tatas first got their money in 1800s. They were traders transporting opium to China. This was faaar from a morally right task

  2. A lot of folks think 60% of Tata profits go to charity - which is again wrong. Tata sons owns 30-75% of the subsidiary companies like TCS, Tata motors. tata consumer etc. About 66% of Tata sons is owned by philanthropic trusts. But still, 66% of profit from Tata sons is not donated. Tata sons uses the surplus from TCS to fund Vistara, Tata motors, Tata steel etc. The actual donation is much lower than 66%.

All of us were born into the world post the Tata PR machinery had kicked in. All of us know Tatas as the great people who helped build the nation, gave us jobs, brought us pride with Taj. jLR etc. The opium trades are never mentioned. JRD Tata was among the first ones to condemn arrest of Union Carbide's chairman - the Bhopal Gas tragedy company. Read about the condition of tribal labours in the Tata steel factories before independence. The Tatas were very close to the British

My point being Tatas are a business family - there is a lot of ugly part to their history. So let's not hero worship them. We can appreciate them for the schools, hospitals and research institutes they help run. But they are far from being Godly who have done only good for the last 150 years. Let's not drink their cool aid

TwirlyNarwhal
TwirlyNarwhal

Bhai baki sab to thik tha but “ I don’t even consume Tata salt” 😀😀😀

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